British Interactive Media Assoc Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 01963224 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31st December 2016

for

British Interactive Media Association

Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

Ms B D Beale

T A Nseir

Ms N S Gross

SECRETARY:

REGISTERED OFFICE:

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

01963224 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

The directors present their report with the financial statements of the company for the year ended 31st December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the promotion of interactive media in

business, education and public and domestic sectors together with the promotion of professional standards in the

industry, including the staging of the BIMA Awards ceremony.

DIRECTORS

The directors who have held office during the period from 1st January 2016 to the date of this report are as follows:

A Graham - resigned 1st December 2016

W J H Lewis - resigned 1st December 2016

Ms J K Topping - resigned 1st December 2016

Ms B D Beale - appointed 1st December 2016

T A Nseir - appointed 1st December 2016

Ms N S Gross - appointed 1st December 2016

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Ms N S Gross - Director

28th February 2017

TURNOVER

532,781

501,848

Cost of sales

154,286

177,664

GROSS SURPLUS

378,495

324,184

Administrative expenses

344,666

318,195

OPERATING SURPLUS and

SURPLUS BEFORE TAXATION

4

33,829

5,989

Tax on surplus

-

-

SURPLUS FOR THE FINANCIAL YEAR

33,829

5,989

FIXED ASSETS

Tangible assets

5

40,149

2,508

CURRENT ASSETS

Debtors

6

19,758

14,071

Cash at bank

65,676

96,786

85,434

110,857

CREDITORS

Amounts falling due within one year

7

85,116

106,727

NET CURRENT ASSETS

318

4,130

TOTAL ASSETS LESS CURRENT LIABILITIES

40,467

6,638

RESERVES

Income and expenditure account

40,467

6,638

40,467

6,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th February 2017 and were signed on its behalf by:

T A Nseir - Director

1.	STATUTORY INFORMATION

British Interactive Media Association Limited is a private company, limited by guarantee , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

Membership fees which are invoiced before the year-end but cover a period after the year-end are not recognised

as income in the current year but are carried forward into future accounting periods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	OPERATING SURPLUS

The operating surplus is stated after charging:

2016

2015

£

£

Depreciation - owned assets

13,520

1,019

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2016

4,726

Additions

51,161

At 31st December 2016

55,887

DEPRECIATION

At 1st January 2016

2,218

Charge for year

13,520

At 31st December 2016

15,738

NET BOOK VALUE

At 31st December 2016

40,149

At 31st December 2015

2,508

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

18,666

8,404

Other debtors

1,092

5,667

19,758

14,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

2,685

7,371

Taxation and social security

18,593

16,029

Other creditors

63,838

83,327

85,116

106,727

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of the executive committee, the members being appointed at the general

meeting.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. The members have agreed to contribute

£1 in the event of the company being wound up.