Institute Of Administrative Management - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09016031 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

INSTITUTE OF ADMINISTRATIVE MANAGEMENT

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R D Clarke

SECRETARY:

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

09016031 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

1,323

2,078

CURRENT ASSETS

Debtors

5

3,380

-

CREDITORS

Amounts falling due within one year

6

228,615

169,318

NET CURRENT LIABILITIES

(225,235

)

(169,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(223,912

)

(167,240

)

RESERVES

Income and expenditure account

(223,912

)

(167,240

)

(223,912

)

(167,240

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 January 2018 and were signed by:

R D Clarke - Director

1.	STATUTORY INFORMATION

Institute Of Administrative Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provision 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 as modified by the revaluation of certain assets.

These financial statements are the first financial statements that comply with FRS 102 Section 1A. The

date of transition is 1 May 2015 . The transition to FRS 102 Section 1A small entities has resulted in no

material changes in accounting policies nor material adjustments on transition.

Turnover

Turnover represents invoiced good and services provided and revenue is recognised when

membership subscriptions are paid.

Development costs

Development costs are amortised over a 3 year period.

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 have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to

continue as a going concern. The company is reliant on the support of it's parent company, therefore

the going concern basis remains appropriate.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in

FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective

interest method.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2016

3,102

Additions

400

At 30 April 2017

3,502

AMORTISATION

At 1 May 2016

1,024

Charge for year

1,155

At 30 April 2017

2,179

NET BOOK VALUE

At 30 April 2017

1,323

At 30 April 2016

2,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

3,380

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

228,615

169,318

7.	RELATED PARTY DISCLOSURES

Industry Qualifications Limited

A company in which Mr R Clarke is a director.

Amount owed to the related party at the balance sheet reference date was £ 228,615 - (2016

£169,318).

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. In the event of the company being

wound up, every member undertakes to contribute to the assets of the company any such amount as

may be required, not exceeding £1.