REGISTERED NUMBER: 01963224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2017

for

British Interactive Media Association

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

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

FIXED ASSETS

Tangible assets

4

33,372

40,149

CURRENT ASSETS

Debtors

5

23,167

19,758

Cash at bank

72,365

65,676

95,532

85,434

CREDITORS

Amounts falling due within one year

6

89,712

85,116

NET CURRENT ASSETS

5,820

318

TOTAL ASSETS LESS CURRENT LIABILITIES

39,192

40,467

RESERVES

Income and expenditure account

39,192

40,467

39,192

40,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3rd August 2018 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2017

55,887

Additions

5,622

Disposals

(3,187

)

At 31st December 2017

58,322

DEPRECIATION

At 1st January 2017

15,738

Charge for year

11,124

Eliminated on disposal

(1,912

)

At 31st December 2017

24,950

NET BOOK VALUE

At 31st December 2017

33,372

At 31st December 2016

40,149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

21,517

18,666

Other debtors

1,650

1,092

23,167

19,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

750

2,685

Taxation and social security

18,456

18,593

Other creditors

70,506

63,838

89,712

85,116

7.	ULTIMATE CONTROLLING PARTY

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

meeting.

8.	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.