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REGISTERED NUMBER: 00105383 (England and Wales)















INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE) (REGISTERED NUMBER: 00105383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms M A Boanas
Mr B Chick
Mr J Whitlam
Mr P Dolan
Mr R Mollison
Mr J W Ressell
Mr R W Haesakkers
Mr G A W Harmer
Mr M D Glass
Mr S Davies
Mr S Tyndall
Mr M D Alcorn
Mr M Flood
Mr D J Dwyer
Mr N J Sherwood
Mr T G Goddard
Mr M Ryder
Mr P Hounsome
Mr D D Mackintosh





SECRETARY: Ms K Doherty





REGISTERED OFFICE: Suite A & B
Second Floor
79a Charterhouse Street
London
EC1M 6HJ





REGISTERED NUMBER: 00105383 (England and Wales)





AUDITORS: Spurling Cannon Audit Limited
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE) (REGISTERED NUMBER: 00105383)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,550 9,663

CURRENT ASSETS
Debtors 5 11,614 5,702
Prepayments and accrued income 5,515 1,516
Cash at bank 355,845 405,327
372,974 412,545
CREDITORS
Amounts falling due within one year 6 (53,130 ) (67,764 )
NET CURRENT ASSETS 319,844 344,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,394

354,444

RESERVES
Income and expenditure account 329,394 354,444
329,394 354,444

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 September 2024 and were signed on its behalf by:





Ms M A Boanas - Director


INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE) (REGISTERED NUMBER: 00105383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

International Meat Trade Association Incorporated(The) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 15% on reducing balance
Computer equipment - 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 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.

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 5 (2022 - 5 ) .

INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE) (REGISTERED NUMBER: 00105383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 January 2023 14,146 14,697 28,843
Additions - 2,507 2,507
At 31 December 2023 14,146 17,204 31,350
DEPRECIATION
At 1 January 2023 9,914 9,266 19,180
Charge for year 635 1,985 2,620
At 31 December 2023 10,549 11,251 21,800
NET BOOK VALUE
At 31 December 2023 3,597 5,953 9,550
At 31 December 2022 4,232 5,431 9,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,030 2,520
VAT 1,584 3,182
11,614 5,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax - 5,835
Social security and other taxes 1,224 -
Sundry creditors and accrued expenses 51,906 61,929
53,130 67,764

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)
for and on behalf of Spurling Cannon Audit Limited

8. GUARANTEE

The members of the company have agreed to contribute £5 each to the assets of the company in the event of it being wound up.

9. TITLE

The Association is exempt, pursuant to Section 30 of the Companies Act 1985, from the inclusion of the word Limited in its title.

INTERNATIONAL MEAT TRADE ASSOCIATION
INCORPORATED(THE) (REGISTERED NUMBER: 00105383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)
for an on belalf of Spurling Cannon Audit Limited