AIIM International Limited 03297083 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is to support the US parent company in the education, market research, certification, and promotion of standards for information professionals in the information and image management industry. Digita Accounts Production Advanced 6.30.9574.0 true true true 03297083 2023-01-01 2023-12-31 03297083 2023-12-31 03297083 core:CurrentFinancialInstruments 2023-12-31 03297083 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03297083 core:OfficeEquipment 2023-12-31 03297083 bus:SmallEntities 2023-01-01 2023-12-31 03297083 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03297083 bus:FullAccounts 2023-01-01 2023-12-31 03297083 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03297083 bus:RegisteredOffice 2023-01-01 2023-12-31 03297083 bus:Director3 2023-01-01 2023-12-31 03297083 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03297083 core:FurnitureFittings 2023-01-01 2023-12-31 03297083 core:OfficeEquipment 2023-01-01 2023-12-31 03297083 core:PlantMachinery 2023-01-01 2023-12-31 03297083 1 2023-01-01 2023-12-31 03297083 countries:EnglandWales 2023-01-01 2023-12-31 03297083 2022-12-31 03297083 core:OfficeEquipment 2022-12-31 03297083 2022-01-01 2022-12-31 03297083 2022-12-31 03297083 core:CurrentFinancialInstruments 2022-12-31 03297083 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03297083 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03297083

AIIM International Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

AIIM International Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

AIIM International Limited

Company Information

Director

Miss Tori Miller Liu

Registered office

111/113 High Street
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

AIIM International Limited

(Registration number: 03297083)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

239

960

Current assets

 

Debtors

5

180,400

180,400

Cash at bank and in hand

 

851

1,259

 

181,251

181,659

Creditors: Amounts falling due within one year

6

(166,075)

(169,387)

Net current assets

 

15,176

12,272

Net assets

 

15,415

13,232

Capital and reserves

 

Called up share capital

2,242,584

2,242,584

Retained earnings

(2,227,169)

(2,229,352)

Shareholders' funds

 

15,415

13,232

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 September 2024
 

.........................................
Miss Tori Miller Liu
Director

 

AIIM International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP

These financial statements were authorised for issue by the director on 2 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have been prepared on a going concern basis as the parent company has indicated its willingness to continue to support the company for a period of at least 12 months from the balance sheet date.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

AIIM International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Equipment

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

AIIM International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

2,399

2,399

Disposals

(1,200)

(1,200)

At 31 December 2023

1,199

1,199

Depreciation

At 1 January 2023

1,439

1,439

Charge for the year

240

240

Eliminated on disposal

(719)

(719)

At 31 December 2023

960

960

Carrying amount

At 31 December 2023

239

239

At 31 December 2022

960

960

5

Debtors

Current

2023
£

2022
£

Trade debtors

180,000

180,000

Prepayments

400

400

 

180,400

180,400

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

485

292

Amounts owed to group undertakings and undertakings in which the company has a participating interest

163,092

166,495

Taxation and social security

 

54

-

Accruals and deferred income

 

2,041

2,599

Other creditors

 

403

1

 

166,075

169,387

 

AIIM International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

485

292

8

Parent and ultimate parent undertaking

The company's immediate parent is AIIM International , incorporated in United States of America. AIIM International is a not for profit organisation owned by its members.

  These financial statements are available upon request from 1100 Wayne Avenue, Suite 1100, Silver Spring, MD20910, USA