Company Registration No. 02589185 (England and Wales)
BOOK INDUSTRY COMMUNICATION
LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
BOOK INDUSTRY COMMUNICATION LIMITED
COMPANY INFORMATION
Directors
D Barrett
G Bell
G Jarrett
V Kriz
S Pallant
C Rogerson
P Tanner
K Urquhart
J Windus
C Gorham
M Hogg
Company number
02589185
Registered office
4 Aztec Row
Berners Road
London
N1 0PW
Accountants
Cheesmans
4 Aztec Row
Berners Road
London
N1 0PW
Bankers
Barclays Bank PLC
One Churchill Place
London
E14 5HP
BOOK INDUSTRY COMMUNICATION LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of comprehensive income
3
Balance sheet
4 - 5
Statement of changes in equity
6
Notes to the financial statements
7 - 11
BOOK INDUSTRY COMMUNICATION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Principal activities

The company's principal activity is to facilitate the provision and communication of information throughout the book industry. It is intended this will remain the case for the foreseeable future.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D Barrett
G Bell
G Jarrett
V Kriz
S Pallant
C Rogerson
P Tanner
K Urquhart
J Windus
C Gorham
M Hogg
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the Board
K Urquhart
Director
24 September 2025
BOOK INDUSTRY COMMUNICATION LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOOK INDUSTRY COMMUNICATION LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Book Industry Communication Limited for the year ended 31 March 2025 set out on pages 3 to 11 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Book Industry Communication Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Book Industry Communication Limited and state those matters that we have agreed to state to the Board of Directors of Book Industry Communication Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Book Industry Communication Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Book Industry Communication Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Book Industry Communication Limited. You consider that Book Industry Communication Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Book Industry Communication Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Cheesmans
Chartered Accountants
4 Aztec Row
Berners Road
London
N1 0PW
24 September 2025
BOOK INDUSTRY COMMUNICATION LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
Notes
£
£
Income
1.2
280,256
278,660
Cost of sales
(14,515)
(12,151)
Gross surplus
265,741
266,509
Administrative expenses
(266,056)
(272,818)
Other operating income
7,317
13,872
Operating surplus
7,002
7,563
Interest receivable and similar income
2,740
2,402
Surplus before taxation
9,742
9,965
Taxation surplus
(1,203)
(2,377)
Surplus for the financial year
8,539
7,588
BOOK INDUSTRY COMMUNICATION LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
6,884
13,767
Tangible assets
5
55
109
Investments
6
184,320
177,861
191,259
191,737
Current assets
Debtors
8
19,981
20,856
Cash at bank and in hand
172,962
155,106
192,943
175,962
Creditors: amounts falling due within one year
9
(32,027)
(25,265)
Net current assets
160,916
150,697
Total assets less current liabilities
352,175
342,434
Provisions for liabilities
(7,879)
(6,677)
Net assets
344,296
335,757
Reserves
Income and expenditure account
344,296
335,757
Members' funds
344,296
335,757
BOOK INDUSTRY COMMUNICATION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 5 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and are signed on its behalf by:
J Windus
Director
Company registration number 02589185 (England and Wales)
BOOK INDUSTRY COMMUNICATION LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
Income and expenditure
£
Balance at 1 April 2023
328,169
Year ended 31 March 2024:
Surplus and total comprehensive income
7,588
Balance at 31 March 2024
335,757
Year ended 31 March 2025:
Surplus and total comprehensive income
8,539
Balance at 31 March 2025
344,296
BOOK INDUSTRY COMMUNICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
1
Accounting policies
Company information

Book Industry Communication Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 4 Aztec Row, Berners Road, London, N1 0PW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Website and brand
3 years

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Furniture and equipment
4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.5
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in surplus or deficit. Transaction costs are expensed to surplus or deficit as incurred.

BOOK INDUSTRY COMMUNICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BOOK INDUSTRY COMMUNICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
BOOK INDUSTRY COMMUNICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
4
Intangible fixed assets
Website and brand
£
Cost
At 1 April 2024 and 31 March 2025
20,650
Amortisation and impairment
At 1 April 2024
6,883
Amortisation charged for the year
6,883
At 31 March 2025
13,766
Carrying amount
At 31 March 2025
6,884
At 31 March 2024
13,767
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
2,875
Depreciation and impairment
At 1 April 2024
2,766
Depreciation charged in the year
54
At 31 March 2025
2,820
Carrying amount
At 31 March 2025
55
At 31 March 2024
109
6
Fixed asset investments
2025
2024
£
£
Other investments other than loans
184,320
177,861
BOOK INDUSTRY COMMUNICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Fixed asset investments
(Continued)
- 11 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2024
177,861
Valuation changes
6,459
At 31 March 2025
184,320
Carrying amount
At 31 March 2025
184,320
At 31 March 2024
177,861
7
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through surplus or deficit
184,320
177,861
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Membership fees due
7,903
10,300
Other debtors
12,078
10,556
19,981
20,856
9
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
3,807
Other creditors
32,027
21,458
32,027
25,265
10
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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