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Registered number: 00723472
International Advertising Association United KingdomChapter Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
International Advertising Association United KingdomChapter Limited
Contents
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
International Advertising Association United KingdomChapter Limited
Company Information
For The Year Ended 31 December 2024
Company Information
Director K Giordani
Company Number 00723472
Registered Office Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Accountants Wellden Turnbull Limited
Albany House Claremont Lane
Esher
Surrey
KT10 9FQ
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International Advertising Association United KingdomChapter Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 00723472
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 213 366
Tangible Assets 5 2,068 3,073
2,281 3,439
CURRENT ASSETS
Debtors 6 293,260 197,092
Cash at bank and in hand 330,229 323,055
623,489 520,147
Creditors: Amounts Falling Due Within One Year 7 (254,052 ) (119,656 )
NET CURRENT ASSETS (LIABILITIES) 369,437 400,491
TOTAL ASSETS LESS CURRENT LIABILITIES 371,718 403,930
NET ASSETS 371,718 403,930
Income and Expenditure Account 371,718 403,930
MEMBERS' FUNDS 371,718 403,930
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
K Giordani
Director
07/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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International Advertising Association United KingdomChapter Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
International Advertising Association United KingdomChapter Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00723472 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following basis:
Website development costs- 25% straight line
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
2.7. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
2.8. Pensions
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.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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International Advertising Association United KingdomChapter Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.10. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.11. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 14,415
As at 31 December 2024 14,415
Amortisation
As at 1 January 2024 14,049
Provided during the period 153
As at 31 December 2024 14,202
Net Book Value
As at 31 December 2024 213
As at 1 January 2024 366
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 230 5,237 5,467
As at 31 December 2024 230 5,237 5,467
Depreciation
As at 1 January 2024 - 2,394 2,394
Provided during the period - 1,005 1,005
As at 31 December 2024 - 3,399 3,399
Net Book Value
As at 31 December 2024 230 1,838 2,068
As at 1 January 2024 230 2,843 3,073
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International Advertising Association United KingdomChapter Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 278,248 183,650
Prepayments and accrued income 15,012 13,442
293,260 197,092
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,821 1,718
Corporation tax 212 94
Other taxes and social security 10,615 16,311
VAT 40,386 28,982
Other creditors 514 768
Accruals and deferred income 197,504 71,783
254,052 119,656
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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