Broker Insights Limited
Broker Insights Limited
Registered number: SC574407
Unaudited Financial Statements
For the Period 22 August 2017 to 31 January 2019
Finling Associates Ltd
2 Printer's Yard
90A The Broadway
London
SW19 1RD
Broker Insights Limited
Unaudited Financial Statements
For the Period 22 August 2017 to 31 January 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Broker Insights Limited
Balance Sheet
As at
31 January 2019
Balance Sheet
Registered number:
SC574407
For the period ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 January 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (220,064) | ||
Page 1
Broker Insights Limited
Balance Sheet (continued)
As at
31 January 2019
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Broker Insights Limited
Notes to the Financial Statements
For the Period 22 August 2017 to 31 January 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated discounts, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the services provided in the period being reported on.
Software platform fees
Fees for the use of the Broker Insights software platform are recognised rateably over the period of the software access licence
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 3
Broker Insights Limited
Notes to the Financial Statements (continued)
For the Period 22 August 2017 to 31 January 2019
4.
Debtors
| Period to 31 January 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| Period to 31 January 2019 | |
|---|---|
| £ | |
| Trade creditors |
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| Other taxes and social security |
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| Other creditors |
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| Accruals and deferred income |
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Other creditors includes the total of repayments falling due within one year, being £24,733, on an interest-free loan of £43,800 from Scottish Edge.
6.
Creditors: Amounts Falling Due After More Than One Year
| Period to 31 January 2019 | |
|---|---|
| £ | |
| Other creditors |
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The balance of £19,067 represents the total repayments falling due on an interest free loan from Scottish Edge after more than one year. The total amount of the loan outstanding at the balance sheet date is £43,800. The repayments falling due within one year, amounting to £24,733, are shown in other creditors: amounts falling due within one year.
Page 4
Broker Insights Limited
Notes to the Financial Statements (continued)
For the Period 22 August 2017 to 31 January 2019
8.
General Information
Broker Insights Limited is a private company, limited by shares, incorporated in Scotland, registered number SC574407 . The registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ.
Page 5