Wrightsure Ins Srvs (North West) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01693417 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

WRIGHTSURE INSURANCE SERVICES

(NORTH WEST) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P A Barton-Wright

Mrs A E Barton-Wright

R D Powell

Mrs S D Plampton

Ms V J Barton-Wright

P J Hesketh

P S Rimmer

Mrs A J Powell

REGISTERED OFFICE:

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

REGISTERED NUMBER:

01693417 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,912

28,939

30,912

28,939

CURRENT ASSETS

Debtors

1,662,851

1,212,078

Cash at bank

345,119

199,505

2,007,970

1,411,583

CREDITORS

Amounts falling due within one year

1,451,182

1,037,622

NET CURRENT ASSETS

556,788

373,961

TOTAL ASSETS LESS CURRENT LIABILITIES

587,700

402,900

PROVISIONS FOR LIABILITIES

3,190

2,407

NET ASSETS

584,510

400,493

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

574,510

390,493

584,510

400,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 12 November 2019 and were signed on its behalf by:

R D Powell - Director

1.	STATUTORY INFORMATION

Wrightsure Insurance Services (North West) Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and registered office address can

be found on the Company Information page.

The company's place of business is Liverpool.

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 represents brokerage and other commissions which are taken to credit when debit or fee

notes are issued irrespective of the inception date or period of insurance. Alterations in brokerage

arising from return premiums, additional premiums or adjustments are taken into account as and when

these occur.

Other operating income

Includes bank interest received on clients funds which the company is entitled to retain.

Goodwill

Goodwill represents the amount paid in connection with the acquisition of retail brokers in both 2005

and 2013, which is amortised over its estimated life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2018 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

and 30 June 2019

432,000

AMORTISATION

At 1 July 2018

and 30 June 2019

432,000

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

-

The company's intangible assets relate to trading rights arising from the acquisitions in May 2005 and

February 2013 of retail general insurance brokers and where appropriate, their domain names.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

274,287

Additions

18,817

At 30 June 2019

293,104

DEPRECIATION

At 1 July 2018

245,348

Charge for year

16,844

At 30 June 2019

262,192

NET BOOK VALUE

At 30 June 2019

30,912

At 30 June 2018

28,939

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

37,654

36,706

Between one and five years

12,967

-

50,621

36,706

7.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Wrightsure Insurance Services (North West) Limited for the year ended

30 June 2019 which comprise the Income Statement, Abridged Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Wrightsure Insurance Services (North West) 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 profit of Wrightsure Insurance Services (North West) Limited. You consider that Wrightsure Insurance Services (North West) 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 Wrightsure Insurance Services (North West) 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 financial statements.

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

12 November 2019