Cleddau Insurance Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06542667 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

CLEDDAU INSURANCE SERVICES LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M North

Mr E H Page

REGISTERED OFFICE:

54 High Street

Neyland

Milford Haven

Pembrokeshire

SA73 1TF

REGISTERED NUMBER:

06542667 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Intangible assets

5

33,606

43,921

Property, plant and equipment

6

18,658

22,928

52,264

66,849

CURRENT ASSETS

Debtors

589,637

514,109

Cash at bank

222,489

262,716

812,126

776,825

CREDITORS

Amounts falling due within one year

263,959

272,406

NET CURRENT ASSETS

548,167

504,419

TOTAL ASSETS LESS CURRENT LIABILITIES

600,431

571,268

CAPITAL AND RESERVES

Called up share capital

56,000

56,000

Retained earnings

544,431

515,268

SHAREHOLDERS' FUNDS

600,431

571,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Statement of Financial Position for the year ended 31 March 2020 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 and authorised for issue on 3 August 2020 and were signed on its behalf by:

Mr A M North - Director

1.	STATUTORY INFORMATION

Cleddau Insurance Services 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the Companies Act 2006 and with the

applicable Accounting Standards. The directors are not aware of any material uncertainties in making their

assessment of going concern. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised

evenly over its estimated useful life.

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.

Property, plant and equipment

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Income recognition

The company's turnover represents commissions. The company recognises income as soon as clients provider

has completed the contract.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2019 - 19 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

103,148

AMORTISATION

At 1 April 2019

59,227

Amortisation for year

10,315

At 31 March 2020

69,542

NET BOOK VALUE

At 31 March 2020

33,606

At 31 March 2019

43,921

6.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2019

68,284

Additions

1,448

At 31 March 2020

69,732

DEPRECIATION

At 1 April 2019

45,356

Charge for year

5,718

At 31 March 2020

51,074

NET BOOK VALUE

At 31 March 2020

18,658

At 31 March 2019

22,928

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed to directors subsisted during the years ended 31 March 2020 and

31 March 2019:

2020

2019

£

£

Mr A M North and Mr E H Page

Balance outstanding at start of year

54,885

28,086

Amounts advanced

-

26,799

Amounts repaid

(54,885

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

54,885

8.	ULTIMATE PARENT COMPANY

Cleddau Holdings Limited is the ultimate parent company by virtue of its 100% shareholding.