Colmore Insurance Brokers Ltd - Accounts to registrar (filleted) - small 18.2
Colmore Insurance Brokers Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 |
| FOR |
| COLMORE INSURANCE BROKERS LTD |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| COLMORE INSURANCE BROKERS LTD |
| COMPANY INFORMATION |
| for the Year Ended 31st December 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16 Hennals Avenue |
| Webheath |
| Redditch |
| Worcestershire |
| B97 5RX |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| BALANCE SHEET |
| 31st December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| BALANCE SHEET - continued |
| 31st December 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2021 |
| 1. | STATUTORY INFORMATION |
| Colmore Insurance Brokers Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost less any provision for impairment. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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. |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2021 |
| Additions |
| At 31st December 2021 |
| DEPRECIATION |
| At 1st January 2021 |
| Charge for year |
| At 31st December 2021 |
| NET BOOK VALUE |
| At 31st December 2021 |
| At 31st December 2020 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate |
| £ |
| COST |
| At 1st January 2021 |
| and 31st December 2021 |
| PROVISIONS |
| At 1st January 2021 | 81,957 |
| Provision for year | 27,319 |
| At 31st December 2021 | 109,276 |
| NET BOOK VALUE |
| At 31st December 2021 |
| At 31st December 2020 |
| COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Directors' loan accounts | 126,340 | 11,119 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | - | 50,581 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other loans - 1-2 years | 69,792 | 125,852 |
| Other loans - 2-5 years | 175,000 | 233,152 |
| Other creditors |
| 9. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1st January 2021 |
| Provided during year | ( |
) |
| Balance at 31st December 2021 |