Drayton Insurance Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 05020457 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Drayton Insurance Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Reed

M J Reidy

D P Stamp

SECRETARY:

M J Reidy

REGISTERED OFFICE:

12 Fratton Road

Portsmouth

Hampshire

PO1 5BX

REGISTERED NUMBER:

05020457 (England and Wales)

ACCOUNTANTS:

Geoffrey N Barnes

Chartered Accountants

12 Fratton Road

Portsmouth

Hampshire

PO1 5BX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,975

2,818

1,975

2,818

CURRENT ASSETS

Debtors

18,692

16,594

Prepayments and accrued income

1,121

5,335

Cash at bank and in hand

138,425

24,529

158,238

46,458

CREDITORS

Amounts falling due within one year

(122,005

)

(11,076

)

NET CURRENT ASSETS

36,233

35,382

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,208

38,200

PROVISIONS FOR LIABILITIES

(92

)

(194

)

NET ASSETS

38,116

38,006

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

38,112

38,002

SHAREHOLDERS' FUNDS

38,116

38,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 July 2015 and were signed on its
behalf by:

P A Reed - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

48,000

AMORTISATION

At 1 April 2014

and 31 March 2015

48,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

30,145

DEPRECIATION

At 1 April 2014

27,327

Charge for year

843

At 31 March 2015

28,170

NET BOOK VALUE

At 31 March 2015

1,975

At 31 March 2014

2,818

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

200

A Ordinary Shares

0.01

2

100

B Ordinary Shares

0.01

1

100

C Ordinary Shares

0.01

1

4

Drayton Insurance Services Limited - Limited company - abbreviated - 11.6

Drayton Insurance Services Limited - Limited company - abbreviated - 11.6