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 2021

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 S Rimmer

Mrs A J Powell

P D Rudd

S Webster

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

21,116

23,602

21,116

23,602

CURRENT ASSETS

Debtors

1,533,546

1,120,537

Cash at bank

855,737

487,855

2,389,283

1,608,392

CREDITORS

Amounts falling due within one year

1,640,644

1,134,328

NET CURRENT ASSETS

748,639

474,064

TOTAL ASSETS LESS CURRENT LIABILITIES

769,755

497,666

PROVISIONS FOR LIABILITIES

1,933

2,128

NET ASSETS

767,822

495,538

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

757,822

485,538

SHAREHOLDERS' FUNDS

767,822

495,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 2021 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 28 October 2021 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 their 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 38 (2020 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

and 30 June 2021

432,000

AMORTISATION

At 1 July 2020

and 30 June 2021

432,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

-

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 2020

134,945

Additions

7,931

At 30 June 2021

142,876

DEPRECIATION

At 1 July 2020

111,343

Charge for year

10,417

At 30 June 2021

121,760

NET BOOK VALUE

At 30 June 2021

21,116

At 30 June 2020

23,602

6.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

69,051

52,341

Between one and five years

12,790

50,278

81,841

102,619

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

10,000

Ordinary

1

10,000

10,000

8.	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 2021 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

28 October 2021