Hills Insurance Services Ltd - Accounts to registrar (filleted) - small 18.2
Hills Insurance Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| FOR |
| HILLS INSURANCE SERVICES LTD |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| HILLS INSURANCE SERVICES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 11 Point Street |
| Larne |
| BT40 1HY |
| BANKERS: |
| PO Box 250 |
| Skelmersdale |
| WN8 6WT |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| BALANCE SHEET |
| 5 APRIL 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| 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. |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| BALANCE SHEET - continued |
| 5 APRIL 2022 |
| 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 |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| 1. | STATUTORY INFORMATION |
| Hills Insurance Services Ltd is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention as modified by fair value accounting for Investments. |
| Commissions |
| Commissions and fees for independent financial advice are accounted for on an earnings basis. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 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 scheme. Contributions are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Investments held as current assets are stated at fair value and any movement is recognised in the profit and loss account . |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2021 |
| Disposals | ( |
) | ( |
) |
| At 5 April 2022 |
| DEPRECIATION |
| At 6 April 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 5 April 2022 |
| NET BOOK VALUE |
| At 5 April 2022 |
| At 5 April 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 2022 | 2021 |
| £ | £ |
| Other |
| Investments are shown at fair value at 5 April 2021. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2022 |
| 9. | CONTINGENT LIABILITIES |
| There are no contingent liabilities at the year end. |
| 10. | CAPITAL COMMITMENTS |
| There are no major commitments either contracted or authorised but not contracted. |
| 11. | POST BALANCE SHEET EVENTS |
| There are no post balance sheet events which require provision and which have not already been reflected in the financial statements. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is a wholly owned subsidiary of Hills Financial Planning Group Ltd whose registered office address is 19 Main Street, Larne BT40 1JQ. |