MEDICAL_INSURANCE_QUOTATI - Accounts

MEDICAL INSURANCE QUOTATION SERVICES LIMITED - Company Information

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Company Registration No. 05884316 (England and Wales)

MEDICAL INSURANCE QUOTATION SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

MEDICAL INSURANCE QUOTATION SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MEDICAL INSURANCE QUOTATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Investments

1,875,000

Current assets

Debtors

189,904

Cash at bank and in hand

3,649

6,113

193,553

6,113

Creditors: amounts falling due within one year

(423,694)

(381,561)

Net current liabilities

(230,141)

(375,448)

Total assets less current liabilities

1,644,859

1,499,552

Capital and reserves

Called up share capital

937,600

Profit and loss account

707,259

561,952

Shareholders' funds

1,644,859

1,499,552

For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 August 2014

Mr D J Collinge

Director

Company Registration No. 05884316

MEDICAL INSURANCE QUOTATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 December 2012 & at 30 November 2013

1,875,000

At 30 November 2012

1,875,000

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

SMQ Services Limited

England and Wales

Ordinary

100.00

MEDICAL INSURANCE QUOTATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2013

Principal activity

SMQ Services Limited

Private Health Insurance Services

3,821

94,662

Share capital

2013

2012

Allotted, called up and fully paid

937,600 Ordinary shares of £1 each

937,600