Abbreviated Company Accounts - PORTCULLIS INSURANCE BROKERS LIMITED

PORTCULLIS INSURANCE BROKERS LIMITED - Company Information

07281203 PORTCULLIS INSURANCE BROKERS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07281203 2014-01-01 2014-12-31 07281203 2014-12-31 07281203 2013-12-31 07281203 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07281203 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07281203

PORTCULLIS INSURANCE BROKERS LIMITED

Abbreviated Accounts

31 December 2014

PORTCULLIS INSURANCE BROKERS LIMITED Registered Number 07281203

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Current assets
Debtors		143,339	151,037
Cash at bank and in hand		32,235	7,063
		175,574	158,100
Creditors: amounts falling due within one year		(97,698)	(66,143)
Net current assets (liabilities)		77,876	91,957
Total assets less current liabilities		77,876	91,957
Creditors: amounts falling due after more than one year		(57,500)	(15,000)
Total net assets (liabilities)		20,376	76,957
Capital and reserves
Called up share capital	2	870,000	870,000
Profit and loss account		(849,624)	(793,043)
Shareholders' funds		20,376	76,957

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 September 2015

And signed on their behalf by:
Mr D Ashton, Director

PORTCULLIS INSURANCE BROKERS LIMITED Registered Number 07281203

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of products and services to customers.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Fixtures and fittings 20% straight line basis
Office equipment 33.3% straight line basis

Other accounting policies
Going Concern
The financial statements have been prepared on a going concern basis, as the directors believe that the company will achieve a profit in the short term, and will continue to support the company.

Hire purchase and leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
870,000 Ordinary shares of £1 each	870,000	870,000