A.E. Russell (Insurances) Ltd. Filleted accounts for Companies House (small and micro)

A.E. RUSSELL (INSURANCES) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 00685922

A.E. Russell (Insurances) Ltd.

Filleted Unaudited Abridged Financial Statements

31 October 2021

A.E. Russell (Insurances) Ltd.

Abridged Statement of Financial Position

31 October 2021

	2021		2020
Note	£	£	£

Current assets

Cash at bank and in hand	103,998		153,200

Creditors: amounts falling due within one year	873		22,393
	---------		---------
Net current assets		103,125	130,807
		---------	---------
Total assets less current liabilities		103,125	130,807
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	102,925	130,607
	---------	---------
Shareholders funds	103,125	130,807
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 21 January 2022 , and are signed on behalf of the board by:

Mr M Astfalck
Director

Company registration number: 00685922

A.E. Russell (Insurances) Ltd.

Notes to the Abridged Financial Statements

Year ended 31 October 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Queen Victoria Road, Coventry, CV1 3JH.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2020: 1 ).

5. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M Astfalck	( 93)	–	( 93)
	----	----	----

	2020
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M Astfalck	( 18,323)	18,230	( 93)
	--------	--------	----

6. Related party transactions

The company was under the control of Mr M Astfalck throughout the current and previous year. Mr M Astfalck is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.