The Policy Store Limited - Accounts to registrar (filleted) - small 18.2
The Policy Store Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 June 2020 to 1 June 2021 |
| for |
| THE POLICY STORE LIMITED |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Contents of the Financial Statements |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE POLICY STORE LIMITED |
| Company Information |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Thistledown Barn |
| Holcot Lane |
| Sywell |
| Northampton |
| Northamptonshire |
| NN6 0BG |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Balance Sheet |
| 1 JUNE 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| 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 |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| 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. |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Balance Sheet - continued |
| 1 JUNE 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Notes to the Financial Statements |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| 1. | STATUTORY INFORMATION |
| The Policy Store Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents commissions receivable in the year minus a provision for potential policy clawbacks. |
| Intangible asset |
| Website development is being amortised over it's estimated useful life of three years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Office equipment | - |
| Government grants |
| During the period, the Company has received government support. The relevant accounting policy is set out below. |
| A government grant is recognised in the balance sheet within other receivables when there is reasonable assurance that it will be received and that the Group/Company will comply with the conditions attached to it. Grants are recognised within other income in the income statement at a point in time to match the timing of recognition of the related expenses they are intended to compensate. Refer to Note 3 for details of government grants and support received in the period. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Notes to the Financial Statements - continued |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| 3. | EMPLOYEES |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Website |
| development |
| £ |
| COST |
| At 1 June 2020 |
| Additions |
| At 1 June 2021 |
| AMORTISATION |
| At 1 June 2020 |
| Amortisation for period |
| At 1 June 2021 |
| NET BOOK VALUE |
| At 1 June 2021 |
| At 31 May 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Office |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2020 |
| Additions |
| At 1 June 2021 |
| DEPRECIATION |
| At 1 June 2020 |
| Charge for period |
| At 1 June 2021 |
| NET BOOK VALUE |
| At 1 June 2021 |
| At 31 May 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Notes to the Financial Statements - continued |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| 7. | CURRENT ASSET INVESTMENTS |
| 2021 | 2020 |
| £ | £ |
| Shares in group undertakings |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| THE POLICY STORE LIMITED (REGISTERED NUMBER: 07205232) |
| Notes to the Financial Statements - continued |
| for the period 1 JUNE 2020 TO 1 JUNE 2021 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 1 June 2021 and the year ended 31 May 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) |