Apex Insurance Brokers Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07014570 (England and Wales)

Abridged Financial Statements for the Year Ended 30 September 2022

for

APEX INSURANCE BROKERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

MN Bartlett

TG Roche

REGISTERED OFFICE:

5 Anglo Office Park

Bristol

BS15 1NT

REGISTERED NUMBER:

07014570 (England and Wales)

ACCOUNTANTS:

West Country Accounting Services Limited

Chartered Accountants

BS15 1NT

FIXED ASSETS

Tangible assets

4

180,577

178,348

CURRENT ASSETS

Debtors

346,823

213,332

Cash at bank

37,646

93,813

384,469

307,145

CREDITORS

Amounts falling due within one year

338,101

213,814

NET CURRENT ASSETS

46,368

93,331

TOTAL ASSETS LESS CURRENT LIABILITIES

226,945

271,679

CREDITORS

Amounts falling due after more than one year

5

19,238

54,463

NET ASSETS

207,707

217,216

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

6

197,707

207,216

SHAREHOLDERS' FUNDS

207,707

217,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 January 2023 and were signed on its behalf by:

MN Bartlett - Director

TG Roche - Director

1.	STATUTORY INFORMATION

Apex Insurance Brokers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2021

217,440

Additions

19,338

At 30 September 2022

236,778

DEPRECIATION

At 1 October 2021

39,092

Charge for year

17,109

At 30 September 2022

56,201

NET BOOK VALUE

At 30 September 2022

180,577

At 30 September 2021

178,348

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

£

£

Repayable by instalments

Other loans more 5yrs instal

(17,999

)

8,012

6.

RESERVES

Retained

earnings

£

At 1 October 2021

207,216

Profit for the year

200,491

Dividends

(210,000

)

At 30 September 2022

197,707