| COUNTY INSURANCE AGENCIES LIMITED |
| Registered number: |
03718855 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
64,428 |
|
|
90,850 |
| Tangible assets |
4 |
|
|
15,302 |
|
|
29,802 |
|
|
|
|
79,730 |
|
|
120,652 |
|
| Current assets |
| Debtors |
5 |
|
517,667 |
|
|
428,587 |
| Cash at bank and in hand |
|
|
849,265 |
|
|
621,073 |
|
|
|
1,366,932 |
|
|
1,049,660 |
|
| Creditors: amounts falling due within one year |
6 |
|
(576,745) |
|
|
(478,648) |
|
| #NAME? |
|
|
|
790,187 |
|
|
571,012 |
|
| Total assets less current liabilities |
|
|
|
869,917 |
|
|
691,664 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(21,667) |
|
|
(31,667) |
|
|
|
| #NAME? |
|
|
|
848,250 |
|
|
659,997 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
21,220 |
|
|
21,220 |
| Profit and loss account |
|
|
|
826,030 |
|
|
637,777 |
|
| Shareholders' funds |
|
|
|
848,250 |
|
|
659,997 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| H D Thakker |
| Director |
| Approved by the board on 20 November 2023 |
|
| COUNTY INSURANCE AGENCIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and equipment |
over 4 years |
|
Motor vehicle |
over 4 years |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2022 |
349,347 |
|
At 31 March 2023 |
349,347 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2022 |
258,497 |
|
Provided during the year |
26,422 |
|
At 31 March 2023 |
284,919 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
64,428 |
|
At 31 March 2022 |
90,850 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
90,577 |
|
60,500 |
|
151,077 |
|
Additions |
3,114 |
|
- |
|
3,114 |
|
At 31 March 2023 |
93,691 |
|
60,500 |
|
154,191 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
87,244 |
|
34,031 |
|
121,275 |
|
Charge for the year |
2,489 |
|
15,125 |
|
17,614 |
|
At 31 March 2023 |
89,733 |
|
49,156 |
|
138,889 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
3,958 |
|
11,344 |
|
15,302 |
|
At 31 March 2022 |
3,333 |
|
26,469 |
|
29,802 |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
262,845 |
|
200,490 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
245,001 |
|
212,001 |
|
Other debtors |
9,821 |
|
16,096 |
|
|
|
|
|
|
517,667 |
|
428,587 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Trade creditors |
435,213 |
|
338,273 |
|
Corporation tax |
|
|
|
|
103,218 |
|
98,270 |
|
Taxation and social security costs |
3,078 |
|
3,095 |
|
Other creditors |
25,236 |
|
29,010 |
|
|
|
|
|
|
576,745 |
|
478,648 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
21,667 |
|
31,667 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Premises rental paid to an entity associated with the director was £6,492 (2022: £6,492). |
|
|
| 9 |
Controlling party |
|
|
The immediate parent company is County Holdings (2018) Ltd, a company incorporated in England. The ultimate controlling parties are Mr H D and Mrs C H Thakker. |
|
|
| 10 |
Other information |
|
|
COUNTY INSURANCE AGENCIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Compton House |
|
20(b) Selsdon Road |
|
South Croydon |
|
Surrey |
|
CR2 6PA |
