Company Registration No. 05029756 (England and Wales)
Burgess Insurance Services Limited
Unaudited accounts
for the year ended 31 March 2023
Burgess Insurance Services Limited
Unaudited accounts
Contents
Burgess Insurance Services Limited
Company Information
for the year ended 31 March 2023
Director
Andrew Charles Grant
Secretary
Miss Ursula Ross
Company Number
05029756 (England and Wales)
Registered Office
South Lodge
Faygate Lane
Faygate
West Sussex
RH12 4SJ
United Kingdom
Accountants
DB Accountancy Ltd
15 Owlscastle Close
Horsham
West Sussex
RH12 5YA
Burgess Insurance Services Limited
Statement of financial position
as at 31 March 2023
Intangible assets
83,672
83,672
Tangible assets
2,284
1,835
Cash at bank and in hand
82,612
100,404
Creditors: amounts falling due within one year
(62,065)
(87,389)
Net current assets
25,677
18,665
Total assets less current liabilities
111,633
104,172
Creditors: amounts falling due after more than one year
(71,523)
(75,122)
Called up share capital
2
2
Profit and loss account
40,108
29,048
Shareholders' funds
40,110
29,050
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2024 and were signed on its behalf by
Andrew Charles Grant
Director
Company Registration No. 05029756
Burgess Insurance Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Burgess Insurance Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05029756. The registered office is South Lodge, Faygate Lane, Faygate, West Sussex, RH12 4SJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Burgess Insurance Services Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
8,169
12,221
20,390
At 31 March 2023
8,169
13,321
21,490
At 1 April 2022
7,340
11,215
18,555
Charge for the year
124
527
651
At 31 March 2023
7,464
11,742
19,206
At 31 March 2023
705
1,579
2,284
At 31 March 2022
829
1,006
1,835
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,216
5,324
Trade creditors
51,525
72,354
Taxes and social security
3,145
5,626
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
60,137
58,998
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
