Bond Insurance Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05495831 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

BOND INSURANCE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M Georgiades

Mr S Constantinou

Ms E Southwell

SECRETARY:

Mr M Georgiades

REGISTERED OFFICE:

Salisbury House

South Wing

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

05495831 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

2

11,881

19,384

Tangible assets

3

1,343

1,616

13,224

21,000

CURRENT ASSETS

Debtors

215,669

288,908

Cash at bank

260,651

248,270

476,320

537,178

CREDITORS

Amounts falling due within one year

322,706

407,232

NET CURRENT ASSETS

153,614

129,946

TOTAL ASSETS LESS CURRENT LIABILITIES

166,838

150,946

CAPITAL AND RESERVES

Called up share capital

4

70,000

70,000

Profit and loss account

96,838

80,946

SHAREHOLDERS' FUNDS

166,838

150,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 January 2016 and were signed on its behalf by:

Mr M Georgiades - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents fees and commissions receivable on its principal activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business client list in November 2013, is

being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

22,510

AMORTISATION

At 1 May 2014

3,126

Amortisation for year

7,503

At 30 April 2015

10,629

NET BOOK VALUE

At 30 April 2015

11,881

At 30 April 2014

19,384

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

6,855

Additions

1,047

At 30 April 2015

7,902

DEPRECIATION

At 1 May 2014

5,239

Charge for year

1,320

At 30 April 2015

6,559

NET BOOK VALUE

At 30 April 2015

1,343

At 30 April 2014

1,616

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

70,000

Ordinary

£1

70,000

70,000

5.	ULTIMATE CONTROLLING PARTY