Medical Insurance Advisory Bureau Ltd - Limited company - abbreviated - 11.9
Medical Insurance Advisory Bureau Ltd - Limited company - abbreviated - 11.9
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2015 |
| for |
| The Medical Insurance Advisory Bureau |
| Limited |
| The Medical Insurance Advisory Bureau |
| Limited (Registered number: 07217140) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| The Medical Insurance Advisory Bureau |
| Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Medical Insurance Advisory Bureau |
| Limited (Registered number: 07217140) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 31.10.15 | 31.10.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| 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 Medical Insurance Advisory Bureau |
| Limited (Registered number: 07217140) |
| Abbreviated Balance Sheet - continued |
| 31 October 2015 |
| The financial statements were approved by the Board of Directors on |
| The Medical Insurance Advisory Bureau |
| Limited (Registered number: 07217140) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| 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 brokerage fees and commissions receivable on insurance business transacted. |
| Goodwill |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| 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. |
| Operating leases |
| Rentals paid under operating leases are charged to the profit and loss account as they are incurred. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| and 31 October 2015 |
| AMORTISATION |
| At 1 November 2014 |
| Amortisation for year |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| The Medical Insurance Advisory Bureau |
| Limited (Registered number: 07217140) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 20,000 | 20,000 |
| 300,000 redeemable preference shares were issued on 26 June 2014 (note 10). These shares have no voting rights and |
| owners have the right to redemption at par after 1 January 2017. As they are redeemable these shares are held within |
| creditors over one year. |