Binfield Commercial Ins Brokers Ltd - Limited company - abbreviated - 11.0.0

Binfield Commercial Ins Brokers Ltd - Limited company - abbreviated - 11.0.0

BINFIELD INSURANCE BROKERS LTD - Company Information

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REGISTERED NUMBER: 04107395 (England and Wales)









Abbreviated Accounts

for the Year Ended 31 December 2013

for

Binfield Commercial Insurance
Brokers Ltd

Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Binfield Commercial Insurance
Brokers Ltd

Company Information
for the Year Ended 31 December 2013







DIRECTOR: P Binfield





REGISTERED OFFICE: James House
153 Grosvenor Road
Aldershot
Hampshire
GU11 3EF





REGISTERED NUMBER: 04107395 (England and Wales)





ACCOUNTANTS: Perrin & Co
James House
153 Grosvenor Road
Aldershot
Hampshire
GU11 3EF
Page 1
Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Abbreviated Balance Sheet
31 December 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 8,325 11,100
Tangible assets 3 8,874 10,005
17,199 21,105

CURRENT ASSETS
Debtors 106,387 132,122
Cash at bank 92,612 71,607
198,999 203,729
CREDITORS
Amounts falling due within one year 215,279 217,018
NET CURRENT LIABILITIES (16,280 ) (13,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
919
7,816

CREDITORS
Amounts falling due after more than one
year
756
7,436
NET ASSETS 163 380

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 27,750 27,750
Profit and loss account (27,687 ) (27,470 )
SHAREHOLDERS' FUNDS 163 380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 September 2014 and were signed by:





P Binfield - Director


The notes form part of these abbreviated accounts

Page 2
Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2013

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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 January 2013
and 31 December 2013 27,750
AMORTISATION
At 1 January 2013 16,650
Amortisation for year 2,775
At 31 December 2013 19,425
NET BOOK VALUE

At 31 December 2013 8,325
At 31 December 2012 11,100

Page 3 continued...
Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 21,770
Additions 1,826
At 31 December 2013 23,596
DEPRECIATION
At 1 January 2013 11,765
Charge for year 2,957
At 31 December 2013 14,722
NET BOOK VALUE
At 31 December 2013 8,874
At 31 December 2012 10,005

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
100 Ordinary £1 100 100

Page 4