DALE_INSURANCE_SERVICES_L - Accounts

DALE INSURANCE SERVICES LIMITED - Company Information

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Company Registration No. 02163272 (England and Wales)

DALE INSURANCE SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

DALE INSURANCE SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DALE INSURANCE SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

427

658

Current assets

Debtors

49,965

2,930

Cash at bank and in hand

91,030

41,445

140,995

44,375

Creditors: amounts falling due within one year

(24,415)

(15,453)

Net current assets

116,580

28,922

Total assets less current liabilities

117,007

29,580

Capital and reserves

Called up share capital

100

Profit and loss account

116,907

29,480

Shareholders' funds

117,007

29,580

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2014

Kathryn Anne Kay

Director

Company Registration No. 02163272

DALE INSURANCE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents commission earned from insurance broking services.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on cost

Fixtures, fittings & equipment

15% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

4,527

Depreciation

At 1 January 2013

3,869

Charge for the year

231

At 31 December 2013

4,100

Net book value

At 31 December 2013

427

At 31 December 2012

658

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

DALE INSURANCE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Related party relationships and transactions

Loans (to) / from directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Kathryn Anne Kay

3,925

15,925

(12,000)

3,925

15,925

(12,000)