Poole Martin Limited - Accounts to registrar - small 17.2

Poole Martin Limited - Accounts to registrar - small 17.2

POOLE MARTIN LIMITED - Company Information

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REGISTERED NUMBER: 01156348 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Poole Martin Limited

Poole Martin Limited (Registered number: 01156348)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Poole Martin Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: A H Bollen
R Evans



SECRETARY: R Evans



REGISTERED OFFICE: 8 Elmdale Road
Clifton
Bristol
BS8 1SL



REGISTERED NUMBER: 01156348 (England and Wales)



BANKERS: Lloyds TSB Bank plc
58 Queens Road
Clifton
Bristol
BS8 1RQ
Page 1
Poole Martin Limited (Registered number: 01156348)

Balance Sheet
31 December 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 4 809,866 923,990
Cash at bank 510,487 416,912
1,320,353 1,340,902
CREDITORS
Amounts falling due within one year 5 1,239,716 1,264,655
NET CURRENT ASSETS 80,637 76,247
TOTAL ASSETS LESS CURRENT
LIABILITIES
80,637
76,247

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,537 76,147
SHAREHOLDERS' FUNDS 80,637 76,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf
by:




A H Bollen - Director



R Evans - Director


The notes form part of these financial statements

Page 2
Poole Martin Limited (Registered number: 01156348)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Poole Martin Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover consists of commissions on premiums and fees received during the year which are recognised in
accordance with the insurers' terms of business. In general the company recognises commission due when
clients' insurance policies are placed on risk by the insurance companies.

Net premium adjustments
Adjustments are made annually to recognise debtors (net of commissions) due from customers and the
corresponding liability due to insurers for policies commencing within the period. A corresponding adjustment is
made to exclude debtor and creditor balances for policies commencing after the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 186,476 222,754
Amounts owed by group undertakings - 46,739
Other debtors 623,390 654,497
809,866 923,990

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 950,220 1,063,049
Amounts owed to group undertakings 88,852 -
Tax 1,098 5,885
Other creditors 199,546 195,721
1,239,716 1,264,655

6. POST BALANCE SHEET EVENTS

In February 2017, the general insurance business of the company was sold.

7. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by AH Bollen and R Evans.

Page 3 continued...
Poole Martin Limited (Registered number: 01156348)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. FIRST YEAR ADOPTION

The year ended 31 December 2016 is the first year of adoption of FRS 102, section 1A - The Financial
Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 ("FRS 102
section 1A")

There are no adjustments arising on transition to FRS 102, section 1A.


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