The Policy Company Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04467732 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2016 TO 31 DECEMBER 2016

FOR

THE POLICY COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Z Nazarali

D Hiridjee

REGISTERED OFFICE:

Northwood House

138 Bromham Road

Bedford

Bedfordshire

MK40 2QW

REGISTERED NUMBER:

04467732 (England and Wales)

ACCOUNTANTS:

Garner Associates LLP

Chartered Certified Accountants

Northwood House

138 Bromham Road

Bedford

Bedfordshire

MK40 2QW

CURRENT ASSETS

Debtors

4

38,278

9,777

Cash at bank

2,359

13,859

40,637

23,636

CREDITORS

Amounts falling due within one year

5

41,032

47,403

NET CURRENT LIABILITIES

(395

)

(23,767

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(395

)

(23,767

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(396

)

(23,768

)

SHAREHOLDERS' FUNDS

(395

)

(23,767

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 22 December 2017 and were signed on its behalf by:

Z Nazarali - Director

1.	STATUTORY INFORMATION

The Policy Company 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.

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.

The Accounts have been prepared on a going concern basis. The plans of the Directors indicate that the

company will return to profitability in the foreseeable future.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Products sold on an annual basis are

taken to the Profit & Loss Account on a pro rata basis.

Tangible fixed assets

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2016 - 1 ) .

4.

DEBTORS

31.12.16

29.2.16

£

£

Amounts falling due within one year:

Trade debtors

2,215

2,327

Amounts owed by group undertakings

35,000

-

Other debtors

-

480

37,215

2,807

Amounts falling due after more than one year:

Other debtors

1,063

6,970

Aggregate amounts

38,278

9,777

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

29.2.16

£

£

Trade creditors

-

568

Taxation and social security

806

3,579

Other creditors

40,226

43,256

41,032

47,403

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Simplify Group Limited (reg no10003481 in England and Wales).

The ultimate controlling party is Simplify Group Limited.