| Richmond House Insurance Brokers Ltd |
| Registered number: |
01262851 |
| Balance Sheet |
| as at 30 June 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
13,230 |
|
|
25,831 |
|
| Current assets |
| Debtors |
3 |
|
877,113 |
|
|
977,987 |
| Cash at bank and in hand |
|
|
693,152 |
|
|
627,682 |
|
|
|
1,570,265 |
|
|
1,605,669 |
|
| Creditors: amounts falling due within one year |
4 |
|
(896,467) |
|
|
(1,055,419) |
|
| Net current assets |
|
|
|
673,798 |
|
|
550,250 |
|
| Net assets |
|
|
|
687,028 |
|
|
576,081 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
686,028 |
|
|
575,081 |
|
| Shareholders' funds |
|
|
|
687,028 |
|
|
576,081 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Lesley Smith |
| Director |
| Approved by the board on 13 March 2018 |
|
| Richmond House Insurance Brokers Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures & Fittings |
over 4 years |
|
Computer Equipment |
over 3 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Fixtures & Fittings |
|
Computer Equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2016 |
109,809 |
|
45,541 |
|
155,350 |
|
At 30 June 2017 |
109,809 |
|
45,541 |
|
155,350 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2016 |
90,262 |
|
39,257 |
|
129,519 |
|
Charge for the year |
8,936 |
|
3,665 |
|
12,601 |
|
At 30 June 2017 |
99,198 |
|
42,922 |
|
142,120 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
10,611 |
|
2,619 |
|
13,230 |
|
At 30 June 2016 |
19,547 |
|
6,284 |
|
25,831 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
361,383 |
|
490,290 |
|
Amounts owed by Richmond House Group Ltd (the parent company) |
|
468,303 |
|
457,899 |
|
Other debtors |
47,427 |
|
29,798 |
|
|
|
|
|
|
877,113 |
|
977,987 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
813,829 |
|
930,433 |
|
Taxation and social security costs |
57,445 |
|
40,834 |
|
Other creditors |
25,193 |
|
84,152 |
|
|
|
|
|
|
896,467 |
|
1,055,419 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
L C Smith |
|
Non-interest bearing loan |
- |
|
1,000 |
|
- |
|
1,000 |
|
|
A E Sykes |
|
Non-interest bearing loan |
- |
|
20,000 |
|
- |
|
20,000 |
|
|
|
- |
|
21,000 |
|
- |
|
21,000 |
|
|
|
|
|
|
|
|
|
|
Loans to directors are repayable on demand. These balances are included in 'Other debtors'. |
|
| 6 |
Controlling party |
|
|
The ultimate controlling party is a director, A E Sykes who controls the company's parent undertaking Richmond House Group Ltd. |
|
|
| 7 |
Other information |
|
|
Richmond House Insurance Brokers Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Premier House |
|
Argyle Way |
|
Stevenage |
|
Hertfordshire |
|
SG1 2AD |
