Wheatley Wright Insurance Services Ltd - Accounts to registrar (filleted) - small 18.1

Wheatley Wright Insurance Services Ltd - Accounts to registrar (filleted) - small 18.1

WHEATLEY WRIGHT INSURANCE SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 04664478











Wheatley Wright Insurance Services
Limited

Unaudited Financial Statements

for the Year Ended 30 September 2017





Wychbury Greaves
Towers Point
Towers Business Park
Wheelhouse Road
Rugeley
Staffordshire
WS15 1UN








Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Contents of the Financial Statements
for the Year Ended 30 September 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wheatley Wright Insurance Services
Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: N T A Wright
D R Wills





SECRETARY: N T A Wright





REGISTERED OFFICE: 2 Oakberry Road Industrial Estate
Oakberry Road
Lutterworth
Leicestershire
LE17 4PP





REGISTERED NUMBER: 04664478





ACCOUNTANTS: Wychbury Greaves
Towers Point
Towers Business Park
Wheelhouse Road
Rugeley
Staffordshire
WS15 1UN
Page 1
Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Abridged Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,257 253,678
Investments 5 201 201
183,458 253,879

CURRENT ASSETS
Debtors 55,596 37,649
Cash at bank 1,415,126 1,335,009
1,470,722 1,372,658
CREDITORS
Amounts falling due within one year 380,921 396,382
NET CURRENT ASSETS 1,089,801 976,276
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,273,259
1,230,155

PROVISIONS FOR LIABILITIES 4,715 17,052
NET ASSETS 1,268,544 1,213,103

CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium 7 40,000 40,000
Retained earnings 7 1,228,444 1,173,003
SHAREHOLDERS' FUNDS 1,268,544 1,213,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Abridged Balance Sheet - continued
30 September 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 June 2018 and were signed on its behalf by:





N T A Wright - Director


The notes form part of these financial statements

Page 3
Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Notes to the Financial Statements
for the Year Ended 30 September 2017


1. STATUTORY INFORMATION

Wheatley Wright Insurance Services Limited is a private company, limited by shares , registered in Not specified/Other.
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year 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 year 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.

Page 4 continued...
Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016 458,784
Additions 7,359
Disposals (99,762 )
At 30 September 2017 366,381
DEPRECIATION
At 1 October 2016 205,106
Charge for year 51,179
Eliminated on disposal (73,161 )
At 30 September 2017 183,124
NET BOOK VALUE
At 30 September 2017 183,257
At 30 September 2016 253,678

Page 5 continued...
Wheatley Wright Insurance Services
Limited (Registered number: 04664478)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2016
and 30 September 2017 100,201
PROVISIONS
At 1 October 2016
and 30 September 2017 100,000
NET BOOK VALUE
At 30 September 2017 201
At 30 September 2016 201

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary 1 100 100

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2016 1,173,003 40,000 1,213,003
Profit for the year 857,441 857,441
Dividends (802,000 ) (802,000 )
At 30 September 2017 1,228,444 40,000 1,268,444

Page 6