| David Edwards Insurance Brokers Limited |
| Registered number: |
05055612 |
| Balance Sheet |
| as at 31 March 2018 |
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| Notes |
|
2018 |
|
2017 |
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|
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
49,483 |
|
|
53,267 |
|
| Current assets |
| Debtors |
4 |
|
196,813 |
|
|
184,913 |
| Cash at bank and in hand |
|
|
169,663 |
|
|
56,911 |
|
|
|
366,476 |
|
|
241,824 |
|
|
|
|
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(91,243) |
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|
(114,995) |
|
| Net current assets |
|
|
|
275,233 |
|
|
126,829 |
|
| Total assets less current liabilities |
|
|
|
324,716 |
|
|
180,096 |
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|
| Provisions for liabilities |
|
|
|
(9,136) |
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|
(9,797) |
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| Net assets |
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|
315,580 |
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|
170,299 |
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| Capital and reserves |
| Called up share capital |
|
|
|
100 |
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|
100 |
| Profit and loss account |
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|
315,480 |
|
|
170,199 |
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| Shareholder's funds |
|
|
|
315,580 |
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|
170,299 |
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| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
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|
| L D Edwards |
| Director |
| Approved by the board on 10 May 2018 |
|
| David Edwards Insurance Brokers Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 ( as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover comprises revenue earned from the rendering of services. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computers |
25% reducing balance |
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Fixtures fittings and equipment |
10% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
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Average number of persons employed by the company |
19 |
|
18 |
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| 3 |
Tangible fixed assets |
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|
Computers |
|
Fixtures fittings and equipment |
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Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2017 |
94,821 |
|
27,869 |
|
122,690 |
|
Additions |
5,162 |
|
2,807 |
|
7,969 |
|
At 31 March 2018 |
99,983 |
|
30,676 |
|
130,659 |
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Depreciation |
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At 1 April 2017 |
58,426 |
|
10,997 |
|
69,423 |
|
Charge for the year |
9,855 |
|
1,898 |
|
11,753 |
|
At 31 March 2018 |
68,281 |
|
12,895 |
|
81,176 |
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Net book value |
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At 31 March 2018 |
31,702 |
|
17,781 |
|
49,483 |
|
At 31 March 2017 |
36,395 |
|
16,872 |
|
53,267 |
|
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| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
154,007 |
|
155,656 |
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Amounts owed by holding company |
|
15,000 |
|
- |
|
Prepayments and accrued income |
|
12,806 |
|
14,257 |
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Other debtors |
15,000 |
|
15,000 |
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|
|
|
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|
196,813 |
|
184,913 |
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| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
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Corporation tax |
68,898 |
|
70,359 |
|
Other taxes and social security costs |
12,320 |
|
11,138 |
|
Directors loans |
1,871 |
|
23,295 |
|
Accruals and deferred income |
8,154 |
|
10,203 |
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|
91,243 |
|
114,995 |
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| 6 |
Other financial commitments |
2018 |
|
2017 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
25,562 |
|
7,837 |
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| 7 |
Controlling party |
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The company is a wholly owned subsidiary of DDL 196 Limited, a company incorporated in England and Wales. |
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| 8 |
Other information |
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David Edwards Insurance Brokers Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Rotten Row Barns |
|
1957 Warwick Road |
|
Knowle |
|
Solihull |
|
B93 0DX |
