IRIS Accounts Production v18.3.0.590 07261875 director 1.6.17 31.5.18 31.5.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure072618752017-05-31072618752018-05-31072618752017-06-012018-05-31072618752016-05-31072618752016-06-012017-05-31072618752017-05-3107261875ns15:EnglandWales2017-06-012018-05-3107261875ns14:PoundSterling2017-06-012018-05-3107261875ns10:Director12017-06-012018-05-3107261875ns10:PrivateLimitedCompanyLtd2017-06-012018-05-3107261875ns10:SmallEntities2017-06-012018-05-3107261875ns10:AuditExempt-NoAccountantsReport2017-06-012018-05-3107261875ns10:SmallCompaniesRegimeForDirectorsReport2017-06-012018-05-3107261875ns10:SmallCompaniesRegimeForAccounts2017-06-012018-05-3107261875ns10:FullAccounts2017-06-012018-05-310726187512017-06-012018-05-3107261875ns10:CompanySecretary12017-06-012018-05-3107261875ns10:RegisteredOffice2017-06-012018-05-3107261875ns5:CurrentFinancialInstruments2018-05-3107261875ns5:CurrentFinancialInstruments2017-05-3107261875ns5:Non-currentFinancialInstruments2018-05-3107261875ns5:Non-currentFinancialInstruments2017-05-3107261875ns5:ShareCapital2018-05-3107261875ns5:ShareCapital2017-05-3107261875ns5:RetainedEarningsAccumulatedLosses2018-05-3107261875ns5:RetainedEarningsAccumulatedLosses2017-05-3107261875ns5:IntangibleAssetsOtherThanGoodwill2017-06-012018-05-3107261875ns5:ComputerSoftware2017-06-012018-05-3107261875ns5:LeaseholdImprovements2017-06-012018-05-3107261875ns5:FurnitureFittings2017-06-012018-05-3107261875ns5:ComputerEquipment2017-06-012018-05-3107261875ns5:IntangibleAssetsOtherThanGoodwill2017-05-3107261875ns5:IntangibleAssetsOtherThanGoodwill2018-05-3107261875ns5:IntangibleAssetsOtherThanGoodwill2017-05-3107261875ns5:LeaseholdImprovements2017-05-3107261875ns5:FurnitureFittings2017-05-3107261875ns5:ComputerEquipment2017-05-3107261875ns5:LeaseholdImprovements2018-05-3107261875ns5:FurnitureFittings2018-05-3107261875ns5:ComputerEquipment2018-05-3107261875ns5:LeaseholdImprovements2017-05-3107261875ns5:FurnitureFittings2017-05-3107261875ns5:ComputerEquipment2017-05-3107261875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-05-3107261875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-3107261875ns10:Director112017-05-3107261875ns10:Director112016-05-3107261875ns10:Director112017-06-012018-05-3107261875ns10:Director112016-06-012017-05-3107261875ns10:Director112018-05-3107261875ns10:Director112017-05-31


REGISTERED NUMBER: 07261875 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

ORGANIC INSURANCE LIMITED

ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORGANIC INSURANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2018







DIRECTOR: C I Knight





SECRETARY: C I Knight





REGISTERED OFFICE: One Cathedral Square
Blackburn
Lancashire
BB1 1EX





REGISTERED NUMBER: 07261875 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

BALANCE SHEET
31ST MAY 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 115 248
Tangible assets 5 146,042 4,818
146,157 5,066

CURRENT ASSETS
Debtors 6 195,352 334,487
Cash at bank 1,856 3,453
197,208 337,940
CREDITORS
Amounts falling due within one year 7 128,477 222,827
NET CURRENT ASSETS 68,731 115,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,888

120,179

CREDITORS
Amounts falling due after more than one
year

8

(114,008

)

(107,761

)

PROVISIONS FOR LIABILITIES (20,608 ) -
NET ASSETS 80,272 12,418

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,172 12,318
SHAREHOLDERS' FUNDS 80,272 12,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

BALANCE SHEET - continued
31ST MAY 2018


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 director on 13th November 2018 and were signed by:





C I Knight - Director


ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2018


1. STATUTORY INFORMATION

Organic Insurance 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.

Turnover
Turnover is the total amount receivable by the company for broking commissions and fees. Income is taken to
profit when the insured is debited, or in the case of renewal commission when it is received.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Assets are depreciated in the first full 12 months after acquisition.

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.

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.

ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st June 2017
and 31st May 2018 400
AMORTISATION
At 1st June 2017 152
Charge for year 133
At 31st May 2018 285
NET BOOK VALUE
At 31st May 2018 115
At 31st May 2017 248

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st June 2017 - 500 8,238 8,738
Additions 46,250 85,015 10,541 141,806
At 31st May 2018 46,250 85,515 18,779 150,544
DEPRECIATION
At 1st June 2017 - 75 3,845 3,920
Charge for year - 99 483 582
At 31st May 2018 - 174 4,328 4,502
NET BOOK VALUE
At 31st May 2018 46,250 85,341 14,451 146,042
At 31st May 2017 - 425 4,393 4,818

ORGANIC INSURANCE LIMITED (REGISTERED NUMBER: 07261875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 70,350 8,900
Other debtors 125,002 325,587
195,352 334,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Bank loans and overdrafts 12,906 8,257
Trade creditors 21,913 20,348
Taxation and social security 12,108 6,946
Other creditors 81,550 187,276
128,477 222,827

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.18 31.5.17
£    £   
Other creditors 114,008 107,761

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2018 and
31st May 2017:

31.5.18 31.5.17
£    £   
C I Knight
Balance outstanding at start of year 72,615 17,481
Amounts advanced - 55,134
Amounts repaid (72,615 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 72,615

These loans are interest free, unsecured and are repayable on demand.