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REGISTERED NUMBER: 00941267 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

FRANK L. ROSS (INSURANCE BROKERS)
LIMITED

FRANK L. ROSS (INSURANCE BROKERS)
LIMITED (REGISTERED NUMBER: 00941267)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FRANK L. ROSS (INSURANCE BROKERS)
LIMITED

COMPANY INFORMATION
for the year ended 31 October 2021







DIRECTOR: Mr M A Ross





SECRETARY: F S Secretarial Limited





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 00941267 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

FRANK L. ROSS (INSURANCE BROKERS)
LIMITED (REGISTERED NUMBER: 00941267)

ABRIDGED BALANCE SHEET
31 October 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,063 2,291

CURRENT ASSETS
Debtors 48,654 30,732
Cash at bank 3,865 3,584
52,519 34,316
CREDITORS
Amounts falling due within one year 54,083 36,027
NET CURRENT LIABILITIES (1,564 ) (1,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

499

580

PROVISIONS FOR LIABILITIES 360 396
NET ASSETS 139 184

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39 84
SHAREHOLDERS' FUNDS 139 184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

FRANK L. ROSS (INSURANCE BROKERS)
LIMITED (REGISTERED NUMBER: 00941267)

ABRIDGED BALANCE SHEET - continued
31 October 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2021 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 director and authorised for issue on 27 August 2022 and were signed by:





Mr M A Ross - Director


FRANK L. ROSS (INSURANCE BROKERS)
LIMITED (REGISTERED NUMBER: 00941267)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2021

1. STATUTORY INFORMATION

Frank L. Ross (Insurance Brokers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover represents gross fees receivable.


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 - 5% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% on reducing balance

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

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.

FRANK L. ROSS (INSURANCE BROKERS)
LIMITED (REGISTERED NUMBER: 00941267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2021

2. ACCOUNTING POLICIES - continued

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020
and 31 October 2021 34,391
DEPRECIATION
At 1 November 2020 32,100
Charge for year 228
At 31 October 2021 32,328
NET BOOK VALUE
At 31 October 2021 2,063
At 31 October 2020 2,291

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

2021 2020
£    £   
Mr M A Ross
Balance outstanding at start of year 25,347 18,992
Amounts advanced 24,186 25,347
Amounts repaid (14,555 ) (18,992 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,978 25,347