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REGISTERED NUMBER: 03914955 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Callaway & Sons Insurance Consultants
Limited

Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Callaway & Sons Insurance Consultants
Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J O D Callaway
R P Harrison





REGISTERED OFFICE: 56 New Writtle Street
Chelmsford
Essex
CM2 0SE





REGISTERED NUMBER: 03914955 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,622 7,252
Investments 5 3,500 3,500
9,122 10,752

CURRENT ASSETS
Debtors 6 23,199 24,741
Cash at bank 7 422,080 617,084
445,279 641,825
CREDITORS
Amounts falling due within one year 8 341,304 446,859
NET CURRENT ASSETS 103,975 194,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,097

205,718

PROVISIONS FOR LIABILITIES 900 1,200
NET ASSETS 112,197 204,518

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 111,197 203,518
SHAREHOLDERS' FUNDS 112,197 204,518

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

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

Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)

Balance Sheet - continued
31 December 2021


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

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 and authorised for issue on 7 September 2022 and were signed on its behalf by:





J O D Callaway - Director


Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Callaway & Sons Insurance Consultants 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 (£).


The company is part of a group.

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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Turnover
Turnover represents commissions and fees received from insurance broking activities. Commission is not taken until the insurance company is paid, to comply with FCA CASS Rules.

The balance of insurance premiums due to the company at the year end are not included as debtors on the basis they are not classed as financial assets under FRS102. Premiums received from clients, but not paid to insurance companies at the year end are included as creditors.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each assets over its estimated useful life:

- Plant and machinery etc - 33% on cost and 25% on reducing balance

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade and other creditors, and loans from group undertakings.

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.


Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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 makes contributions to defined contribution pension schemes for certain members of its senior employees. The funds of the scheme are administered by Trustees and are separate from the company. The pension charge represents contributions payable by the company for the year. The company's liability is limited to the amount of the contributions.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2020 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 34,798
Additions 2,141
Disposals (1,204 )
At 31 December 2021 35,735
DEPRECIATION
At 1 January 2021 27,546
Charge for year 3,771
Eliminated on disposal (1,204 )
At 31 December 2021 30,113
NET BOOK VALUE
At 31 December 2021 5,622
At 31 December 2020 7,252

Callaway & Sons Insurance Consultants
Limited (Registered number: 03914955)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 3,500
NET BOOK VALUE
At 31 December 2021 3,500
At 31 December 2020 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 23,199 24,741

7. CASH AT BANK

The year end balance is made up as follows:
2021 2020
£ £
Client Bank Accounts 262,632 340,519
Office Bank Accounts 159,448 276,565
Cash - -
422,080 617,084

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 272,015 348,133
Amounts owed to group undertakings 600 600
Taxation and social security 59,855 89,712
Other creditors 8,834 8,414
341,304 446,859

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Jimpa Limited, whose registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT. There is no ultimate controlling party.