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Company No: 07165987 (England and Wales)

PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 May 2023

Contents

PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

COMPANY INFORMATION

For the financial year ended 31 May 2023
PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTOR M Bracher
REGISTERED OFFICE Yanley Barn Yanley Lane
Long Ashton
Bristol
BS41 9LR
England
United Kingdom
COMPANY NUMBER 07165987 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
Somerset
BS24 7JP
PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

BALANCE SHEET

As at 31 May 2023
PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

BALANCE SHEET (continued)

For the financial year ended 31 May 2023
2023 2022
£ £
Fixed assets 11,034 15,113
Current assets 124,139 82,132
Creditors: amounts falling due within one year ( 31,250) ( 21,982)
Net current assets 92,889 60,150
Total assets less current liabilities 103,923 75,263
Creditors: amounts falling due after more than one year ( 11,777) ( 18,958)
Accruals and deferred income ( 3,359) ( 3,110)
Net assets 88,787 53,195
Capital and reserves 88,787 53,195

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Professional Indemnity Insurance Brokers Ltd (registered number: 07165987) were approved and authorised for issue by the director on 16 October 2023 and were signed on its behalf by:

M Bracher
Director
PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
PROFESSIONAL INDEMNITY INSURANCE BROKERS LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 May 2023

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 07165987). The address of its registered office is Yanley Barn Yanley Lane, Long Ashton, Bristol, BS41 9LR, England, United Kingdom.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including the director 2 2

3. Directors’ benefits: advances, credit and guarantees

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 June 2021, the balance owed by the director was £15,384. During the year, £91,508 was advanced to the director, and £51,530 was repaid by the director. At 31 May 2022, the balance owed by the director was £55,363.

At 1 June 2022, the balance owed to the director was £55,363. During the year, £96,729 was advanced to the director, and £69,209 was repaid by the director. At 31 May 2023, the balance owed by the director was £82,883.