IRIS Accounts Production v23.2.0.158 02931191 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029311912022-05-31029311912023-05-31029311912022-06-012023-05-31029311912021-05-31029311912021-06-012022-05-31029311912022-05-3102931191ns16:EnglandWales2022-06-012023-05-3102931191ns15:PoundSterling2022-06-012023-05-3102931191ns11:Director12022-06-012023-05-3102931191ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3102931191ns11:SmallEntities2022-06-012023-05-3102931191ns11:AuditExemptWithAccountantsReport2022-06-012023-05-3102931191ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102931191ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3102931191ns11:FullAccounts2022-06-012023-05-3102931191ns11:OrdinaryShareClass12022-06-012023-05-3102931191ns11:OrdinaryShareClass22022-06-012023-05-3102931191ns11:RegisteredOffice2022-06-012023-05-3102931191ns6:CurrentFinancialInstruments2023-05-3102931191ns6:CurrentFinancialInstruments2022-05-3102931191ns6:Non-currentFinancialInstruments2023-05-3102931191ns6:Non-currentFinancialInstruments2022-05-3102931191ns6:ShareCapital2023-05-3102931191ns6:ShareCapital2022-05-3102931191ns6:RetainedEarningsAccumulatedLosses2023-05-3102931191ns6:RetainedEarningsAccumulatedLosses2022-05-3102931191ns6:LongLeaseholdAssetsns6:LandBuildings2022-06-012023-05-3102931191ns6:LeaseholdImprovements2022-06-012023-05-3102931191ns6:FurnitureFittings2022-06-012023-05-3102931191ns6:ComputerEquipment2022-06-012023-05-3102931191ns6:LongLeaseholdAssetsns6:LandBuildings2022-05-3102931191ns6:LeaseholdImprovements2022-05-3102931191ns6:FurnitureFittings2022-05-3102931191ns6:ComputerEquipment2022-05-3102931191ns6:LongLeaseholdAssetsns6:LandBuildings2023-05-3102931191ns6:LeaseholdImprovements2023-05-3102931191ns6:FurnitureFittings2023-05-3102931191ns6:ComputerEquipment2023-05-3102931191ns6:LongLeaseholdAssetsns6:LandBuildings2022-05-3102931191ns6:LeaseholdImprovements2022-05-3102931191ns6:FurnitureFittings2022-05-3102931191ns6:ComputerEquipment2022-05-3102931191ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3102931191ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3102931191ns6:Secured2023-05-3102931191ns6:Secured2022-05-3102931191ns11:OrdinaryShareClass12023-05-3102931191ns11:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: 02931191 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

COPPERGATE INSURANCE SERVICES LIMITED

COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


COPPERGATE INSURANCE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr A C Russell





REGISTERED OFFICE: 57 London Road
High Wycombe
Buckinghamshire
HP11 1BS





REGISTERED NUMBER: 02931191 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COPPERGATE INSURANCE SERVICES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coppergate Insurance Services Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Coppergate Insurance Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coppergate Insurance Services Limited and state those matters that we have agreed to state to the director of Coppergate Insurance Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coppergate Insurance Services Limited and its director for our work or for this report.

It is your duty to ensure that Coppergate Insurance Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coppergate Insurance Services Limited. You consider that Coppergate Insurance Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coppergate Insurance Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS


29 August 2023

COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 485,612 499,518

CURRENT ASSETS
Debtors 5 16,707 14,540
Cash at bank 122,627 57,199
139,334 71,739
CREDITORS
Amounts falling due within one year 6 67,687 49,756
NET CURRENT ASSETS 71,647 21,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,259

521,501

CREDITORS
Amounts falling due after more than one
year

7

(211,351

)

(230,758

)

PROVISIONS FOR LIABILITIES (3,558 ) (4,154 )
NET ASSETS 342,350 286,589

CAPITAL AND RESERVES
Called up share capital 9 10,300 10,300
Retained earnings 332,050 276,289
SHAREHOLDERS' FUNDS 342,350 286,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


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 director and authorised for issue on 29 August 2023 and were signed by:





Mr A C Russell - Director


COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Coppergate Insurance Services Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is 57 London Road, High Wycombe, Buckinghamshire, HP11 1BS. The principal place of business is PO Box 4566, Gerrards Cross, Buckinghamshire, SL9 1DT. The registered number is 02931191.

The principal activity of the company is that of Insurance Broker Services.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover
Turnover represents the value, net of value added tax and discounts, of commissions earned on insurance services provided to customers throughout the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - straight line - 2%
Improvements to property - reducing balance - 10%
Fixtures and fittings - reducing balance - 20%
Computer equipment - reducing balance - 25%


COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022
and 31 May 2023 529,585 35,355 16,477 41,089 622,506
DEPRECIATION
At 1 June 2022 52,960 20,431 13,082 36,515 122,988
Charge for year 10,592 1,492 679 1,143 13,906
At 31 May 2023 63,552 21,923 13,761 37,658 136,894
NET BOOK VALUE
At 31 May 2023 466,033 13,432 2,716 3,431 485,612
At 31 May 2022 476,625 14,924 3,395 4,574 499,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,913
Other debtors 16,707 10,627
16,707 14,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,535 20,464
Trade creditors 3,502 -
Taxation and social security 16,711 1,455
Other creditors 28,939 27,837
67,687 49,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 211,351 230,758

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 133,389 145,624

COPPERGATE INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 02931191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 229,886 251,222

The bank loans are secured by a fixed charge over the company property and a floating charge on all other company assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary 1 10,000 10,000
300 Ordinary A 1 300 300
10,300 10,300