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REGISTERED NUMBER: 02845229 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R D Powell
P A Barton-Wright
Mrs A E Barton-Wright
Ms V J Barton-Wright
Mrs S D Plampton
Mrs A J Powell
P S Rimmer
P D Rudd
S Webster





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 02845229 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,208 12,516

CURRENT ASSETS
Debtors 663,792 635,986
Cash at bank and in hand 680,817 633,980
1,344,609 1,269,966
CREDITORS
Amounts falling due within one year 923,529 814,438
NET CURRENT ASSETS 421,080 455,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,288

468,044

PROVISIONS FOR LIABILITIES 6,730 2,378
NET ASSETS 497,558 465,666

CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Retained earnings 492,558 460,666
SHAREHOLDERS' FUNDS 497,558 465,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 Statement of Financial Position for the year ended 30 June 2023 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 Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





R D Powell - Director


WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Wrightsure Services (Hampshire) 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 company's place of business differs to its registered office and is located in Fareham.

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.

These financial statements have been prepared in accordance with applicable accounting standards. The significant accounting policies adopted are described below.


Turnover
Turnover represents brokerage and other commissions which are taken to credit when debit or fee notes are issued irrespective of the inception date or period of insurance. Alterations in brokerage arising from return premiums, additional premiums or adjustments are taken into account as and when these occur.

Other operating income
Includes bank interest received on clients funds which the company is entitled to retain.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Insurance creditors
Insurance creditors include amounts due from or to each party with whom the company settles in the normal course of business.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 81,405
Additions 90,038
Disposals (46,133 )
At 30 June 2023 125,310
DEPRECIATION
At 1 July 2022 68,889
Charge for year 18,304
Eliminated on disposal (45,091 )
At 30 June 2023 42,102
NET BOOK VALUE
At 30 June 2023 83,208
At 30 June 2022 12,516

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,575 27,575
Between one and five years 24,575 49,151
49,150 76,726

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

7. PENSION COMMITMENTS

The company operates a defined contribution scheme in respect of its eligible employees. During the year, total contributions to this scheme amount to £45,641 (2022 - £39,792). There was a contribution of £2,698 outstanding at the balance sheet date (2022 - no contribution outstanding).

WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02845229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. RELATED PARTY DISCLOSURES

The company undertook the following transactions with, and had balances owed at the balance sheet date, with entities under the control of key management personnel:
20232022
££
Rent paid during year25,20025,200
Purchases5,7395,562
Balance at year end3,000-
Interest on loan15,000-

At 30 June 2023 the directors consider the ultimate holding company to be Wrightsure Services Limited, a company registered in England and Wales.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WRIGHTSURE SERVICES (HAMPSHIRE) LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Wrightsure Services (Hampshire) Limited for the year ended 30 June 2023 which comprise the Income Statement, Abridged Statement of Financial Position 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 Board of Directors of Wrightsure Services (Hampshire) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wrightsure Services (Hampshire) Limited and state those matters that we have agreed to state to the Board of Directors of Wrightsure Services (Hampshire) Limited, as a body, 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 Wrightsure Services (Hampshire) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wrightsure Services (Hampshire) 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 Wrightsure Services (Hampshire) Limited. You consider that Wrightsure Services (Hampshire) 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 Wrightsure Services (Hampshire) 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.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


30 October 2023