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REGISTERED NUMBER: 01693417 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







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





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





REGISTERED NUMBER: 01693417 (England and Wales)





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

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)

ABRIDGED BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,900 14,167
8,900 14,167

CURRENT ASSETS
Debtors 1,804,275 1,680,697
Cash at bank 803,726 726,119
2,608,001 2,406,816
CREDITORS
Amounts falling due within one year 1,883,507 1,740,409
NET CURRENT ASSETS 724,494 666,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,394

680,574

PROVISIONS FOR LIABILITIES - 849
NET ASSETS 733,394 679,725

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 723,394 669,725
SHAREHOLDERS' FUNDS 733,394 679,725

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 INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)

ABRIDGED BALANCE SHEET - 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 Balance Sheet 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 INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)

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

1. STATUTORY INFORMATION

Wrightsure Insurance Services (North West) 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 is Liverpool.

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 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.

Goodwill
Goodwill represents the amount paid in connection with the acquisition of retail brokers in both 2005 and 2013, which is amortised over their estimated life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - at varying rates on cost
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 38 ) .

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 432,000
AMORTISATION
At 1 July 2022
and 30 June 2023 432,000
NET BOOK VALUE

At 30 June 2023 -
At 30 June 2022 -

The company's intangible assets relate to trading rights arising from the acquisitions in May 2005 and February 2013 of retail general insurance brokers and, where appropriate, their domain names.

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 146,534
Additions 4,632
Disposals (249 )
At 30 June 2023 150,917
DEPRECIATION
At 1 July 2022 132,367
Charge for year 9,837
Eliminated on disposal (187 )
At 30 June 2023 142,017
NET BOOK VALUE
At 30 June 2023 8,900
At 30 June 2022 14,167

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 82,732 69,558
Between one and five years 90,524 134,474
173,256 204,032

WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) LIMITED (REGISTERED NUMBER: 01693417)

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

7. CALLED UP SHARE CAPITAL

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

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
££

Rental expense transactions52,31051,704
Balances owed by related parties21,00021,000
Interest receivable65,500-
Trade receivables5,000-


CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WRIGHTSURE INSURANCE SERVICES
(NORTH WEST) 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 Balance Sheet. 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 Insurance Services (North West) Limited for the year ended 30 June 2023 which comprise the Income Statement, Abridged Balance Sheet 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 Insurance Services (North West) 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 Insurance Services (North West) Limited and state those matters that we have agreed to state to the Board of Directors of Wrightsure Insurance Services (North West) 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 Insurance Services (North West) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wrightsure Insurance Services (North West) 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 Insurance Services (North West) Limited. You consider that Wrightsure Insurance Services (North West) 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 Insurance Services (North West) 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