Caseware UK (AP4) 2022.0.179 2022.0.179 No description of principal activity2022-05-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06551193 2022-05-01 2023-04-30 06551193 2021-05-01 2022-04-30 06551193 2023-04-30 06551193 2022-04-30 06551193 c:Director1 2022-05-01 2023-04-30 06551193 d:OfficeEquipment 2022-05-01 2023-04-30 06551193 d:OfficeEquipment 2023-04-30 06551193 d:OfficeEquipment 2022-04-30 06551193 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06551193 d:CurrentFinancialInstruments 2023-04-30 06551193 d:CurrentFinancialInstruments 2022-04-30 06551193 d:Non-currentFinancialInstruments 2023-04-30 06551193 d:Non-currentFinancialInstruments 2022-04-30 06551193 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06551193 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 06551193 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06551193 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 06551193 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 06551193 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 06551193 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 06551193 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 06551193 d:ShareCapital 2023-04-30 06551193 d:ShareCapital 2022-04-30 06551193 d:RetainedEarningsAccumulatedLosses 2023-04-30 06551193 d:RetainedEarningsAccumulatedLosses 2022-04-30 06551193 c:FRS102 2022-05-01 2023-04-30 06551193 c:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06551193 c:FullAccounts 2022-05-01 2023-04-30 06551193 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06551193 2 2022-05-01 2023-04-30 06551193 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 06551193










Insureon Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2023





 
Insureon Group Limited
 

Contents



Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 7


 
Insureon Group Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Insureon Group Limited for the year ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Insureon Group Limited for the year ended 30 April 2023 which comprise the 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 at https://www.icaew.com /regulation.

This report is made solely to the director of Insureon Group Limited in accordance with the terms of our engagement letter dated 4 November 2021Our work has been undertaken solely to prepare for your approval the financial statements of Insureon Group Limited  and state those matters that we have agreed to state to the director of Insureon Group Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Insureon Group Limited and its director for our work or for this report. 

It is your duty to ensure that Insureon Group 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 Insureon Group Limited. You consider that Insureon Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Insureon Group 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.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
7 November 2023
Page 1

 
Insureon Group Limited
Registered number: 06551193

Balance sheet
As at 30 April 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
400
600

Investments
 5 
50
50

  
450
650

Current assets
  

Debtors: amounts falling due within one year
 6 
84,718
51,274

Bank & cash balances
  
20,124
33,748

  
104,842
85,022

Creditors: amounts falling due within one year
 7 
(60,059)
(44,964)

Net current assets
  
 
 
44,783
 
 
40,058

Total assets less current liabilities
  
45,233
40,708

Creditors: amounts falling due after more than one year
 8 
(10,320)
(14,898)

  

Net assets
  
34,913
25,810


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
34,813
25,710

  
34,913
25,810


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.

Mr P S Ginsberg
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Insureon Group Limited
 

 
Notes to the financial statements
For the year ended 30 April 2023

1.


General information

Insureon Group Limited is a limited liability company incorporated in England.  The company's registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU.  The principal activity of the company is that of insurance brokers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Insureon Group Limited
 

 
Notes to the financial statements
For the year ended 30 April 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
Insureon Group Limited
 

 
Notes to the financial statements
For the year ended 30 April 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2022
5,420



At 30 April 2023

5,420



Depreciation


At 1 May 2022
4,820


Charge for the year on owned assets
200



At 30 April 2023

5,020



Net book value



At 30 April 2023
400



At 30 April 2022
600


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2022
50



At 30 April 2023
50






Net book value



At 30 April 2023
50



At 30 April 2022
50

Page 5

 
Insureon Group Limited
 

 
Notes to the financial statements
For the year ended 30 April 2023

6.


Debtors

2023
2022
£
£


Trade debtors
22,124
21,097

Other debtors
62,594
30,177

84,718
51,274


Included in other debtors are amounts of £45,747 (2022: £18,570) owed by the director Mr P Ginsberg which is interest free. The loan was repaid to the company in the post year year end period.
Included in other debtors are amounts of £4,580 (2022: £3,980) due from General & Medical Ltd, a company under common control.


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,677
9,811

Corporation tax
2,182
312

Accruals and deferred income
50,200
34,841

60,059
44,964





8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,320
14,898

10,320
14,898




Page 6

 
Insureon Group Limited
 

 
Notes to the financial statements
For the year ended 30 April 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,677
9,811


7,677
9,811

Amounts falling due 1-2 years

Bank loans
9,506
9,272


9,506
9,272

Amounts falling due 2-5 years

Bank loans
814
5,626


814
5,626


17,997
24,709



10.


Controlling party

The company is under the control of the director Mr. P. S. Ginsberg.


Page 7