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REGISTERED NUMBER: 04198118 (England and Wales)















COFTON INSURANCE SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






COFTON INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04198118)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COFTON INSURANCE SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Twist
Miss K Gittins





SECRETARY: G Twist





REGISTERED OFFICE: The Counting House
61 Charlotte St
St Pauls Square
Birmingham
B3 1PX





REGISTERED NUMBER: 04198118 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

COFTON INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04198118)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,499 2,247

CURRENT ASSETS
Debtors 5 37,581 35,399
Cash at bank and in hand 160,004 141,593
197,585 176,992
CREDITORS
Amounts falling due within one year 6 115,827 98,057
NET CURRENT ASSETS 81,758 78,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,257

81,182

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 14,967 14,967
Capital redemption reserve 25 25
Retained earnings 71,165 66,090
SHAREHOLDERS' FUNDS 86,257 81,182

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

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

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 Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:





G Twist - Director


COFTON INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04198118)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cofton Insurance Services 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.

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 comprises fees and commissions earned on the sale of insurance policies.

Brokerage is credited to the profit & loss account when the premiums are settled with the insurance companies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 9,857 11,164 41,967 62,988
Additions - - 3,653 3,653
At 31 December 2023 9,857 11,164 45,620 66,641
DEPRECIATION
At 1 January 2023 9,667 10,051 41,023 60,741
Charge for year 58 213 1,130 1,401
At 31 December 2023 9,725 10,264 42,153 62,142
NET BOOK VALUE
At 31 December 2023 132 900 3,467 4,499
At 31 December 2022 190 1,113 944 2,247

COFTON INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04198118)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,738 32,754
Other debtors 2,843 2,645
37,581 35,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83,556 74,348
Amounts owed to group undertakings 9,003 919
Taxation and social security 19,081 18,603
Other creditors 4,187 4,187
115,827 98,057

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100