IRIS Accounts Production v23.3.0.418 07561225 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075612252022-03-31075612252023-03-31075612252022-04-012023-03-31075612252021-03-31075612252021-04-012022-03-31075612252022-03-3107561225ns10:Originalns15:EnglandWales2022-04-012023-03-3107561225ns14:PoundSterlingns10:Original2022-04-012023-03-3107561225ns10:Originalns10:Director12022-04-012023-03-3107561225ns10:Original2022-04-012023-03-3107561225ns10:Original2023-03-3107561225ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107561225ns10:Originalns10:SmallEntities2022-04-012023-03-3107561225ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107561225ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107561225ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107561225ns10:Originalns10:FullAccounts2022-04-012023-03-3107561225ns10:Original12022-04-012023-03-3107561225ns10:Originalns10:Director22022-04-012023-03-3107561225ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107561225ns10:Original2022-03-3107561225ns10:Originalns5:CurrentFinancialInstruments2023-03-3107561225ns10:Originalns5:CurrentFinancialInstruments2022-03-3107561225ns5:ShareCapitalns10:Original2023-03-3107561225ns5:ShareCapitalns10:Original2022-03-3107561225ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107561225ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107561225ns10:Originalns5:NetGoodwill2022-04-012023-03-3107561225ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3107561225ns10:Originalns5:PlantMachinery2022-04-012023-03-3107561225ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107561225ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107561225ns10:Original2021-04-012022-03-3107561225ns10:Originalns5:NetGoodwill2022-03-3107561225ns10:Originalns5:NetGoodwill2023-03-3107561225ns10:Originalns5:NetGoodwill2022-03-3107561225ns10:Originalns5:LeaseholdImprovements2022-03-3107561225ns10:Originalns5:PlantMachinery2022-03-3107561225ns10:Originalns5:FurnitureFittings2022-03-3107561225ns10:Originalns5:ComputerEquipment2022-03-3107561225ns10:Original2022-03-3107561225ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3107561225ns10:Originalns5:LeaseholdImprovements2023-03-3107561225ns10:Originalns5:PlantMachinery2023-03-3107561225ns10:Originalns5:FurnitureFittings2023-03-3107561225ns10:Originalns5:ComputerEquipment2023-03-3107561225ns10:Originalns5:LeaseholdImprovements2022-03-3107561225ns10:Originalns5:PlantMachinery2022-03-3107561225ns10:Originalns5:FurnitureFittings2022-03-3107561225ns10:Originalns5:ComputerEquipment2022-03-3107561225ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107561225ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107561225ns10:Originalns10:Director222022-03-3107561225ns10:Originalns10:Director222021-03-3107561225ns10:Originalns10:Director222022-04-012023-03-3107561225ns10:Originalns10:Director222021-04-012022-03-3107561225ns10:Originalns10:Director222023-03-3107561225ns10:Originalns10:Director222022-03-31
REGISTERED NUMBER: 07561225 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

2GETHER INSURANCE LTD

2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2GETHER INSURANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G S Haime
Mrs C S Haime





REGISTERED OFFICE: Exchange Square
Wisbech
Cambridgeshire
PE13 1RA





REGISTERED NUMBER: 07561225 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,019 13,558
13,019 13,558

CURRENT ASSETS
Debtors 6 271,338 670,934
Cash at bank 707,426 562,420
978,764 1,233,354
CREDITORS
Amounts falling due within one
year

7

659,481

821,873
NET CURRENT ASSETS 319,283 411,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,302

425,039

PROVISIONS FOR LIABILITIES 440 543
NET ASSETS 331,862 424,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,762 424,396
SHAREHOLDERS' FUNDS 331,862 424,496

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

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

2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





Mrs C S Haime - Director


2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)

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

1. STATUTORY INFORMATION

2GETHER INSURANCE LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 50 (2022 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 770,657
AMORTISATION
At 1 April 2022
and 31 March 2023 770,657
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 10,703 806 2,427 11,908 25,844
DEPRECIATION
At 1 April 2022 - 737 1,777 9,772 12,286
Charge for year - 14 98 427 539
At 31 March 2023 - 751 1,875 10,199 12,825
NET BOOK VALUE
At 31 March 2023 10,703 55 552 1,709 13,019
At 31 March 2022 10,703 69 650 2,136 13,558

2GETHER INSURANCE LTD (REGISTERED NUMBER: 07561225)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 125,877 575,640
Other debtors 145,461 95,294
271,338 670,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,905 49,858
Amounts owed to group undertakings 24,396 244,870
Taxation and social security 19,154 21,584
Other creditors 597,026 505,561
659,481 821,873

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
G S Haime
Balance outstanding at start of year 9,626 (62,818 )
Amounts advanced 511,810 310,514
Amounts repaid (504,230 ) (238,070 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,206 9,626

This loan is un secured and interest free.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G S Haime.