Company Registration No. 07669842 (England and Wales)
BROKERSURE GROUP LTD
Unaudited accounts
for the period from 1 July 2022 to 31 December 2023
BROKERSURE GROUP LTD
Unaudited accounts
Contents
BROKERSURE GROUP LTD
Company Information
for the period from 1 July 2022 to 31 December 2023
Directors
James Duncan Richardson
Andrew James Taylor
John Robert Christian Young
Sean Paul Thorogood
Benjamin David Morgan
Terry Joel Exley
Company Number
07669842 (England and Wales)
Registered Office
6 THE SQUARE
MARTLESHAM HEATH
IPSWICH
IP5 3SL
ENGLAND
Accountants
ST Accountancy Services Ltd
6 The Square
Martlesham Heath
Suffolk
IP5 3SL
BROKERSURE GROUP LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
53,831
16,236
Creditors: amounts falling due within one year
(29,758)
(92,315)
Net current assets/(liabilities)
63,757
(10,724)
Total assets less current liabilities
66,510
(9,933)
Provisions for liabilities
Net assets/(liabilities)
65,987
(10,056)
Called up share capital
1,200
1,200
Share premium
19,944
19,944
Profit and loss account
44,843
(31,200)
Shareholders' funds
65,987
(10,056)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by
John Robert Christian Young
Director
Company Registration No. 07669842
BROKERSURE GROUP LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
BROKERSURE GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 07669842. The registered office is 6 THE SQUARE, MARTLESHAM HEATH, IPSWICH, IP5 3SL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% On Cost
Investments in subsidiary undertakings are recognised at cost.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts are presented in £ sterling.
BROKERSURE GROUP LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
4
Tangible fixed assets
Total
At 31 December 2023
231,822
Charge for the period
1,710
At 31 December 2023
229,070
5
Deferred taxation
2023
2022
Accelerated capital allowances
523
123
Provision at start of period
123
2,384
Charged/(credited) to the profit and loss account
400
(2,261)
Provision at end of period
523
123
6
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,000
31,256
Later than one year and not later than five years
-
30,314
7
Transactions with related parties
Brokersure Limited
Subsidiary
During the year, the company recharged costs and services to Brokersure Limited amounting to £139,553 (June 2022: £93,035). In addition, the company surrendered tax losses arising during the year to Brokersure Limited, amounting to £521,847 (June 2022: £245,537).
During the year, the company received dividends from Brokersure Limited amounting to £600,000 (June 2022: £400,000).
The amount due to Brokersure Limited from the company at 31st December 2023 amounted to £21,614 (June 2022: £83,190).
BROKERSURE GROUP LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).