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REGISTERED NUMBER: 02195983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROWLANDS & HAMES INSURANCE BROKERS
LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: A Farnworth
J A Isles
P Willis





SECRETARY: A Farnworth





REGISTERED OFFICE: Chiltern House
181 Bristol Avenue
Blackpool
Lancashire
FY2 0FP





REGISTERED NUMBER: 02195983 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,002 5,742
Investments 5 274,645 3,465
282,647 9,207

CURRENT ASSETS
Debtors 6 1,010,752 752,040
Cash at bank 925,802 687,008
1,936,554 1,439,048
CREDITORS
Amounts falling due within one year 7 (1,196,126 ) (729,466 )
NET CURRENT ASSETS 740,428 709,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,023,075

718,789

PROVISIONS FOR LIABILITIES (1,704 ) (816 )
NET ASSETS 1,021,371 717,973

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,020,371 716,973
SHAREHOLDERS' FUNDS 1,021,371 717,973

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.

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)

BALANCE SHEET - continued
31 December 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 13 March 2024 and were signed on its behalf by:





J A Isles - Director


ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Rowlands & Hames Insurance Brokers 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 10% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 22 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 18,629 56,061 74,690
Additions 2,530 4,239 6,769
At 31 December 2023 21,159 60,300 81,459
DEPRECIATION
At 1 January 2023 15,727 53,221 68,948
Charge for year 1,051 3,458 4,509
At 31 December 2023 16,778 56,679 73,457
NET BOOK VALUE
At 31 December 2023 4,381 3,621 8,002
At 31 December 2022 2,902 2,840 5,742

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 - 3,465 3,465
Cost of investment to date 271,180 - 271,180
At 31 December 2023 271,180 3,465 274,645
NET BOOK VALUE
At 31 December 2023 271,180 3,465 274,645
At 31 December 2022 - 3,465 3,465

ROWLANDS & HAMES INSURANCE BROKERS
LIMITED (REGISTERED NUMBER: 02195983)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 508,480 445,004
Amounts owed by group undertakings 483,270 283,042
Prepayments 19,002 23,994
1,010,752 752,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 862,312 577,203
Tax 93,023 76,769
Social security and other taxes 26,647 21,014
Other creditors 116,640 -
Accruals and deferred income 97,504 54,480
1,196,126 729,466

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 34,372 10,250
Between one and five years 74,965 10,250
109,337 20,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
A Farnworth
Balance outstanding at start of year - 4,999
Amounts repaid - (4,999 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

The controlling party is Rowlands and Hames 2019 Limited.

The registered address of that company is Chiltern House, 181 Bristol Avenue, Blackpool, Lancashire, FY2 0FP.