Ashley Insurance Services Limited 02154403 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of insurance brokering for private and commercial customers. Digita Accounts Production Advanced 6.30.9574.0 true 02154403 2023-01-01 2023-12-31 02154403 2023-12-31 02154403 core:RetainedEarningsAccumulatedLosses 2023-12-31 02154403 core:ShareCapital 2023-12-31 02154403 core:CurrentFinancialInstruments 2023-12-31 02154403 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02154403 core:OfficeEquipment 2023-12-31 02154403 bus:SmallEntities 2023-01-01 2023-12-31 02154403 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02154403 bus:FullAccounts 2023-01-01 2023-12-31 02154403 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02154403 bus:RegisteredOffice 2023-01-01 2023-12-31 02154403 bus:Director1 2023-01-01 2023-12-31 02154403 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02154403 core:MotorVehicles 2023-01-01 2023-12-31 02154403 core:OfficeEquipment 2023-01-01 2023-12-31 02154403 countries:EnglandWales 2023-01-01 2023-12-31 02154403 2022-12-31 02154403 core:OfficeEquipment 2022-12-31 02154403 2022-01-01 2022-12-31 02154403 2022-12-31 02154403 core:RetainedEarningsAccumulatedLosses 2022-12-31 02154403 core:ShareCapital 2022-12-31 02154403 core:CurrentFinancialInstruments 2022-12-31 02154403 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02154403 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02154403

Ashley Insurance Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Ashley Insurance Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Ashley Insurance Services Limited

(Registration number: 02154403)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

481

1,000

Current assets

 

Debtors

5

20,031

20,368

Cash at bank and in hand

 

71,246

54,335

 

91,277

74,703

Creditors: Amounts falling due within one year

6

(56,604)

(56,783)

Net current assets

 

34,673

17,920

Total assets less current liabilities

 

35,154

18,920

Provisions for liabilities

-

(190)

Net assets

 

35,154

18,730

Capital and reserves

 

Called up share capital

1,002

1,002

Retained earnings

34,152

17,728

Shareholders' funds

 

35,154

18,730

 

Ashley Insurance Services Limited

(Registration number: 02154403)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2024
 

.........................................
Mr Graham Douglas Cook
Director

 

Ashley Insurance Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 42 High Street
Eccleshall
Stafford
ST21 6BZ
England

These financial statements were authorised for issue by the director on 8 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover is calculated from fees and commission receivable during the course of the year from the provision of various insurance services net of any clawbacks and rebates.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ashley Insurance Services Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Motor vehicles

25% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

Ashley Insurance Services Limited

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

14,387

14,387

At 31 December 2023

14,387

14,387

Depreciation

At 1 January 2023

13,387

13,387

Charge for the year

519

519

At 31 December 2023

13,906

13,906

Carrying amount

At 31 December 2023

481

481

At 31 December 2022

1,000

1,000

5

Debtors

Current

2023
£

2022
£

Trade debtors

19,040

17,407

Prepayments

991

2,461

Other debtors

-

500

 

20,031

20,368

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

43,703

45,513

Taxation and social security

9,701

8,596

Other creditors

3,200

2,674

56,604

56,783