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REGISTERED NUMBER: 04986925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kimberworth Insurance Bureau Limited

Kimberworth Insurance Bureau Limited (Registered number: 04986925)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Kimberworth Insurance Bureau Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Stephen John Perry



SECRETARY: Mr Stephen John Perry



REGISTERED OFFICE: 292 Kimberworth Road
Rotherham
South Yorkshire
S61 1HB



REGISTERED NUMBER: 04986925 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kimberworth Insurance Bureau Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kimberworth Insurance Bureau Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kimberworth Insurance Bureau Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kimberworth Insurance Bureau Limited and state those matters that we have agreed to state to the director of Kimberworth Insurance Bureau Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kimberworth Insurance Bureau Limited and its director for our work or for this report.

It is your duty to ensure that Kimberworth Insurance Bureau Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kimberworth Insurance Bureau Limited. You consider that Kimberworth Insurance Bureau Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kimberworth Insurance Bureau Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


18 April 2024

Kimberworth Insurance Bureau Limited (Registered number: 04986925)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 64,916 66,751

CURRENT ASSETS
Debtors 5 29,268 30,162
Cash at bank 2,327 -
31,595 30,162
CREDITORS
Amounts falling due within one year 6 (11,010 ) (11,150 )
NET CURRENT ASSETS 20,585 19,012
TOTAL ASSETS LESS CURRENT LIABILITIES 85,501 85,763

PROVISIONS FOR LIABILITIES (301 ) (596 )
NET ASSETS 85,200 85,167

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 31,011 31,190
Retained earnings 53,989 53,777
85,200 85,167

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 director acknowledges his 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 director and authorised for issue on 18 April 2024 and were signed by:



Mr Stephen John Perry - Director


Kimberworth Insurance Bureau Limited (Registered number: 04986925)

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


1. STATUTORY INFORMATION

Kimberworth Insurance Bureau 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on revaluation
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Kimberworth Insurance Bureau Limited (Registered number: 04986925)

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

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 65,000 3,823 2,649 71,472
DEPRECIATION
At 1 January 2023 - 3,127 1,594 4,721
Charge for year 1,300 70 465 1,835
At 31 December 2023 1,300 3,197 2,059 6,556
NET BOOK VALUE
At 31 December 2023 63,700 626 590 64,916
At 31 December 2022 65,000 696 1,055 66,751

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2016 (7,952 ) - - (7,952 )
Valuation in 2022 25,000 - - 25,000
Cost 47,952 3,823 2,649 54,424
65,000 3,823 2,649 71,472

Kimberworth Insurance Bureau Limited (Registered number: 04986925)

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


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31/12/23 31/12/22
£    £   
Cost 47,952 47,952
Aggregate depreciation 15,263 14,304

Freehold land and buildings were last valued by an independent valuer on 6 April 2016. The director considers that the current open market valuation is £65,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 7,527 6,382
Amounts owed by participating interests 16,010 21,010
Other debtors 5,731 2,770
29,268 30,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 1,960
Taxation and social security 2,715 4,089
Other creditors 8,295 5,101
11,010 11,150

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 6,578 6,134
Between one and five years 4,589 6,288
11,167 12,422

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank overdraft - 1,960

The bank loan and overdraft are secured by a legal charge on the company property.

Kimberworth Insurance Bureau Limited (Registered number: 04986925)

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


9. RESERVES
Revaluation
reserve
£   
At 1 January 2023 31,190
Other movements (179 )

At 31 December 2023 31,011