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REGISTERED NUMBER: 01865101 (England and Wales)















AUTOSURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOSURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr E J Herbert
Mr L E Coombs
Mr J Coombs





SECRETARY: Mr L E Coombs





REGISTERED OFFICE: Second Floor,
34 Lime Street,
London
EC3M 7AT





REGISTERED NUMBER: 01865101 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,277 90,714

CURRENT ASSETS
Debtors 5 94,889 67,732
Cash at bank 26,070 48,869
120,959 116,601
CREDITORS
Amounts falling due within one year 6 139,056 117,188
NET CURRENT LIABILITIES (18,097 ) (587 )
TOTAL ASSETS LESS CURRENT LIABILITIES 70,180 90,127

PROVISIONS FOR LIABILITIES - 24
NET ASSETS 70,180 90,103

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 61,696 63,192
Retained earnings 8,384 26,811
SHAREHOLDERS' FUNDS 70,180 90,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

BALANCE SHEET - continued
30TH JUNE 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 12th February 2024 and were signed on its behalf by:





Mr L E Coombs - Director


AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Autosure 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
The company's turnover represents net insurance commissions receivable during the year.

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% straight line on cost
Plant and machinery - 15% straight line on 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independent administered fund. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1st July 2022 125,000 8,319 133,319
Additions - 170 170
At 30th June 2023 125,000 8,489 133,489
DEPRECIATION
At 1st July 2022 34,375 8,230 42,605
Charge for year 2,500 107 2,607
At 30th June 2023 36,875 8,337 45,212
NET BOOK VALUE
At 30th June 2023 88,125 152 88,277
At 30th June 2022 90,625 89 90,714

Freehold property was revalued by the directors to it's open market value of £125,000 as at 30th June 2010. This revaluation has been taken as deemed cost at the transition date -1st July 2015.

Cost or valuation at 30th June 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2010 76,001 - 76,001
Cost 48,999 8,489 57,488
125,000 8,489 133,489

AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 48,999 48,999
Aggregate depreciation 23,520 22,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,815 62,151
Other debtors 4,074 5,581
94,889 67,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,626 8,618
Trade creditors 110,359 88,811
Taxation and social security 2,575 2,664
Other creditors 16,496 17,095
139,056 117,188

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,869 12,413
Between one and five years - 11,378
12,869 23,791

AUTOSURE LIMITED (REGISTERED NUMBER: 01865101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


8. RESERVES
Revaluation
reserve
£   
At 1st July 2022 63,192
Transfer of excess
depreciation charge on
revalued freehold property (1,520 )
Deferred tax adjustment 24

At 30th June 2023 61,696