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REGISTERED NUMBER: 04921258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SALE INSURANCE SERVICES LTD

SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALE INSURANCE SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mrs K E Child
D A Child





SECRETARY: Mrs K E Child





REGISTERED OFFICE: 15-17 Washway Road
Sale
Cheshire
M33 7AD





REGISTERED NUMBER: 04921258 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266,015 131,370

CURRENT ASSETS
Debtors 5 88,406 264,907
Cash at bank 557,132 491,674
645,538 756,581
CREDITORS
Amounts falling due within one year 6 28,685 103,004
NET CURRENT ASSETS 616,853 653,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,868

784,947

CREDITORS
Amounts falling due after more than one
year

7

(110,228

)

(48,312

)

PROVISIONS FOR LIABILITIES (14,884 ) (13,586 )
NET ASSETS 757,756 723,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 757,656 722,949
SHAREHOLDERS' FUNDS 757,756 723,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

BALANCE SHEET - continued
31 October 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 2 February 2024 and were signed on its behalf by:




D A Child - Director



Mrs K E Child - Director


SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Sale Insurance Services Ltd 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 net commissions received in relation to the company's principal activity. Commissions received are only recognised when an insurance policy has been purchased and there is a right to receive the commissions due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Freehold property is not depreciated in the financial statements of the company. Repair items are charged to the profit and loss account in the year of expenditure. The Directors of the company review the carrying value of the freehold property at the balance sheet date and ascertain any appropriate revaluation.

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.

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.

SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 262,431
Additions 149,528
At 31 October 2023 411,959
DEPRECIATION
At 1 November 2022 131,061
Charge for year 14,883
At 31 October 2023 145,944
NET BOOK VALUE
At 31 October 2023 266,015
At 31 October 2022 131,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 307
Other debtors 88,406 264,600
88,406 264,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 20,231 3,841
Taxation and social security 5,673 43,023
Other creditors 2,781 56,140
28,685 103,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 110,228 48,312

SALE INSURANCE SERVICES LTD (REGISTERED NUMBER: 04921258)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


8. ULTIMATE CONTROLLING PARTY

Throughout the current and previous year Mr D A Child and Mrs K E Child, controlled the company, by virtue of their Directorships and Shareholding.