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REGISTERED NUMBER: 00729024 (England and Wales)















P. J. SUTTON (INSURANCES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






P. J. SUTTON (INSURANCES) LIMITED (REGISTERED NUMBER: 00729024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. J. SUTTON (INSURANCES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: A G J Sutton





SECRETARY: N A Sutton





REGISTERED OFFICE: 19-20 Cross Street
Rugby
Warwickshire
CV21 3NL





REGISTERED NUMBER: 00729024 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

P. J. SUTTON (INSURANCES) LIMITED (REGISTERED NUMBER: 00729024)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88 109

CURRENT ASSETS
Stocks 100 100
Debtors 5 5,727 5,733
Cash at bank and in hand 180,507 147,191
186,334 153,024
CREDITORS
Amounts falling due within one year 6 93,089 60,827
NET CURRENT ASSETS 93,245 92,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,333

92,306

PROVISIONS FOR LIABILITIES 22 21
NET ASSETS 93,311 92,285

CAPITAL AND RESERVES
Called up share capital 20,400 20,400
Retained earnings 72,911 71,885
SHAREHOLDERS' FUNDS 93,311 92,285

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

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

P. J. SUTTON (INSURANCES) LIMITED (REGISTERED NUMBER: 00729024)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





A G J Sutton - Director


P. J. SUTTON (INSURANCES) LIMITED (REGISTERED NUMBER: 00729024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

P. J. Sutton (Insurances) 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future period.

Turnover
Turnover represents the total value of commissions due and receivable on insurance premiums received by the company during the 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 - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. 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 4 (2022 - 4 ) .

P. J. SUTTON (INSURANCES) LIMITED (REGISTERED NUMBER: 00729024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 24,365 14,194 7,458 46,017
DEPRECIATION
At 1st January 2023 24,364 14,087 7,457 45,908
Charge for year - 21 - 21
At 31st December 2023 24,364 14,108 7,457 45,929
NET BOOK VALUE
At 31st December 2023 1 86 1 88
At 31st December 2022 1 107 1 109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 5,727 5,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 63,517 37,017
Corporation tax payable 26,102 20,640
Accrued expenses 3,470 3,170
93,089 60,827