Company Registration No. 04195457 (England and Wales)
EAST KENT UNDERWRITING LTD
Unaudited accounts
for the year ended 31 December 2023
EAST KENT UNDERWRITING LTD
Unaudited accounts
Contents
EAST KENT UNDERWRITING LTD
Company Information
for the year ended 31 December 2023
Company Number
04195457 (England and Wales)
Registered Office
2ND FLOOR, KNIGHTRIDER CHAMBERS
KNIGHTRIDER STREET
MAIDSTONE
ME15 6LP
ENGLAND
EAST KENT UNDERWRITING LTD
Statement of financial position
as at 31 December 2023
Tangible assets
2,538
6,480
Cash at bank and in hand
87,790
72,709
Creditors: amounts falling due within one year
(720,427)
(636,830)
Net current assets
88,804
40,745
Called up share capital
5,000
5,000
Profit and loss account
86,342
42,225
Shareholders' funds
91,342
47,225
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
A Blackshaw
Director
Company Registration No. 04195457
EAST KENT UNDERWRITING LTD
Notes to the Accounts
for the year ended 31 December 2023
EAST KENT UNDERWRITING LTD is a private company, limited by shares, registered in England and Wales, registration number 04195457. The registered office is 2ND FLOOR, KNIGHTRIDER CHAMBERS, KNIGHTRIDER STREET, MAIDSTONE, ME15 6LP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
The Company's turnover is comprised of fees earned from underwriting activities on behalf of clients, and profit commission paid periodically by those clients based upon the results of completed years of account. Turnover is measured at the fair value of the consideration receivable.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
24,794
14,900
39,694
Disposals
-
(8,900)
(8,900)
At 31 December 2023
24,794
6,000
30,794
At 1 January 2023
22,813
10,401
33,214
Charge for the year
1,942
2,000
3,942
On disposals
-
(8,900)
(8,900)
At 31 December 2023
24,755
3,501
28,256
At 31 December 2023
39
2,499
2,538
At 31 December 2022
1,981
4,499
6,480
EAST KENT UNDERWRITING LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
481,357
370,739
Deferred tax asset
13,543
24,909
Accrued income and prepayments
10,712
9,218
Other debtors
215,829
200,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,555
30,296
Trade creditors
404,787
315,354
Taxes and social security
2,496
6,877
Other creditors
291,455
282,328
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
8
Average number of employees
During the year the average number of employees was 8 (2022: 7).