Registered number: 01897336
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Elliott Slowther Insurance Services Limited
Financial statements
Information for filing with the registrar
31 March 2024
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Elliott Slowther Insurance Services Limited
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Balance sheet
At 31 March 2024
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Provisions for liabilities
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1
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Elliott Slowther Insurance Services Limited
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Balance sheet (continued)
At 31 March 2024
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2024.
Company registered number: 01897336
The notes on pages 3 to 5 form part of these financial statements.
2
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Elliott Slowther Insurance Services Limited
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Notes to the financial statements
Year ended 31 March 2024
Elliott Slowther Insurance Services Limited ('the company') is a private company limited by shares incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page.
The financial statements of the company have been prepared in compliance with Section 1A of Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’) and the Companies Act 2006.
3.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Turnover represents commission due in the period.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
3
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Elliott Slowther Insurance Services Limited
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Notes to the financial statements
Year ended 31 March 2024
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The average monthly number of employees, including directors, during the year was 9 (2023: 9).
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The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
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4
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Elliott Slowther Insurance Services Limited
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Notes to the financial statements
Year ended 31 March 2024
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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5
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