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REGISTERED NUMBER: 07469946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

A Class Insurance Solutions Limited

A Class Insurance Solutions Limited (Registered number: 07469946)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A Class Insurance Solutions Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr K J Billings
Mr T P McDowell





SECRETARY:





REGISTERED OFFICE: 6 Merlin Business Park
Ramsgate
Kent
CT12 5HW





REGISTERED NUMBER: 07469946 (England and Wales)





ACCOUNTANTS: Richmond Barnes Limited
Bayspace
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

A Class Insurance Solutions Limited (Registered number: 07469946)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 27,000
Tangible assets 5 124,701 81,096
148,701 108,096

CURRENT ASSETS
Debtors 6 157,364 134,173
Cash at bank 713,299 681,307
870,663 815,480
CREDITORS
Amounts falling due within one year 7 479,464 419,814
NET CURRENT ASSETS 391,199 395,666
TOTAL ASSETS LESS CURRENT LIABILITIES 539,900 503,762

CAPITAL AND RESERVES
Called up share capital 10,256 10,256
Retained earnings 529,644 493,506
539,900 503,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 26th July 2024 and were signed on its behalf by:




Mr K J Billings - Director



Mr T P McDowell - Director


A Class Insurance Solutions Limited (Registered number: 07469946)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

A Class Insurance Solutions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

A Class Insurance Solutions Limited (Registered number: 07469946)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 60,000
AMORTISATION
At 1st April 2023 33,000
Charge for year 3,000
At 31st March 2024 36,000
NET BOOK VALUE
At 31st March 2024 24,000
At 31st March 2023 27,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 80,000 8,353 88,353
Additions - 44,840 44,840
At 31st March 2024 80,000 53,193 133,193
DEPRECIATION
At 1st April 2023 - 7,257 7,257
Charge for year - 1,235 1,235
At 31st March 2024 - 8,492 8,492
NET BOOK VALUE
At 31st March 2024 80,000 44,701 124,701
At 31st March 2023 80,000 1,096 81,096

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 148,124 124,836
Other debtors 9,240 9,337
157,364 134,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 336,368 279,720
Taxation and social security 36,454 43,261
Other creditors 106,642 96,833
479,464 419,814