Company Registration No. 01620212 (England and Wales)
Clarke Dove (Insurance Brokers) Limited
Unaudited accounts
for the year ended 31 December 2023
Clarke Dove (Insurance Brokers) Limited
Unaudited accounts
Contents
Clarke Dove (Insurance Brokers) Limited
Company Information
for the year ended 31 December 2023
Directors
M J Clarke
P Genever
A M Clarke
P S Clarke
H J Dove
Company Number
01620212 (England and Wales)
Registered Office
906 Woodborough Road
Mapperley
Nottingham
Nottinghamshire
NG3 5QR
United Kingdom
Accountants
Add-itions Accountancy Solutions Limited
321 Main Street
Calverton
Nottinghamshire
NG14 6LT
Clarke Dove (Insurance Brokers) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
64,230
19,616
Cash at bank and in hand
681,211
782,314
Creditors: amounts falling due within one year
(847,536)
(934,393)
Net current assets
177,109
234,404
Total assets less current liabilities
241,339
254,020
Provisions for liabilities
Deferred tax
(11,859)
(3,360)
Net assets
229,480
250,660
Called up share capital
25,000
25,000
Profit and loss account
204,480
225,660
Shareholders' funds
229,480
250,660
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 directors acknowledge their 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 of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by
A M Clarke
Director
Company Registration No. 01620212
Clarke Dove (Insurance Brokers) Limited
Notes to the Accounts
for the year ended 31 December 2023
Clarke Dove (Insurance Brokers) Limited is a private company, limited by shares, registered in England and Wales, registration number 01620212. The registered office is 906 Woodborough Road, Mapperley, Nottingham, Nottinghamshire, NG3 5QR, United Kingdom.
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.
Turnover represents brokerage, commissions and fees falling within the company's activities.
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:
Land & buildings
equally over the remaining terms of the lease
Fixtures & fittings
20% on cost and 10% on cost
Computer equipment
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Clarke Dove (Insurance Brokers) Limited
Notes to the Accounts
for the year ended 31 December 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
42,375
71,587
46,475
160,437
Additions
51,215
-
3,300
54,515
At 31 December 2023
93,590
71,587
49,775
214,952
At 1 January 2023
40,234
64,775
35,812
140,821
Charge for the year
3,578
812
5,511
9,901
At 31 December 2023
43,812
65,587
41,323
150,722
At 31 December 2023
49,778
6,000
8,452
64,230
At 31 December 2022
2,141
6,812
10,663
19,616
Amounts falling due within one year
Trade debtors
324,156
366,624
Accrued income and prepayments
19,278
19,859
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
637,244
722,738
Taxes and social security
32,732
48,252
Other creditors
121,802
115,000
Allotted, called up and fully paid:
25,000 Ordinary shares of £1 each
25,000
25,000
The company is a wholly owned subsidiary of Clarke Dove Management Company Limited, a company registered in England and Wales and shares the same registered office.
Clarke Dove (Insurance Brokers) Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 18 (2022: 18).