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REGISTERED NUMBER: 08016238 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

COUNTY INSURANCE BROKERS LIMITED

COUNTY INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 08016238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


COUNTY INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 08016238)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 42,840 64,260
Tangible assets 5 3,148 4,198
45,988 68,458

CURRENT ASSETS
Debtors 6 16,375 13,721
Cash at bank and in hand 1,753 13,261
18,128 26,982
CREDITORS
Amounts falling due within one year 7 (18,319 ) (16,201 )
NET CURRENT (LIABILITIES)/ASSETS (191 ) 10,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,797

79,239

PROVISIONS FOR LIABILITIES (790 ) (1,050 )
NET ASSETS 45,007 78,189

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 25,000 25,000
Retained earnings 20,003 53,185
SHAREHOLDERS' FUNDS 45,007 78,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 18 July 2024 and were signed by:




P G Toppin - Director


COUNTY INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 08016238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

County Insurance Brokers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08016238

Registered office: 81 Chapel Road
Worthing
West Sussex
BN11 1HU

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions fo Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the use of fair values for certain financial instruments in accordance with the accounting policies, where applicable, as set out below.

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

Turnover represents commission receivable on sales of insurance policies.

Intangible assets
After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation of the net book value of Goodwill at 30 April 2016 is provided over its estimated useful life of 10 years.

Tangible fixed assets
Tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

COUNTY INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 08016238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 252,000
AMORTISATION
At 1 May 2023 187,740
Charge for year 21,420
At 30 April 2024 209,160
NET BOOK VALUE
At 30 April 2024 42,840
At 30 April 2023 64,260

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 15,214
DEPRECIATION
At 1 May 2023 11,016
Charge for year 1,050
At 30 April 2024 12,066
NET BOOK VALUE
At 30 April 2024 3,148
At 30 April 2023 4,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 777 240
Other debtors 15,598 13,481
16,375 13,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 699
Taxation and social security 14,560 11,989
Other creditors 3,759 3,513
18,319 16,201