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REGISTERED NUMBER: 05253202 (England and Wales)
















































Financial Statements

for the Year Ended 31 December 2023

for

DIB Insurance Limited

DIB Insurance Limited (Registered number: 05253202)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIB Insurance Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A J Kinder
K T Kinder





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 05253202 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

DIB Insurance Limited (Registered number: 05253202)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 987 1,233

CURRENT ASSETS
Debtors 5 264,503 264,529
Cash at bank and in hand 683 996
265,186 265,525
CREDITORS
Amounts falling due within one year 6 98,641 137,847
NET CURRENT ASSETS 166,545 127,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,532

128,911

CREDITORS
Amounts falling due after more than one
year

7

(25,339

)

(58,512

)

PROVISIONS FOR LIABILITIES (247 ) (234 )
NET ASSETS 141,946 70,165

CAPITAL AND RESERVES
Called up share capital 510 510
Retained earnings 141,436 69,655
SHAREHOLDERS' FUNDS 141,946 70,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DIB Insurance Limited (Registered number: 05253202)

Balance Sheet - continued
31 December 2023


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 19 August 2024 and were signed on its behalf by:




A J Kinder - Director



K T Kinder - Director


DIB Insurance Limited (Registered number: 05253202)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DIB Insurance 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.

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 - 20% on reducing balance

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 31,415
DEPRECIATION
At 1 January 2023 30,182
Charge for year 246
At 31 December 2023 30,428
NET BOOK VALUE
At 31 December 2023 987
At 31 December 2022 1,233

DIB Insurance Limited (Registered number: 05253202)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 126,500 126,500
Other debtors 138,003 138,029
264,503 264,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,160 7,663
Other creditors 92,481 130,184
98,641 137,847

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 25,339 58,512