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Registration number: 04299061

1stop Insurance Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

1stop Insurance Consultants Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

1stop Insurance Consultants Ltd

Company Information

Directors

Mr RJ Hiscox

Mrs PA Hiscox

Mr L A C Hiscox

Company secretary

Mr R J Hiscox

Registered office

2 Birdwood Close
Selsdon
Croydon
Surrey
CR2 8QG

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

1stop Insurance Consultants Ltd

(Registration number: 04299061)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

107

142

Current assets

 

Debtors

5

52,104

44,598

Cash at bank and in hand

 

420,228

304,238

 

472,332

348,836

Creditors: Amounts falling due within one year

6

(248,820)

(188,644)

Net current assets

 

223,512

160,192

Net assets

 

223,619

160,334

Capital and reserves

 

Called up share capital

1,001

1,001

Retained earnings

222,618

159,333

Shareholders' funds

 

223,619

160,334

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

.........................................
Mr RJ Hiscox
Director

   
     
 

1stop Insurance Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Birdwood Close
Selsdon
Croydon
Surrey
CR2 8QG

These financial statements were authorised for issue by the Board on 20 August 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

1stop Insurance Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2023

3,814

7,402

11,216

At 31 May 2024

3,814

7,402

11,216

Depreciation

At 1 June 2023

3,742

7,332

11,074

Charge for the year

17

18

35

At 31 May 2024

3,759

7,350

11,109

Carrying amount

At 31 May 2024

55

52

107

At 31 May 2023

72

70

142

5

Debtors

2024
£

2023
£

Other debtors

33,637

31,133

Prepayments

18,467

13,465

52,104

44,598

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

148,836

129,467

Taxation and social security

39,430

22,088

Accruals and deferred income

59,131

34,115

Other creditors

1,423

2,974

248,820

188,644