Registration number:
Ntegrity Insurance Solutions Limited
for the Period from 1 November 2022 to 31 December 2023
Pages for filing with Registrar
Ntegrity Insurance Solutions Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Ntegrity Insurance Solutions Limited
Company Information
Directors |
G D Horswell B R K Leah T L Price I Richards J W Woollam |
Registered office |
|
Registered number |
06040578 |
Auditors |
|
Ntegrity Insurance Solutions Limited
(Registration number: 06040578)
Balance Sheet as at 31 December 2023
Note |
31 December |
31 October |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis. Given the company's profitability and financial resources, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Disclosure of long or short period
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable. Revenue in relation to the arrangement of insurance is recognised on the effective date of the insurance policy.
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed 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 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:
Furniture, fixtures and fittings |
20% straight line per annum |
Computer equipment |
33% straight line per annum |
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
Trade debtors
Insurance debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of insurance debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Trade creditors
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Employee benefits
The costs of short-term employee benefits, including the cost of any unused holiday entitlement, are recognised as a liability and an expense in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Tangible fixed assets |
Computer equipment |
Furniture, |
Total |
|
Cost |
|||
At 1 November 2022 |
|
|
|
Additions |
|
- |
|
At 31 December 2023 |
|
|
|
Depreciation |
|||
At 1 November 2022 |
|
|
|
Charge for the period |
|
|
|
At 31 December 2023 |
|
|
|
Carrying amount |
|||
At 31 December 2023 |
|
|
|
At 31 October 2022 |
|
|
|
Debtors: amounts falling due within one year |
Note |
31 December |
31 October |
|
Amounts relating to insurance contracts |
|
|
|
Amounts owed by group undertakings |
|
- |
|
Prepayments |
14,077 |
20,560 |
|
|
|
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Creditors |
Note |
31 December |
31 October |
|
Amounts falling due within one year |
|||
Amounts relating to insurance contracts |
|
|
|
Amounts owed to group undertakings |
|
- |
|
Taxation and social security |
|
- |
|
Other creditors |
- |
|
|
Accruals |
168,411 |
94,437 |
|
Corporation tax |
22,895 |
51,768 |
|
|
|
Share capital |
Allotted, called up and fully paid shares
31 December |
31 October |
|||
No. |
£ |
No. |
£ |
|
|
|
672,830 |
|
672,830 |
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
31 December |
31 October |
|
|
|
Ntegrity Insurance Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2022 to 31 December 2023
Audit report |
As the profit and loss account has been omitted from the filing copy of the financial statements the following information is in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
•
•
• The auditor was