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REGISTERED NUMBER: 01599033 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

R. MCGEE INSURANCE BROKER LIMITED

R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R. MCGEE INSURANCE BROKER LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A J Mcgee
M J Hartigan





SECRETARY: A Hunter





REGISTERED OFFICE: 126 Commercial Street
Maesteg
Bridgend
CF37 9DL





REGISTERED NUMBER: 01599033 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,992 9,646
Investments 5 - -
7,992 9,646

CURRENT ASSETS
Debtors 6 69,415 75,902
Cash at bank 377,919 324,001
447,334 399,903
CREDITORS
Amounts falling due within one year 7 (119,587 ) (41,882 )
NET CURRENT ASSETS 327,747 358,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,739

367,667

PROVISIONS FOR LIABILITIES (1,833 ) (1,833 )
NET ASSETS 333,906 365,834

CAPITAL AND RESERVES
Called up share capital 8 140 140
Retained earnings 9 333,766 365,694
SHAREHOLDERS' FUNDS 333,906 365,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)

Balance Sheet - continued
30 NOVEMBER 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 28 August 2024 and were signed on its behalf by:





A J Mcgee - Director


R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

R. McGee Insurance Broker 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 and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 ) .

R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 44,999
DEPRECIATION
At 1 December 2022 35,353
Charge for year 1,654
At 30 November 2023 37,007
NET BOOK VALUE
At 30 November 2023 7,992
At 30 November 2022 9,646

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 100,500
PROVISIONS
At 1 December 2022
and 30 November 2023 100,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,519 59,080
Other debtors 11,526 11,526
Prepayments 6,370 5,296
69,415 75,902

R. MCGEE INSURANCE BROKER LIMITED (REGISTERED NUMBER: 01599033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 25,719 30,766
Social security and other taxes 2,837 1,664
Other creditors 1,856 5,110
Directors' current accounts 975 322
Accrued expenses 88,200 4,020
119,587 41,882

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
140 Ordinary 1 140 140

9. RESERVES
Retained
earnings
£   

At 1 December 2022 365,694
Profit for the year 83,072
Dividends (115,000 )
At 30 November 2023 333,766

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts owed to A. McGee at the 30th November 2023 £975 (2022 £322) These amounts are repayable on demand and interest free