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REGISTERED NUMBER: 01756254 (England and Wales)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Anthony Wakefield and Company Limited

Anthony Wakefield and Company Limited (Registered number: 01756254)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anthony Wakefield and Company Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: F J Wakefield
C Wakefield
A Cole





REGISTERED OFFICE: 4 Guildford Road
Westcott
Dorking
Surrey
RH4 3NR





BUSINESS ADDRESS: South House
21-37 South Street
Dorking
Surrey
RH4 2JZ





REGISTERED NUMBER: 01756254 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Anthony Wakefield and Company Limited (Registered number: 01756254)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 112,077 113,474
Investments 7 1 1
112,078 113,475

CURRENT ASSETS
Debtors 8 321,567 433,579
Cash at bank 126,915 608,216
448,482 1,041,795
CREDITORS
Amounts falling due within one year 9 269,657 883,020
NET CURRENT ASSETS 178,825 158,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,903

272,250

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Revaluation reserve 12 51,471 51,471
Retained earnings 89,432 70,779
SHAREHOLDERS' FUNDS 290,903 272,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Anthony Wakefield and Company Limited (Registered number: 01756254)

Balance Sheet - continued
29 February 2024


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 22 August 2024 and were signed on its behalf by:




C Wakefield - Director



A Cole - Director


Anthony Wakefield and Company Limited (Registered number: 01756254)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Anthony Wakefield and Company 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
General brokerage and fees are taken as income to the profit and loss account to reflect the performance of the services of the company regardless of the date of the debit note.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated life.


Freehold Property -in accordance with the property
Fixtures & Fittings-10% reducing balance
Computer Equipment-25% on cost

With the exception of freehold property, tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Freehold land and buildings are shown in the balance sheet at deemed cost resulting from a previous GAAP valuation in accordance with the transitional provisions of FRS102 Section 1A.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.


Anthony Wakefield and Company Limited (Registered number: 01756254)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Insurance brokerage assets and liabilities
The company acts as an agent in brokerage for the insurance risks of its clients and is not liable as a principle for premiums due to underwriters, nor for the claims payable to clients.

Notwithstanding the company's legal relationship with clients and underwriters, and since in practice premium and claim monies are usually accounted for by insurance intermediaries, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 35,853
AMORTISATION
At 1 March 2023
and 29 February 2024 35,853
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Anthony Wakefield and Company Limited (Registered number: 01756254)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2023 105,000 144,155 78,483 327,638
Additions - - 468 468
At 29 February 2024 105,000 144,155 78,951 328,106
DEPRECIATION
At 1 March 2023 - 140,079 74,085 214,164
Charge for year - 407 1,458 1,865
At 29 February 2024 - 140,486 75,543 216,029
NET BOOK VALUE
At 29 February 2024 105,000 3,669 3,408 112,077
At 28 February 2023 105,000 4,076 4,398 113,474

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2008 50,575 - - 50,575
Valuation in 2015 (45,000 ) - - (45,000 )
Cost 99,425 144,155 78,951 322,531
105,000 144,155 78,951 328,106

Freehold Property was valued on an open market basis basis on 24 February 2015 by the directors .

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

Anthony Wakefield and Company Limited (Registered number: 01756254)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 141,129 365,544
Amounts owed by group undertakings 170,699 39,342
Other debtors 2,532 2,859
Prepayments and Accrued Income 7,207 25,834
321,567 433,579

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 211,089 791,961
Tax 5,364 5,050
Social security and other taxes 11,278 20,854
Other creditors 4,693 7,573
Accruals and deferred income 20,189 38,919
Accrued expenses 17,044 18,663
269,657 883,020

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 61,534 61,425
Between one and five years 5,550 45,042
67,084 106,467

11. SECURED DEBTS

Bank loans and overdrafts, with Lloyds Plc, are secured by a debenture including a fixed and floating charge over the assets of the company both present and future dated 13 June 1997.

12. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 51,471

13. CONTINGENT LIABILITIES

There is a cross company guarantee in existence between this company and its subsidiary undertaking, Connoisseur Policies Limited which is limited to £25,000 in favour of National Westminster Bank.

Anthony Wakefield and Company Limited (Registered number: 01756254)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

14. CASH AT BANK

Included in cash balances held by the company, is an amount of £89,096 (2023 - £539,043) which is held on behalf of clients.