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REGISTERED NUMBER: SC128802 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Holland (Glasgow) Insurance Brokers Ltd

Holland (Glasgow) Insurance Brokers Ltd (Registered number: SC128802)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Holland (Glasgow) Insurance Brokers Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Glancey





REGISTERED OFFICE: 502 St. Vincent Street
Glasgow
Strathclyde
G3 8XU





REGISTERED NUMBER: SC128802 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Holland (Glasgow) Insurance Brokers Ltd (Registered number: SC128802)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,975 168,225

CURRENT ASSETS
Debtors 5 140,437 190,730
Cash at bank and in hand 910,417 592,246
1,050,854 782,976
CREDITORS
Amounts falling due within one year 6 300,235 121,858
NET CURRENT ASSETS 750,619 661,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,594

829,343

CAPITAL AND RESERVES
Called up share capital 43,067 32,777
Share premium - 29,500
Capital redemption reserve - 10,257
Retained earnings 869,527 756,809
SHAREHOLDERS' FUNDS 912,594 829,343

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 director acknowledges his 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.

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 director and authorised for issue on 5 September 2024 and were signed by:



M Glancey - Director


Holland (Glasgow) Insurance Brokers Ltd (Registered number: SC128802)

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

1. STATUTORY INFORMATION

Holland (Glasgow) Insurance Brokers Ltd is a private company, limited by shares , registered in Scotland. 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.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost

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.

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 6 (2022 - 6 ) .

Holland (Glasgow) Insurance Brokers Ltd (Registered number: SC128802)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 205,000 43,157 248,157
DEPRECIATION
At 1 January 2023 36,775 43,157 79,932
Charge for year 6,250 - 6,250
At 31 December 2023 43,025 43,157 86,182
NET BOOK VALUE
At 31 December 2023 161,975 - 161,975
At 31 December 2022 168,225 - 168,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 40,390 83,989
Other debtors 100,047 106,741
140,437 190,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 25,833 35,833
Trade creditors 1,519 10,560
Taxation and social security 100,645 75,371
Other creditors 172,238 94
300,235 121,858

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 25,833 35,833

The Bank of Scotland LLP holds a standard security over the assets of the company.

Holland (Glasgow) Insurance Brokers Ltd (Registered number: SC128802)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M Glancey
Balance outstanding at start of year 71,812 45,653
Amounts advanced 22,773 26,159
Amounts repaid (29,467 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,118 71,812

The above amount are unsecured, interest free and repayable on demand.