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REGISTERED NUMBER: 03249734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LINKFIELD ACCIDENT MANAGEMENT LIMITED

LINKFIELD ACCIDENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03249734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


LINKFIELD ACCIDENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03249734)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 27,647 16,480
Cash at bank 1,819,046 993,215
1,846,693 1,009,695
CREDITORS
Amounts falling due within one year 6 698,260 414,177
NET CURRENT ASSETS 1,148,433 595,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,433

595,518

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 100 100
Retained earnings 1,147,433 594,518
SHAREHOLDERS' FUNDS 1,148,433 595,518

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 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





M Wells - Director


LINKFIELD ACCIDENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03249734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Linkfield Accident Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03249734

Registered office: 1-3 Linkfield Corner
Redhill
Surrey
RH1 1BL

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


All amounts in the financial statements have been rounded to the nearest £.

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.

Turnover
Turnover represents commissions receivable on accident management cases, net of value added tax. Income is recognised when all contractual responsibilities have been met.

Financial instruments
Basic financial assets, which include trade debtors and and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade and other creditors, amounts owed to group undertakings and accruals are initially recognised at transaction price and are subsequently recognised at amortised cost.

The company has no financial assets or financial liabilities measured at fair value.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


LINKFIELD ACCIDENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03249734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,876 12,537
Other debtors 8,771 3,943
27,647 16,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,258 24,182
Amounts owed to group undertakings 326,304 240,935
Taxation and social security 231,741 90,862
Other creditors 72,957 58,198
698,260 414,177

7. RELATED PARTY DISCLOSURES

During the year the company was charged expenses totalling £1,185,370 (2022: £567,926) and made repayments totalling £1,100,000 (2022: £400,000) to a wholly owned subsidiary of Brian Johnston & Co. (Insurance Services) Limited. At the balance sheet date this company owed £326,304 (2022: £240,935) to Brian Johnston & Co. (Insurance Brokers) Limited.

8. ULTIMATE PARENT COMPANY

Brian Johnston & Co. (Insurance Services) Limited, a company registered in England and Wales, is regarded by the directors as being the company's parent and ultimate parent company. The registered office of Brian Johnston & Co. (Insurance Services) Limited is 1-3 Linkfield Corner Redhill Surrey RH1 1BL