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REGISTERED NUMBER: 09068041















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

COLMORE INSURANCE BROKERS LTD

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLMORE INSURANCE BROKERS LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr A Copeland
Mr A Smallwood





REGISTERED OFFICE: 16 Hennals Avenue
Redditch
Worcestershrie
B97 5RX





REGISTERED NUMBER: 09068041





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,896 95,974
Investments 5 - -
62,896 95,974

CURRENT ASSETS
Debtors 6 1,005,111 873,362
Cash at bank 97 757,943
1,005,208 1,631,305
CREDITORS
Amounts falling due within one year 7 211,026 440,820
NET CURRENT ASSETS 794,182 1,190,485
TOTAL ASSETS LESS CURRENT LIABILITIES 857,078 1,286,459

CREDITORS
Amounts falling due after more than one
year

8

(150,181

)

(230,431

)

PROVISIONS FOR LIABILITIES 9 (531 ) (2,422 )
NET ASSETS 706,366 1,053,606

CAPITAL AND RESERVES
Called up share capital 10 21,000 21,000
Retained earnings 685,366 1,032,606
SHAREHOLDERS' FUNDS 706,366 1,053,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

BALANCE SHEET - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th April 2024 and were signed on its behalf by:




Mr A Copeland - Director



Mr A Smallwood - Director


COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Colmore Insurance Brokers Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Improvements to property - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 - 38,487 112,340 26,561 177,388
Additions 12,690 - - - 12,690
Disposals - - (23,750 ) - (23,750 )
At 31st December 2023 12,690 38,487 88,590 26,561 166,328
DEPRECIATION
At 1st January 2023 - 29,236 29,114 23,064 81,414
Charge for year 2,538 7,203 22,843 2,747 35,331
Eliminated on disposal - - (13,313 ) - (13,313 )
At 31st December 2023 2,538 36,439 38,644 25,811 103,432
NET BOOK VALUE
At 31st December 2023 10,152 2,048 49,946 750 62,896
At 31st December 2022 - 9,251 83,226 3,497 95,974

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st January 2023
and 31st December 2023 136,595
PROVISIONS
At 1st January 2023
and 31st December 2023 136,595
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 507,656 386,192
Amounts owed by associates 326,238 312,272
Other debtors 90,290 79,363
Directors' loan accounts 53,986 80,877
Prepayments 26,941 14,658
1,005,111 873,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,867 -
Other loans 78,425 83,487
Trade creditors 35,154 8,550
Tax 5,341 330,331
Social security and other taxes 12,514 12,584
Other creditors 16,516 1,696
Directors' current accounts - 1,472
Directors' loan accounts 20,509 -
Accrued expenses 2,700 2,700
211,026 440,820

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 75,000 75,000
Other loans - 2-5 years 71,730 146,480
Other creditors 3,451 8,951
150,181 230,431

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 531 2,422

Deferred
tax
£   
Balance at 1st January 2023 2,422
Provided during year (1,891 )
Balance at 31st December 2023 531

COLMORE INSURANCE BROKERS LTD (REGISTERED NUMBER: 09068041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
21,000 Ordinary £1 21,000 21,000