0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 9,555 9,555 xbrli:pure xbrli:shares iso4217:GBP 03887780 2023-01-01 2023-12-31 03887780 2023-12-31 03887780 2022-12-31 03887780 2022-01-01 2022-12-31 03887780 2022-12-31 03887780 2021-12-31 03887780 core:FurnitureFittings 2023-01-01 2023-12-31 03887780 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03887780 bus:Director1 2023-01-01 2023-12-31 03887780 core:WithinOneYear 2023-12-31 03887780 core:WithinOneYear 2022-12-31 03887780 core:FurnitureFittings 2023-12-31 03887780 core:ShareCapital 2023-12-31 03887780 core:ShareCapital 2022-12-31 03887780 core:RetainedEarningsAccumulatedLosses 2023-12-31 03887780 core:RetainedEarningsAccumulatedLosses 2022-12-31 03887780 bus:SmallEntities 2023-01-01 2023-12-31 03887780 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03887780 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03887780 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03887780 bus:FullAccounts 2023-01-01 2023-12-31 03887780 bus:OrdinaryShareClass1 2023-12-31 03887780 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 03887780
CIG Insurance Services Ltd
Filleted Unaudited Financial Statements
31 December 2023
CIG Insurance Services Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
6
37,070
35,501
Cash at bank and in hand
24,498
11,425
--------
--------
61,568
46,926
Creditors: amounts falling due within one year
7
13,670
4,090
--------
--------
Net current assets
47,898
42,836
--------
--------
Total assets less current liabilities
47,898
42,836
--------
--------
Net assets
47,898
42,836
--------
--------
Capital and reserves
Called up share capital
8
6,000
6,000
Profit and loss account
41,898
36,836
--------
--------
Shareholders funds
47,898
42,836
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
A N Coppell
Director
Company registration number: 03887780
CIG Insurance Services Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
20% straight line
4. Average number of employees
During the year the average number of employees was 1 (2022 - 1).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
9,555
9,555
-------
-------
Depreciation
At 1 January 2023 and 31 December 2023
9,555
9,555
-------
-------
Carrying amount
At 31 December 2023
-------
-------
At 31 December 2022
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
37,070
29,570
Amounts due from related undertakings
1,115
Other debtors
4,816
--------
--------
37,070
35,501
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,638
1,260
Director loan accounts
12,032
2,830
--------
-------
13,670
4,090
--------
-------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.10 each
60,000
6,000
60,000
6,000
--------
-------
--------
-------
9. Related party transactions
At the year end the company owed the director £12,032 (2022 - £2,830) which is shown amongst creditors. At the year end a related party owed the company nil (2022 - £1,115) which is shown amongst debtors.