Company Registration No. 04838284 (England and Wales)
Bricks and Motor Insurance Brokers Ltd
Unaudited accounts
for the year ended 31 December 2023
Bricks and Motor Insurance Brokers Ltd
Unaudited accounts
Contents
Bricks and Motor Insurance Brokers Ltd
Company Information
for the year ended 31 December 2023
Company Number
04838284 (England and Wales)
Registered Office
52a Bolton Street
Bury
Lancashire
BL9 0LL
England
Accountants
Accology Limited
Bolton Arena
Arena Approach
Horwich
Lancashire
BL6 6LB
Bricks and Motor Insurance Brokers Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
3,022,033
2,802,413
Creditors: amounts falling due within one year
(421,265)
(374,918)
Net current assets
2,652,312
2,479,165
Net assets
2,655,654
2,482,507
Called up share capital
51
51
Capital redemption reserve
49
49
Profit and loss account
2,655,554
2,482,407
Shareholders' funds
2,655,654
2,482,507
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
Mr S.J.Phillips
Director
Company Registration No. 04838284
Bricks and Motor Insurance Brokers Ltd
Notes to the Accounts
for the year ended 31 December 2023
Bricks and Motor Insurance Brokers Ltd is a private company, limited by shares, registered in England and Wales, registration number 04838284. The registered office is 52a Bolton Street, Bury, Lancashire, BL9 0LL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% pa reducing balance
Computer equipment
25% pa stright line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
At 31 December 2023
200,000
At 31 December 2023
200,000
Bricks and Motor Insurance Brokers Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
13,640
2,511
16,151
At 31 December 2023
13,640
2,511
16,151
At 1 January 2023
13,640
2,511
16,151
At 31 December 2023
13,640
2,511
16,151
6
Investments
Other investments
Valuation at 1 January 2023
3,342
Valuation at 31 December 2023
3,342
Amounts falling due within one year
Trade debtors
50,419
45,420
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
290,414
236,726
Taxes and social security
59,438
61,835
Proposed dividends
-
28,000
Other creditors
71,413
48,357
Allotted, called up and fully paid:
51 Ordinary shares of £1 each
51
51
10
Average number of employees
During the year the average number of employees was 10 (2022: 10).