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Company Registration No. 04086286 (England and Wales)
Scott Blain Insurance Consultants Limited Unaudited accounts for the year ended 29 February 2024
Scott Blain Insurance Consultants Limited Unaudited accounts Contents
Page
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Scott Blain Insurance Consultants Limited Company Information for the year ended 29 February 2024
Directors
Mr J D Blain Mr A S Azzopardi
Company Number
04086286 (England and Wales)
Registered Office
Churchill House, Suite 112 120 Bunns Lane Mill Hill London NW7 2AS
Accountants
Platts Unit 5 Swaker Yard 2B Theobald Street Herts WD6 4SE
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Scott Blain Insurance Consultants Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,089 
9,967 
Current assets
Debtors
24,091 
21,425 
Cash at bank and in hand
563,328 
360,203 
587,419 
381,628 
Creditors: amounts falling due within one year
(148,378)
(54,951)
Net current assets
439,041 
326,677 
Total assets less current liabilities
458,130 
336,644 
Creditors: amounts falling due after more than one year
(19,224)
(22,500)
Net assets
438,906 
314,144 
Capital and reserves
Called up share capital
80 
80 
Capital redemption reserve
20 
20 
Profit and loss account
438,806 
314,044 
Shareholders' funds
438,906 
314,144 
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Mr A S Azzopardi Director Company Registration No. 04086286
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Scott Blain Insurance Consultants Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Scott Blain Insurance Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 04086286. The registered office is Churchill House, Suite 112, 120 Bunns Lane, Mill Hill, London, NW7 2AS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Scott Blain Insurance Consultants Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
- 
58,693 
30,734 
89,427 
Additions
12,995 
1,262 
1,227 
15,484 
At 29 February 2024
12,995 
59,955 
31,961 
104,911 
Depreciation
At 1 March 2023
- 
57,662 
21,798 
79,460 
Charge for the year
3,249 
573 
2,540 
6,362 
At 29 February 2024
3,249 
58,235 
24,338 
85,822 
Net book value
At 29 February 2024
9,746 
1,720 
7,623 
19,089 
At 28 February 2023
- 
1,031 
8,936 
9,967 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,000 
11,373 
Other debtors
16,091 
10,052 
24,091 
21,425 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
3,021 
- 
Taxes and social security
129,316 
39,505 
Loans from directors
641 
46 
Accruals
5,400 
5,400 
148,378 
54,951 
Included within other creditors are loans from directors. The loans are unsecured, interest free & repayable on demand.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,500 
22,500 
Obligations under finance leases and hire purchase contracts
6,724 
- 
19,224 
22,500 
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Scott Blain Insurance Consultants Limited Notes to the Accounts for the year ended 29 February 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
56 Ordinary Shares of £1 each
56 
56 
24 A Ordinary Shares of £1 each
24 
24 
80 
80 
9
Average number of employees
During the year the average number of employees was 13 (2023: 12).
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