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
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
Scott Blain Insurance Consultants Limited
Statement of financial position
as at 29 February 2024
Tangible assets
19,089
9,967
Cash at bank and in hand
563,328
360,203
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
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
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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 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.
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
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.
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
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
At 29 February 2024
9,746
1,720
7,623
19,089
At 28 February 2023
-
1,031
8,936
9,967
Amounts falling due within one year
Accrued income and prepayments
8,000
11,373
Other debtors
16,091
10,052
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
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
Obligations under finance leases and hire purchase contracts
6,724
-
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
56 Ordinary Shares of £1 each
56
56
24 A Ordinary Shares of £1 each
24
24
9
Average number of employees
During the year the average number of employees was 13 (2023: 12).