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REGISTERED NUMBER: 06678489 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Business Insurance Broking Services Ltd

Business Insurance Broking Services Ltd (Registered number: 06678489)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Business Insurance Broking Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs Simone Cudworth





REGISTERED OFFICE: 166-170 Lee Lane
Horwich
Bolton
BL6 7AF





REGISTERED NUMBER: 06678489 (England and Wales)





ACCOUNTANTS: Mike Egan & Co Limited
Chartered Accountants
168 Lee Lane
Horwich
Bolton
Lancashire
BL6 7AF

Business Insurance Broking Services Ltd (Registered number: 06678489)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,644 3,284
3,644 3,284

CURRENT ASSETS
Debtors 6 56,615 84,535
Cash at bank 164,237 150,762
220,852 235,297
CREDITORS
Amounts falling due within one year 7 (104,610 ) (120,806 )
NET CURRENT ASSETS 116,242 114,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,886

117,775

CAPITAL AND RESERVES
Called up share capital 50,242 50,242
Retained earnings 69,644 67,533
SHAREHOLDERS' FUNDS 119,886 117,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:



Mrs Simone Cudworth - Director


Business Insurance Broking Services Ltd (Registered number: 06678489)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Business Insurance Broking Services Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 70,000
AMORTISATION
At 1 October 2023
and 30 September 2024 70,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Business Insurance Broking Services Ltd (Registered number: 06678489)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 12,298 3,509 15,807
Additions 145 1,430 1,575
At 30 September 2024 12,443 4,939 17,382
DEPRECIATION
At 1 October 2023 10,808 1,715 12,523
Charge for year 409 806 1,215
At 30 September 2024 11,217 2,521 13,738
NET BOOK VALUE
At 30 September 2024 1,226 2,418 3,644
At 30 September 2023 1,490 1,794 3,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,652 37,298
Other debtors 27,606 46,880
Prepayments and accrued income 357 357
56,615 84,535

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,431 68,630
Tax 29,265 26,895
Social security and other taxes - 64
Other creditors 14,438 16,712
Directors' loan accounts 5 34
Accrued expenses 18,471 8,471
104,610 120,806

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £91,000 were paid to the director .

In creditors is an amount owing to the director of £5.00.