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REGISTERED NUMBER: 06317784 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MARSH INSURANCE SERVICES (KENT) LIMITED

MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARSH INSURANCE SERVICES (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M J Howgego





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06317784 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,013 3,467

CURRENT ASSETS
Debtors 5 77,597 67,340
Cash at bank and in hand 49,945 41,683
127,542 109,023
CREDITORS
Amounts falling due within one year 6 96,786 69,073
NET CURRENT ASSETS 30,756 39,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,769

43,417

CREDITORS
Amounts falling due after more than one
year

7

(30,446

)

(36,001

)

PROVISIONS FOR LIABILITIES 9 (1,143 ) (659 )
NET ASSETS 5,180 6,757

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 5,080 6,657
SHAREHOLDERS' FUNDS 5,180 6,757

MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2024 and were signed by:





Mr M J Howgego - Director


MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Marsh Insurance Services (Kent) Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 February 2023 21,760 13,449 35,209
Additions 216 4,335 4,551
At 31 January 2024 21,976 17,784 39,760
Depreciation
At 1 February 2023 19,193 12,549 31,742
Charge for year 696 1,309 2,005
At 31 January 2024 19,889 13,858 33,747
Net book value
At 31 January 2024 2,087 3,926 6,013
At 31 January 2023 2,567 900 3,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,605 4,873
Other debtors 71,992 62,467
77,597 67,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 12,296 5,000
Trade creditors 50,797 38,279
Amounts owed to group undertakings 24,803 15,902
Taxation and social security 4,866 2,991
Other creditors 4,024 6,901
96,786 69,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 30,446 36,001

MARSH INSURANCE SERVICES (KENT) LIMITED (REGISTERED NUMBER: 06317784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 7,296 -
Bank loans 5,000 5,000
12,296 5,000

Amounts falling due between one and two years:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,446 26,001

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 1,143 659

Deferred
tax
£   
Balance at 1 February 2023 659
Charge to Statement of Income and Retained Earnings during year 484
Balance at 31 January 2024 1,143

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100