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REGISTERED NUMBER: 14625166 (England and Wales)







Financial Statements

for the Period 1st February 2024 to 31st October 2024

for

ReidBar Insurance Brokers Limited

ReidBar Insurance Brokers Limited (Registered number: 14625166)






Contents of the Financial Statements
for the Period 1st February 2024 to 31st October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ReidBar Insurance Brokers Limited

Company Information
for the Period 1st February 2024 to 31st October 2024







DIRECTOR: G Barber





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 14625166 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

ReidBar Insurance Brokers Limited (Registered number: 14625166)

Abridged Balance Sheet
31st October 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,787 499

CURRENT ASSETS
Debtors 31,421 8,367
Cash at bank and in hand 101,167 70,768
132,588 79,135
CREDITORS
Amounts falling due within one year 73,909 23,053
NET CURRENT ASSETS 58,679 56,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,466

56,581

PROVISIONS FOR LIABILITIES 529 -
NET ASSETS 60,937 56,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,837 56,481
60,937 56,581

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14th February 2025 and were signed by:





G Barber - Director


ReidBar Insurance Brokers Limited (Registered number: 14625166)

Notes to the Financial Statements
for the Period 1st February 2024 to 31st October 2024

1. STATUTORY INFORMATION

ReidBar Insurance Brokers 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
Turnover 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

TAXATION
Taxation for the period 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

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 period was 2 (2024 - NIL ) .

ReidBar Insurance Brokers Limited (Registered number: 14625166)

Notes to the Financial Statements - continued
for the Period 1st February 2024 to 31st October 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2024 749
Additions 3,607
At 31st October 2024 4,356
DEPRECIATION
At 1st February 2024 250
Charge for period 1,319
At 31st October 2024 1,569
NET BOOK VALUE
At 31st October 2024 2,787
At 31st January 2024 499