IRIS Accounts Production v24.3.0.553 05832152 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058321522023-07-31058321522024-07-31058321522023-08-012024-07-31058321522022-07-31058321522022-08-012023-07-31058321522023-07-3105832152ns15:EnglandWales2023-08-012024-07-3105832152ns14:PoundSterling2023-08-012024-07-3105832152ns10:Director12023-08-012024-07-3105832152ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105832152ns10:SmallEntities2023-08-012024-07-3105832152ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105832152ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105832152ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105832152ns10:FullAccounts2023-08-012024-07-3105832152ns10:OrdinaryShareClass12023-08-012024-07-3105832152ns10:CompanySecretary12023-08-012024-07-3105832152ns10:RegisteredOffice2023-08-012024-07-3105832152ns5:CurrentFinancialInstruments2024-07-3105832152ns5:CurrentFinancialInstruments2023-07-3105832152ns5:ShareCapital2024-07-3105832152ns5:ShareCapital2023-07-3105832152ns5:FurnitureFittings2023-08-012024-07-3105832152ns5:ComputerEquipment2023-08-012024-07-3105832152ns5:FurnitureFittings2023-07-3105832152ns5:ComputerEquipment2023-07-3105832152ns5:FurnitureFittings2024-07-3105832152ns5:ComputerEquipment2024-07-3105832152ns5:FurnitureFittings2023-07-3105832152ns5:ComputerEquipment2023-07-3105832152ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3105832152ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105832152ns10:OrdinaryShareClass12024-07-31













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

James McCrone Insurance Brokers Limited

James McCrone Insurance Brokers Limited (Registered number: 05832152)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


James McCrone Insurance Brokers Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A L Benedikz





SECRETARY: Miss M McCrone





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 05832152 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

James McCrone Insurance Brokers Limited (Registered number: 05832152)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,729 2,953

CURRENT ASSETS
Debtors 5 29,177 190,766
Cash at bank 126,387 168,843
155,564 359,609
CREDITORS
Amounts falling due within one year 6 48,496 257,727
NET CURRENT ASSETS 107,068 101,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,797

104,835

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 98,797 94,835
SHAREHOLDERS' FUNDS 108,797 104,835

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 7 November 2024 and were signed by:





A L Benedikz - Director


James McCrone Insurance Brokers Limited (Registered number: 05832152)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

James McCrone 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 represents net commissions received from insurance brokerage.

It is recognised when the company obtains the right to consideration and in addition once the client premium has been paid and funds cleared.

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 - Straight line over 3 years

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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 (2023 - 1 ) .

James McCrone Insurance Brokers Limited (Registered number: 05832152)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 3,441 8,842 12,283
DEPRECIATION
At 1 August 2023 3,441 5,889 9,330
Charge for year - 1,224 1,224
At 31 July 2024 3,441 7,113 10,554
NET BOOK VALUE
At 31 July 2024 - 1,729 1,729
At 31 July 2023 - 2,953 2,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,308 186,241
Other debtors 1,080 1,080
Prepayments and accrued income 1,789 3,445
29,177 190,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,835 217,060
Tax 9,000 28,325
Directors' current accounts 56 1,737
Accrued expenses 10,605 10,605
48,496 257,727

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Estate of the Director, J. McCrone.