Company Registration No. 06506519 (England and Wales)
Bond Private Insurance Services Limited
Unaudited accounts
for the year ended 31 December 2024
Bond Private Insurance Services Limited
Unaudited accounts
Contents
Bond Private Insurance Services Limited
Company Information
for the year ended 31 December 2024
Directors
Richard Frake
Simon Heard
Company Number
06506519 (England and Wales)
Registered Office
1 Cornhill
London
EC3V 3ND
England
Accountants
Onshore Consulting Limited
85 Great Portland Street
London
Surrey
W1W 7LT
Bond Private Insurance Services Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
435,664
367,829
Creditors: amounts falling due within one year
(232,402)
(227,643)
Net current assets
240,788
245,714
Net assets
240,788
248,987
Called up share capital
6,500
6,650
Capital redemption reserve
2,200
2,050
Profit and loss account
232,088
240,287
Shareholders' funds
240,788
248,987
For the year ending 31 December 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 4 August 2025 and were signed on its behalf by
Richard Frake
Director
Company Registration No. 06506519
Bond Private Insurance Services Limited
Notes to the Accounts
for the year ended 31 December 2024
Bond Private Insurance Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06506519. The registered office is 1 Cornhill, London, EC3V 3ND, England.
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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.
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33.3% Straight Line
The company operates a defined contribution scheme for the benefit of its employees.
Once the contributions have been paid the Company has no further payment obligations.
Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Amounts not paid are shown in accruals as a liability on the Balance Sheet.
The assets of the plan are held separately from the company in independently administered funds.
Bond Private Insurance Services Limited
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
19,063
86,052
Accrued income and prepayments
18,163
19,176
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
187,995
199,111
Taxes and social security
27,722
10,158
Other creditors
15,587
14,463
Allotted, called up and fully paid:
3,475 Ordinary A Shares of £1 each
3,475
3,475
3,025 Ordinary B Shares of £1 each
3,025
3,175
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Transactions with related parties
During the year £110,000 (2023: £100,000) was paid to the close family of the two directors for the provision of consultancy services
Bond Private Insurance Services Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).