CIG Insurance Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03887780

CIG Insurance Services Ltd

Filleted Unaudited Financial Statements

31 December 2024

CIG Insurance Services Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	6	38,858	37,070
Cash at bank and in hand		16,068	24,498
		--------	--------
		54,926	61,568

Creditors: amounts falling due within one year	7	1,650		13,670
		--------		--------
Net current assets			53,276		47,898
			--------		--------
Total assets less current liabilities			53,276		47,898
			--------		--------
Net assets			53,276		47,898
			--------		--------

Capital and reserves

Called up share capital	8	6,000	6,000
Profit and loss account		47,276	41,898
		--------	--------
Shareholders funds		53,276	47,898
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

A N Coppell
Director

Company registration number: 03887780

CIG Insurance Services Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	20% straight line

4. Average number of employees

During the year the average number of employees was 1 (2023 - 1).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	9,555	9,555
	-------	-------
Depreciation
At 1 January 2024 and 31 December 2024	9,555	9,555
	-------	-------
Carrying amount
At 31 December 2024	–	–
	-------	-------
At 31 December 2023	–	–
	-------	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	31,400	37,070
Director's loan account	7,458	–
	--------	--------
	38,858	37,070
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	1,650	1,638
Director loan accounts	–	12,032
	-------	--------
	1,650	13,670
	-------	--------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.10 each	60,000	6,000	60,000	6,000
	--------	-------	--------	-------

9. Director's advances, credits and guarantees

At the year end A N Coppell owed the company £7,458 (2023 - £12,032 creditor) which is shown amongst debtors. The maximum amount outstanding during the year was £7,458. Interest of £217 has been charged on this loan. The loan has been repaid post year end.