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Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
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Black Rock Express Insurance and |
Financial Services Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
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for |
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Black Rock Express Insurance and |
Financial Services Limited |
Black Rock Express Insurance and |
Financial Services Limited (Registered number: 04035401) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
Black Rock Express Insurance and |
Financial Services Limited |
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Company Information |
for the Year Ended 31 December 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Black Rock Express Insurance and |
Financial Services Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages three to six) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Black Rock Express Insurance and Financial Services Limited for the year ended |
31 December 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the |
company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Black Rock Express Insurance and Financial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Black Rock Express Insurance and Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Black Rock Express Insurance and Financial Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Black Rock Express Insurance and Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black Rock Express Insurance and Financial Services Limited. You consider that Black Rock Express Insurance and Financial Services Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Black Rock Express |
Insurance and Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the |
accounting records or information and explanations you have given to us and we do not, therefore, express any |
opinion on the statutory financial statements. |
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Chartered Accountants |
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11 July 2015 |
Black Rock Express Insurance and |
Financial Services Limited (Registered number: 04035401) |
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Abbreviated Balance Sheet |
31 December 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL & RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit & loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
Black Rock Express Insurance and |
Financial Services Limited (Registered number: 04035401) |
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Abbreviated Balance Sheet - continued |
31 December 2014 |
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The financial statements were approved by the Board of Directors on
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Black Rock Express Insurance and |
Financial Services Limited (Registered number: 04035401) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
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Changes in accounting policies |
Freehold premises are now depreciated over 50 years as the directors believe that this is a more realistic |
period. No depreciation has been provided in the year as the property has been revalued since the year end. |
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Turnover |
Turnover represents fees and commissions charged. |
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Goodwill |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures & fittings | - |
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Computer equipment | - |
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Freehold premises are included at an open market value for existing use. Movements in freehold valuations are |
taken to the revaluation reserve except where a deficit is deemed permanent, when it is charged to the Profit |
and Loss Account. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Client funds |
Client funds managed by the company as agent, including debtors, creditors and funds held in a designated |
client account, are not funds of the company and so are excluded from the Balance Sheet. The net balance, if |
any, owing to the company from client funds, or vice versa, is shown within debtors or creditors. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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AMORTISATION |
At 1 January 2014 |
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Amortisation for year |
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At 31 December 2014 |
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NET BOOK VALUE |
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At 31 December 2014 |
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At 31 December 2013 |
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Black Rock Express Insurance and |
Financial Services Limited (Registered number: 04035401) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2014 |
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Revaluations | ( |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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Revaluation adjustments | ( |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2014 | 2013 |
£ | £ |
Repayable by instalments | 37,134 | 45,047 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2014 and |
31 December 2013: |
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2014 | 2013 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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