Company Registration No. 04086286 (England and Wales)
Scott Blain Insurance Consultants Limited
Unaudited accounts
for the year ended 28 February 2017
Scott Blain Insurance Consultants Limited
Unaudited accounts
Contents
Scott Blain Insurance Consultants Limited
Company Information
for the year ended 28 February 2017
Directors
Mr J D Blain
Mr A S Azzopardi
Company Number
04086286 (England and Wales)
Registered Office
Suite 301, Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Scott Blain Insurance Consultants Limited
Statement of financial position
as at
28 February 2017
Tangible assets
6,974
8,023
Cash at bank and in hand
127,247
302,657
Creditors: amounts falling due within one year
(26,358)
(135,067)
Net current assets
105,483
172,162
Net assets
112,457
180,185
Called up share capital
80
80
Capital redemption reserve
20
20
Profit and loss account
112,357
180,085
Shareholders' funds
112,457
180,185
For the year ending 28 February 2017 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.
Approved by the Board on 13 October 2017.
Mr J D Blain
Director
Company Registration No. 04086286
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 28 February 2017
Scott Blain Insurance Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 04086286. The principal place of business is 235-237 East Barnet Road, Barnet, Hertfordshire, EN4 8SS.
2
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.
These financial statements for the year ended
28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
9 below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. 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:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2016
56,657
15,750
72,407
At 28 February 2017
56,657
16,996
73,653
At 1 March 2016
54,399
9,985
64,384
Charge for the year
542
1,753
2,295
At 28 February 2017
54,941
11,738
66,679
At 28 February 2017
1,716
5,258
6,974
At 29 February 2016
2,258
5,765
8,023
Accrued income and prepayments
2,844
4,572
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
22,866
132,763
Loans from directors
1,407
219
Included within other creditors are loans from directors. The loans are unsecured, interest free & repayable on demand.
7
Share capital
2017
2016
Allotted, called up and fully paid:
56 Ordinary Shares of £1 each
56
56
24 A Ordinary Shares of £1 each
24
24
8
Average number of employees
During the year the average number of employees was 8 (2016: 7).
9
Reconciliations on adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.