Company Registration No. 04086286 (England and Wales)
Scott Blain Insurance Consultants Limited
Unaudited accounts
for the year ended 28 February 2022
Scott Blain Insurance Consultants Limited
Unaudited accounts
Contents
Scott Blain Insurance Consultants Limited
Company Information
for the year ended 28 February 2022
Directors
Mr J D Blain
Mr A S Azzopardi
Company Number
04086286 (England and Wales)
Registered Office
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
Scott Blain Insurance Consultants Limited
Statement of financial position
as at
28 February 2022
Tangible assets
7,421
3,579
Cash at bank and in hand
387,114
323,183
Creditors: amounts falling due within one year
(66,185)
(73,833)
Net current assets
341,764
267,848
Total assets less current liabilities
349,185
271,427
Creditors: amounts falling due after more than one year
(32,500)
(40,625)
Net assets
316,685
230,802
Called up share capital
80
80
Capital redemption reserve
20
20
Profit and loss account
316,585
230,702
Shareholders' funds
316,685
230,802
For the year ending 28 February 2022 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 9 May 2022 and were signed on its behalf by
Mr A S Azzopardi
Director
Company Registration No. 04086286
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 28 February 2022
Scott Blain Insurance Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 04086286. The registered office is Churchill House, Suite 112, 120 Bunns Lane, Mill Hill, London, NW7 2AS.
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.
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.
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
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 28 February 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
58,126
19,119
77,245
Additions
136
6,179
6,315
At 28 February 2022
58,262
25,298
83,560
At 1 March 2021
57,005
16,661
73,666
Charge for the year
314
2,159
2,473
At 28 February 2022
57,319
18,820
76,139
At 28 February 2022
943
6,478
7,421
At 28 February 2021
1,121
2,458
3,579
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
11,969
10,866
Other debtors
8,866
7,632
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
9,375
Taxes and social security
53,759
64,161
Loans from directors
54
18
Included within other creditors are loans from directors. The loans are unsecured, interest free & repayable on demand.
7
Creditors: amounts falling due after more than one year
2022
2021
8
Share capital
2022
2021
Allotted, called up and fully paid:
56 Ordinary Shares of £1 each
56
56
24 A Ordinary Shares of £1 each
24
24
Scott Blain Insurance Consultants Limited
Notes to the Accounts
for the year ended 28 February 2022
9
Average number of employees
During the year the average number of employees was 13 (2021: 11).