AUL Underwriting Agency Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05881796

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

AUL Underwriting Agency Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D W Johnson

G Hesse

N R O Romyn

SECRETARY:

M J Bowe

REGISTERED OFFICE:

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

REGISTERED NUMBER:

05881796

ACCOUNTANTS:

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

FIXED ASSETS

Tangible assets

4

-

128

CURRENT ASSETS

Debtors

5

8,400,936

6,674,796

Cash at bank

143,610

43,405

8,544,546

6,718,201

CREDITORS

Amounts falling due within one year

6

(1,706,672

)

(867,746

)

NET CURRENT ASSETS

6,837,874

5,850,455

TOTAL ASSETS LESS CURRENT LIABILITIES

6,837,874

5,850,583

ACCRUALS AND DEFERRED INCOME

-

(1,797,710

)

NET ASSETS

6,837,874

4,052,873

CAPITAL AND RESERVES

Called up share capital

1,051,877

722,948

Share premium

5,773,093

3,317,021

Retained earnings

12,904

12,904

SHAREHOLDERS' FUNDS

6,837,874

4,052,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 September 2019 and were signed on its behalf by:

S D W Johnson - Director

1.	STATUTORY INFORMATION

AUL Underwriting Agency Ltd is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

660

DEPRECIATION

At 1 January 2018

532

Charge for year

128

At 31 December 2018

660

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

8,383,461

6,648,321

Other debtors

17,475

26,475

8,400,936

6,674,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Taxation and social security

92,349

15,311

Other creditors

1,614,323

852,435

1,706,672

867,746

7.	ULTIMATE CONTROLLING PARTY