Binfield Commercial Ins Brokers Ltd - Accounts to registrar - small 17.2

Binfield Commercial Ins Brokers Ltd - Accounts to registrar - small 17.2


PTP Accounts Productionv17.2.1.5204107395director1.1.1631.12.1631.12.16falsetruefalsefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041073952015-12-31041073952016-12-31041073952016-01-012016-12-31041073952014-12-31041073952015-01-012015-12-31041073952015-12-3104107395ns15:EnglandWales2016-01-012016-12-3104107395ns14:PoundSterling2016-01-012016-12-3104107395ns10:Director12016-01-012016-12-3104107395ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3104107395ns10:SmallEntities2016-01-012016-12-3104107395ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3104107395ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3104107395ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3104107395ns10:FullAccounts2016-01-012016-12-310410739512016-01-012016-12-3104107395ns10:RegisteredOffice2016-01-012016-12-3104107395ns5:CurrentFinancialInstruments2016-12-3104107395ns5:CurrentFinancialInstruments2015-12-3104107395ns5:ShareCapital2016-12-3104107395ns5:ShareCapital2015-12-3104107395ns5:RetainedEarningsAccumulatedLosses2016-12-3104107395ns5:RetainedEarningsAccumulatedLosses2015-12-3104107395ns5:NetGoodwill2016-01-012016-12-3104107395ns5:FurnitureFittings2016-01-012016-12-3104107395ns5:ComputerEquipment2016-01-012016-12-3104107395ns5:NetGoodwill2015-12-3104107395ns5:NetGoodwill2016-12-3104107395ns5:NetGoodwill2015-12-3104107395ns5:FurnitureFittings2015-12-3104107395ns5:ComputerEquipment2015-12-3104107395ns5:FurnitureFittings2016-12-3104107395ns5:ComputerEquipment2016-12-3104107395ns5:FurnitureFittings2015-12-3104107395ns5:ComputerEquipment2015-12-3104107395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3104107395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 04107395(England and Wales)








Financial Statements

for the Year Ended 31 December 2016

for

Binfield Commercial Insurance
Brokers Ltd

Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Binfield Commercial Insurance
Brokers Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTOR: P Binfield





REGISTERED OFFICE: James House
153 Grosvenor Road
Aldershot
Hampshire
GU11 3EF





BUSINESS ADDRESS: 3 - 7 Wyndham Street
Aldershot
Hampshire
GU11 4NY





REGISTERED NUMBER: 04107395(England and Wales)





ACCOUNTANTS: Perrin & Co
James House
153 Grosvenor Road
Aldershot
Hampshire
GU11 3EF

Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,775
Tangible assets 5 6,134 7,519
6,134 10,294

CURRENT ASSETS
Debtors 6 104,630 89,686
Cash at bank 90,539 101,768
195,169 191,454
CREDITORS
Amounts falling due within one year 7 199,054 188,239
NET CURRENT (LIABILITIES)/ASSETS (3,885 ) 3,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,249

13,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,149 13,409
SHAREHOLDERS' FUNDS 2,249 13,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 9 August 2017and were signed by:





P Binfield- Director


Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Binfield Commercial Insurance Brokers Ltd is a private company, limited by shares, registered in England and
Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Binfield Commercial Insurance
Brokers Ltd (Registered number: 04107395)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 27,750
AMORTISATION
At 1 January 2016 24,975
Charge for year 2,775
At 31 December 2016 27,750
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 2,775

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 11,644 15,550 27,194
Additions - 659 659
At 31 December 2016 11,644 16,209 27,853
DEPRECIATION
At 1 January 2016 8,292 11,383 19,675
Charge for year 838 1,206 2,044
At 31 December 2016 9,130 12,589 21,719
NET BOOK VALUE
At 31 December 2016 2,514 3,620 6,134
At 31 December 2015 3,352 4,167 7,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 104,630 89,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 150,219 142,383
Taxation and social security 8,132 14,224
Other creditors 40,703 31,632
199,054 188,239

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 were paid to the director .

As at 31 December 2016 other creditors includes an amount of £36,037 (2015: £26,498) being in respect of a
loan owed by the company to its sole director. The amount involved is not subject to interest charges and is
repayable upon demand.