A J Insurance Service (Holdings) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07162142 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A J INSURANCE SERVICE (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J M Kemp

Mrs P Hare

Mr T J Wyatt

Mr N Powell

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

07162142 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

Chartered Certified Accountants

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Intangible assets

5

1,531,250

1,656,250

Investments

6

50,000

50,000

1,581,250

1,706,250

CURRENT ASSETS

Cash at bank

49

24

CREDITORS

Amounts falling due within one year

7

840,084

1,070,824

NET CURRENT LIABILITIES

(840,035

)

(1,070,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

741,215

635,450

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

741,115

635,350

SHAREHOLDERS' FUNDS

741,215

635,450

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Board of Directors on 26 April 2018 and were signed on its behalf by:

Mr J M Kemp - Director

1.	STATUTORY INFORMATION

A J Insurance Service (Holdings) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the

ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured,

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

Consolidation

The company has claimed exemption under section 398 of the Companies Act 2006 from the preparation of group

accounts on the grounds that the group is small.

The accounts give information about the company as an individual undertaking and not about its group.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

2,500,000

AMORTISATION

At 1 April 2017

843,750

Charge for year

125,000

At 31 March 2018

968,750

NET BOOK VALUE

At 31 March 2018

1,531,250

At 31 March 2017

1,656,250

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

50,000

NET BOOK VALUE

At 31 March 2018

50,000

At 31 March 2017

50,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

AJ Insurance Service Limited

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2018

2017

£

£

Aggregate capital and reserves

385,473

396,330

Profit for the year

293,766

299,592

Group Accounts are not required as AJ Insurance Service (Holdings) Limited is the parent company of a small sized

group.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

393,033

360,187

Corporation tax

180

45

Social security and other taxes

5,216

5,743

Other creditors

1,970

50,535

Directors' current accounts

439,685

654,314

840,084

1,070,824

8.	RELATED PARTY DISCLOSURES