A+ Insurance Services Ltd - Filleted accounts

Registered number

02657979

A+ Insurance Services Ltd

Filleted Accounts

30 April 2017

A+ Insurance Services Ltd
Registered number:		02657979
Balance Sheet
as at 30 April 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	3		48,618			64,263

Current assets
Debtors	4	561,516			708,393
Cash at bank and in hand		1,767			9,030
		563,283			717,423

Creditors: amounts falling due within one year	5	(315,190)			(333,566)

Net current assets			248,093			383,857

Total assets less current liabilities			296,711			448,120

Creditors: amounts falling due after more than one year	6		(28,865)			(33,905)

Provisions for liabilities			(9,237)			(12,853)


Net assets			258,609			401,362

Capital and reserves
Called up share capital			551,010			551,010
Profit and loss account			(292,401)			(149,648)

Shareholders' funds			258,609			401,362

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stephen Grail
Director
Approved by the board on 11 January 2018

A+ Insurance Services Ltd
Notes to the Accounts
for the year ended 30 April 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.


2	Employees		2017		2016
Number				Number

	Average number of persons employed by the company		6		5


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 May 2016				177,585
	Additions				379
	At 30 April 2017				177,964

	Depreciation
	At 1 May 2016				113,322
	Charge for the year				16,024
	At 30 April 2017				129,346

	Net book value
	At 30 April 2017				48,618
	At 30 April 2016				64,263


4	Debtors		2017		2016
£				£

	Trade debtors		26,355		64,593
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		273,774		320,276
	Other debtors		261,387		323,524
			561,516		708,393


5	Creditors: amounts falling due within one year		2017		2016
£				£

	Bank loans and overdrafts		4,906		23,626
	Trade creditors		83,754		78,242
	Taxation and social security costs		13,744		28,737
	Director's loan account		199,102		194,849
	Other creditors		13,684		8,112
			315,190		333,566


6	Creditors: amounts falling due after one year		2017		2016
£				£

	Bank loans		28,865		33,905


7	Controlling party

	The company's ultimate parent company is Grosvenor Private Finance Limited, a company incorporated in the United Kingdom.


8	Other information

	A+ Insurance Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 16 Sovereign Park, Cleveland Way
	Hemel Hempstead Industrial Estate
	Hemel Hempstead
	Hertfordshire
	HP2 7DA