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REGISTERED NUMBER: 04670817 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

ABCO INSURANCE SERVICES LIMITED

ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABCO INSURANCE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTORS: C Abbott
Mrs S Abbott





SECRETARY: J K Abbott





REGISTERED OFFICE: 76 High Street
Earls Colne
Colchester
Essex
CO6 2QX





REGISTERED NUMBER: 04670817 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)

BALANCE SHEET
31 JULY 2017

31.7.16 31.7.17
£    £    Notes £    £   
FIXED ASSETS
80,000 Intangible assets 4 72,000
2,958 Tangible assets 5 3,221
82,958 75,221

CURRENT ASSETS
1,322 Debtors 6 28,112
62,386 Cash at bank and in hand 56,673
63,708 84,785
CREDITORS
35,118 Amounts falling due within one year 7 48,320
28,590 NET CURRENT ASSETS 36,465
111,548 TOTAL ASSETS LESS CURRENT
LIABILITIES

111,686

- PROVISIONS FOR LIABILITIES 214
111,548 NET ASSETS 111,472

CAPITAL AND RESERVES
90,000 Called up share capital 90,000
21,548 Retained earnings 21,472
111,548 SHAREHOLDERS' FUNDS 111,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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.

ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)

BALANCE SHEET - continued
31 JULY 2017


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 19 April 2018 and were signed on its
behalf by:





C Abbott - Director


ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

1. STATUTORY INFORMATION

Abco Insurance Services 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. 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 July 2017 are the first that are prepared in
accordance with FRS 102 Section 1A. The previous financial statements were prepared in
accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 August 2015.

Turnover
Turnover represents the value of commissions and fees earned during the accounting period.

Goodwill
The goodwill of the business is being written off over its estimated useful economic life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.


ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2016
and 31 July 2017 80,000
AMORTISATION
Amortisation for year 8,000
At 31 July 2017 8,000
NET BOOK VALUE
At 31 July 2017 72,000
At 31 July 2016 80,000

ABCO INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 04670817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2016 16,661
Additions 1,337
At 31 July 2017 17,998
DEPRECIATION
At 1 August 2016 13,703
Charge for year 1,074
At 31 July 2017 14,777
NET BOOK VALUE
At 31 July 2017 3,221
At 31 July 2016 2,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade debtors 26,943 -
Prepayments 1,169 1,322
28,112 1,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Social security and other taxes - 232
Other creditors 38,345 24,989
J Abbott loan account 7,921 -
Directors' current accounts 122 8,043
Accrued expenses 1,932 1,854
48,320 35,118