Registered Number 00840234

F. R. BALL (INSURANCE) LIMITED

Abbreviated Accounts

31 December 2015

F. R. BALL (INSURANCE) LIMITED Registered Number 00840234

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 46,224 57,320
Investments 3 2,641 2,641
48,865 59,961
Current assets
Debtors 702,863 742,093
Cash at bank and in hand 296,876 228,829
999,739 970,922
Creditors: amounts falling due within one year (671,413) (711,507)
Net current assets (liabilities) 328,326 259,415
Total assets less current liabilities 377,191 319,376
Creditors: amounts falling due after more than one year (9,500) (14,250)
Provisions for liabilities (2,200) (3,300)
Total net assets (liabilities) 365,491 301,826
Capital and reserves
Called up share capital 4 1,000 1,000
Profit and loss account 364,491 300,826
Shareholders' funds 365,491 301,826
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 March 2016

And signed on their behalf by:
V Wadsworth, Director

F. R. BALL (INSURANCE) LIMITED Registered Number 00840234

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover includes Insurance and Building Society commissions and fees. Credit is taken for commissions when premiums and investments are received by the company. The company's entire turnover derives from within the United Kingdom.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and buildingsLeasehold 5% per annum on reducing balance basis
Fixtures, fittings & equipment 15% per annum on reducing balance basis or 20% straight line
Motor vehicles 25%per annum reducing balance basis

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary underatking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Insurance Broking Assets and Liabilities
The company acts as an agent in broking the insurable risks of its clients and generally is not liable as a principal for premiums due to underwriters nor for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters, and since in practice premium and claim monies are usually accounted for ny insurance intermediaries, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.

2Tangible fixed assets
£
Cost
At 1 January 2015 291,338
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 291,338
Depreciation
At 1 January 2015 234,018
Charge for the year 11,096
On disposals -
At 31 December 2015 245,114
Net book values
At 31 December 2015 46,224
At 31 December 2014 57,320

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:

Company - Gateway Capital Ltd
Country of registratin or incorporation - England and Wales
Class - Ordinary
% - 100

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:-

Company - Gateway Capital Ltd
Principal activity - Finance providers
Capital and reserves 2105 - £4,675
Profit/(Loss) for the year 2015 - £66,515

The unlisted investment represents two Welsh Rugby Union Debentures which were acquired for £2,640.

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1,000 Ordinary shares of £1 each 1,000 1,000