Registered Number 00840234
F. R. BALL (INSURANCE) LIMITED
Abbreviated Accounts
31 December 2012
Notes | 2012 | 2011 | |
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
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
Tangible assets depreciation policy
Land and buildngs Leasehold 5% per annum on reducing balance basis
Fixtures, fittings & equipment 15% per annum on reducing balance basis or
20% straight line basis
Motor vehicles 25% per annum reducing balance basis
Other accounting policies
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking 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 by 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.
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Cost | |
At 1 January 2012 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2012 |
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Depreciation | |
At 1 January 2012 |
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Charge for the year |
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On disposals |
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At 31 December 2012 |
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Net book values | |
At 31 December 2012 | 32,491 |
At 31 December 2011 | 43,088 |
3Fixed assets Investments
The company holds more than 20% of the share capital of the following companies:-
Gateway Capital Ltd 100% shares held
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:-
Capital and reserves £,2505
Profit for the year £43,556
The unlisted investment represents two Welsh Rugby Debentures which were acquired for £2,640.
2012
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2011
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Secured Debts |
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