Illingworth McNair Limited - Limited company - abbreviated

REGISTERED NUMBER: 01068390 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Illingworth McNair Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Illingworth

Mrs S E Illingworth

J M Illingworth

A Kelly

Mrs A Jenkins

SECRETARY:

Mrs S E Illingworth

REGISTERED OFFICE:

164 Main Street

Bingley

West Yorkshire

BD16 2HR

REGISTERED NUMBER:

01068390 (England and Wales)

ACCOUNTANTS:

Walker Broadbent Associates

Chartered Accountants

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

FIXED ASSETS

Intangible assets

2

55,000

-

Tangible assets

3

15,689

14,726

Investments

4

11,375

82,064

26,101

CURRENT ASSETS

Debtors

125,200

79,126

Cash at bank and in hand

114,192

100,118

239,392

179,244

CREDITORS

Amounts falling due within one year

79,261

45,699

NET CURRENT ASSETS

160,131

133,545

TOTAL ASSETS LESS CURRENT
LIABILITIES

242,195

159,646

PROVISIONS FOR LIABILITIES

2,511

NET ASSETS

239,684

157,135

CAPITAL AND RESERVES

Called up share capital

5

6,000

Profit and loss account

233,684

151,135

SHAREHOLDERS' FUNDS

239,684

157,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 September 2014 and were signed on its behalf
by:

D J Illingworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents brokerage and fees receivable. Income is recognised when debit or fee notes are issued,

irrespective of the inception date or period of insurance.

Where the period of the policy is in excess of one year the brokerage is apportioned between the accounting

periods covered by the policy.

Alterations in brokerage arising from returns, additional premiums and adjustments are taken into account as and

when these occur.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company makes contributions to the personal pensions of certain members of staff, on both a

"salary-sacrifice" and non "salary-sacrifice" basis, but has no formal pension scheme in place.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

68,750

At 30 June 2014

68,750

AMORTISATION

Amortisation for year

13,750

At 30 June 2014

13,750

NET BOOK VALUE

At 30 June 2014

55,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

100,013

Additions

5,308

At 30 June 2014

105,321

DEPRECIATION

At 1 July 2013

85,287

Charge for year

4,345

At 30 June 2014

89,632

NET BOOK VALUE

At 30 June 2014

15,689

At 30 June 2013

14,726

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

15,296

PROVISIONS

At 1 July 2013

and 30 June 2014

3,921

NET BOOK VALUE

At 30 June 2014

11,375

At 30 June 2013

11,375

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

4,800

"A"ordinary

£1

4,800

600

"B" Ordinary shares

£1

600

"C" Ordinary shares

£1

600

6,000