NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED Financial Accounts REGISTERED NUMBER: (England and Wales)
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1 NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED Financial Accounts REGISTERED NUMBER: (England and Wales) Abbreviated Unaudited Accounts for the Year Ended 31st December 2014 for NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED
2 NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED (REGISTERED NUMBER: ) Contents of the Abbreviated Accounts for the Year Ended 31st December 2014 Page Company Information 1 Abbreviated Balance Sheet 2 Notes to the Abbreviated Accounts 4
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4 NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED Company Information for the Year Ended 31st December 2014 DIRECTOR: N M Lowe SECRETARY: Mrs K Lowe REGISTERED OFFICE: Manor Court Chambers Townsend Drive Nuneaton CV11 6RU REGISTERED NUMBER: (England and Wales) ACCOUNTANTS: Stewart Fletcher and Barrett Chartered Accountants Manor Court Chambers Townsend Drive Nuneaton Warwickshire CV11 6RU
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6 NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED (REGISTERED NUMBER: ) Abbreviated Balance Sheet 31st December Notes FIXED ASSETS Intangible assets 2 48,922 55,450 CURRENT ASSETS Debtors CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 49,394 55,936 CREDITORS Amounts falling due after more than one year 48,418 55,018 NET ASSETS CAPITAL AND RESERVES Called up share capital Profit and loss account SHAREHOLDERS' FUNDS The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act The director acknowledges his responsibilities for: ensuring that the company keeps accounting records which comply with Sections 386 and (a) 387 of the Companies Act 2006 and 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 (b) 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 notes form part of these abbreviated accounts
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8 NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED (REGISTERED NUMBER: ) Abbreviated Balance Sheet - continued 31st December 2014 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 director on 30th September 2015 and were signed by: N M Lowe - Director The notes form part of these abbreviated accounts
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10 1. ACCOUNTING POLICIES NEEDHAM COMMERCIAL INSURANCE SERVICES LIMITED (REGISTERED NUMBER: ) Notes to the Abbreviated Accounts for the Year Ended 31st December 2014 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). Goodwill Goodwill, being the amount paid by Ringsite Limited in connection with the acquisition of businesses in 2002 and 2004 in excess of the identified assets of the business, is being amortised evenly over its estimated useful economic life of twenty years. 2. INTANGIBLE FIXED ASSETS Total COST At 1st January 2014 and 31st December ,618 AMORTISATION At 1st January ,168 Amortisation for year 6,528 At 31st December ,696 NET BOOK VALUE At 31st December ,922 At 31st December , CALLED UP SHARE CAPITAL Allotted, issued and fully paid: Number: Class: Nominal value: 500 Ordinary A
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