Reich Insurance Brokers Limited in Salford, M3 5EQ

Description

Data updated on: 01-11-2023

Reich Insurance Brokers Limited may be reached at 197 Chapel Street, in Salford. Its area code is M3 5EQ. Reich Insurance Brokers has been actively competing on the market since the company was established on 1999/01/19. Its Companies House Reg No. is 03697314. Its registered name switch from W B Tidey & to Reich Insurance Brokers Limited occurred on 2009/12/02. The firm's Standard Industrial Classification Code is 65120 - Non-life insurance. The business latest financial reports cover the period up to 2022-03-31 and the most recent confirmation statement was filed on 2023-09-30.

Because of this company's growth, it became imperative to appoint additional directors, among others: Rachel M., Reece W., Stuart R. who have been participating in joint efforts since 2023/06/16 to exercise independent judgement of this specific business. In addition, the managing director's responsibilities are often assisted with by a secretary - Graeme M., who was appointed by this specific business on 2023/04/06.

Previous company's names
Reich Insurance Brokers Limited 2009-12-02
W B Tidey & Co Limited 1999-01-19

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	5 119 621	6 556 801	5 129 249	6 951 476	8 516 582	9 560 641	3 355 900
Current Assets	22 805 196	24 142 457	23 386 700	14 171 095	16 903 554	20 050 189	19 918 334
Debtors	17 685 575	17 585 656	18 257 451	7 219 619	8 386 972	10 489 548	16 562 434
Net Assets Liabilities	10 600 037	13 780 248	16 881 139	18 449 496	21 796 385	25 113 134	26 326 186
Other Debtors	10 431 088	10 857 776	678 628	456 053	98 498	94 000	94 000
Property Plant Equipment	313 215	340 035	300 172	760 496	763 250	571 603	959 054

Other Financial Data
Audit Fees Expenses				80 000	76 200	81 940	127 100
Accrued Liabilities Deferred Income				203 623	217 215	250 143	407 584
Accumulated Amortisation Impairment Intangible Assets	1 116 690	1 117 654	1 260 119	2 275 783	3 017 443	3 759 463	4 501 482
Accumulated Depreciation Impairment Property Plant Equipment	115 729	151 084	192 224	340 506	449 791	526 613	655 024
Additions Other Than Through Business Combinations Intangible Assets						1 800
Additions Other Than Through Business Combinations Property Plant Equipment					230 993	103 135	515 862
Administrative Expenses				9 794 042	9 298 458	10 060 161	11 187 832
Amortisation Expense Intangible Assets				1 009 189	741 660	742 020
Amortisation Impairment Expense Intangible Assets				1 009 189	741 660
Amounts Owed By Group Undertakings	4 031 696	3 302 255	2 473 551	2 426 032	2 894 484	3 291 726	4 749 320
Amounts Owed By Parent Entities	1 252 782	1 252 782	1 252 782
Amounts Owed By Related Parties			3 726 333	2 426 032
Amounts Owed To Group Undertakings				100	100	100
Average Number Employees During Period				104	110	112	121
Bank Borrowings Overdrafts				66 912
Banking Arrangements Classified As Cash Cash Equivalents				-66 912
Bank Overdrafts				66 912
Cash Cash Equivalents Cash Flow Value			5 129 249	6 884 564	8 516 582
Comprehensive Income Expense	1 836 889	3 180 211	3 100 891	1 843 957	3 586 889	4 036 749	1 805 315
Corporation Tax Payable	172 723	404 919	357 064	344 074	472 772	494 682
Corporation Tax Recoverable					41 245	18 655	397 116
Creditors	12 940 399	11 154 981	299 006	6 903 411	5 814 095	5 281 469	1 116 263
Current Tax For Period				728 762	852 460	1 087 444	699 748
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period				-22 956	42 734	41 089	-30 631
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				-22 956	42 734	41 089	-30 631
Depreciation Expense Property Plant Equipment				160 928	154 281
Depreciation Impairment Expense Property Plant Equipment				160 928	154 281
Disposals Investment Property Fair Value Model						59 685	366 900
Dividend Income				385	505	2 506
Dividends Paid				290 000	240 000	720 000	592 263
Dividends Paid Classified As Financing Activities				-290 000	-240 000
Dividends Paid On Shares		27 948	1 454 778	8 815 321
Dividends Paid On Shares Interim				290 000	240 000	720 000	592 263
Dividends Received Classified As Investing Activities				-385	-505
Finance Lease Liabilities Present Value Total				1 511
Fixed Assets	766 595	827 762	2 333 993	11 186 634	10 754 482	10 433 059	7 582 130
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax	75 594	6 399	-81 993
Further Item Interest Expense Component Total Interest Expense				2 952	8 182	6 669	5 872
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss							-1 462 025
Further Item Tax Increase Decrease Component Adjusting Items				-459	136 561	5 735	-3 325
Future Minimum Lease Payments Under Non-cancellable Operating Leases		1 519 664	1 471 178	1 892 933	2 507 253	2 257 962	2 718 493
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss				-25 827	-967	1 153	29 578
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss						-15 049
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables				1 973 346	1 122 747
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables				-10 714 803	1 126 108
Gain Loss On Disposals Other Non-current Assets				675
Gain Loss On Disposals Property Plant Equipment				2 416	5 371	546
Gain Loss On Financial Assets Fair Value Through Profit Or Loss				-75 018	280 325	-4 393	168 609
Government Grant Income					19 270
Impairment Loss Intangible Assets				6 475
Impairment Loss Reversal On Investments				88 743	-282 631	5 339
Income Taxes Paid Refund Classified As Operating Activities				-697 000	-765 007
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model					-82 148	243 585
Increase Decrease In Current Tax From Adjustment For Prior Periods				-35 204
Increase Decrease Through Other Changes Intangible Assets					-28 346
Increase From Amortisation Charge For Year Intangible Assets		964	142 465	1 009 189	741 660	742 020	742 019
Increase From Depreciation Charge For Year Property Plant Equipment		47 777	41 140	160 928	154 281	113 493	128 411
Increase From Impairment Loss Recognised In Profit Or Loss Intangible Assets				6 475
Intangible Assets		27 948	1 454 778	8 815 321	8 045 315	7 305 095	6 563 076
Intangible Assets Gross Cost	1 116 690	1 145 602	2 714 897	11 091 104	11 062 758	11 064 558
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				2
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts				1 015	461
Interest Income				40 225	9 782
Interest Income On Bank Deposits				47 674	2 394		23 266
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss				47 674	2 394
Interest Payable Similar Charges Finance Costs				4 270	8 643	6 669	5 872
Interest Received Classified As Investing Activities				-40 225	-9 782
Investment Property				265 148	183 000	366 900
Investment Property Fair Value Model				265 148	183 000	366 900
Investments				1 345 669	1 720 317	232 991	60 000
Investments Fixed Assets	453 380	459 779	579 043	1 345 669	1 762 917	2 189 461	60 000
Issue Equity Instruments				14 400
Net Cash Flows From Used In Operating Activities				-11 774 850	-2 148 021
Net Cash Generated From Operations				-12 476 120	-2 921 671
Net Current Assets Liabilities	9 864 797	12 987 476	14 864 382	7 267 684	11 089 459	14 768 720	18 802 071
Net Finance Income Costs				40 610	10 287	2 506	23 266
Net Interest Paid Received Classified As Operating Activities				-4 270	-8 643
Number Shares Issued Fully Paid		400
Operating Profit Loss				2 566 962	4 279 956	4 931 199
Other Creditors	12 717 925	10 674 524	299 006	6 330 683	4 922 313	4 241 432	193 172
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		12 422		12 646	44 996	36 671
Other Disposals Property Plant Equipment		21 487		24 078	118 954	217 960
Other Interest Expense				301
Other Interest Income				-7 449	7 388
Other Interest Receivable Similar Income Finance Income				40 610	10 287	2 506	23 266
Other Investments Other Than Loans			579 043	1 345 669
Other Operating Income Format1				1 915 747	280 410	308 313	318 597
Other Taxation Social Security Payable	49 661	60 242	79 250	152 386	183 024	182 121	422 146
Par Value Share		1
Payments Finance Lease Liabilities Classified As Financing Activities				1 511
Pension Other Post-employment Benefit Costs Other Pension Costs				186 168	207 004	213 621	236 746
Prepayments Accrued Income	130 709	124 705	131 228	238 043	237 232	815 421	339 615
Proceeds From Sales Or Maturity Financial Assets Held For Trading Trading Investments				855 369
Profit Loss	1 761 295	3 173 812	3 182 884	1 843 957	3 586 889	4 036 749	1 805 315
Profit Loss On Ordinary Activities Before Tax				2 514 559	4 482 083	5 165 282	2 474 432
Property Plant Equipment Gross Cost	428 942	491 119	492 396	1 101 002	1 213 041	1 098 216	1 614 078
Provisions For Liabilities Balance Sheet Subtotal	31 355	34 990	18 230	4 822
Purchase Intangible Assets				-8 379 496
Purchase Investment Properties				-265 148
Purchase Property Plant Equipment				-632 684	-230 993
Research Development Expense Recognised In Profit Or Loss				88 850	85 196	88 138
Staff Costs Employee Benefits Expense				5 773 310	6 037 048	6 305 792	7 081 238
Taxation Including Deferred Taxation Balance Sheet Subtotal				4 822	47 556	88 645	58 015
Tax Decrease From Utilisation Tax Losses							1 858
Tax Expense Credit Applicable Tax Rate				477 766	851 596	981 404	470 142
Tax Increase Decrease From Effect Capital Allowances Depreciation				13 235	12 365	-26 485	247
Tax Increase Decrease From Effect Dividends From Companies				-73	-96	-476
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				36 648		12 945	93 558
Tax Tax Credit On Profit Or Loss On Ordinary Activities				670 602	895 194	1 128 533	669 117
Total Additions Including From Business Combinations Property Plant Equipment		83 664	1 277	632 684
Total Assets Less Current Liabilities	10 631 392	13 815 238	17 198 375	18 454 318	21 843 941	25 201 779	26 384 201
Total Borrowings				66 912
Total Current Tax Expense Credit				693 558	852 460
Total Operating Lease Payments				249 146	249 291	249 291
Trade Creditors Trade Payables	90	15 296	42 138	9 256	18 671	112 991	93 361
Trade Debtors Trade Receivables	1 460 707	1 679 428	2 921 003	4 337 534	4 913 043	6 030 532	5 708 683
Turnover Revenue				10 445 257	13 298 004	14 683 047
Wages Salaries				5 587 142	5 830 044
Company Contributions To Defined Benefit Plans Directors				19 603	19 603	19 603
Director Remuneration		249 667	325 827	616 273	552 970	573 545	479 167
Director Remuneration Benefits Including Payments To Third Parties				635 876	572 573	593 148	484 068