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REGISTERED NUMBER: 00304106 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

BACKHOUSE INSURANCE BROKERS LIMITED

BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BACKHOUSE INSURANCE BROKERS LIMITED

Company Information
for the Year Ended 30 June 2024







Directors: S R Backhouse
J S W Backhouse
C J Bardsley
I W Dalziell
S L Collinge





Secretary: S L Collinge





Registered office: Oakmount House
9 Carrside
Nelson
Lancashire
BB9 6RX





Registered number: 00304106 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - 9,493
Tangible assets 6 66,546 83,028
Investments 7 10,000 10,000
76,546 102,521

Current assets
Debtors 8 2,354,447 2,754,523
Cash at bank and in hand 3,911,910 3,266,044
6,266,357 6,020,567
Creditors
Amounts falling due within one year 9 5,281,845 5,079,185
Net current assets 984,512 941,382
Total assets less current liabilities 1,061,058 1,043,903

Capital and reserves
Called up share capital 10 75,000 75,000
Retained earnings 986,058 968,903
Shareholders' funds 1,061,058 1,043,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:





J S W Backhouse - Director


BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

Backhouse Insurance Brokers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly-owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Commission and fee income forms the revenue of the company and is recognised at the date of the policy confirmation.

Goodwill
Goodwill is the amount payable on the acquisition of a business operation. It is amortised to the profit and loss account over its estimated economic life of eight years.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 25% straight line
Fixtures, fittings and office equipment - 5% - 20% straight line
Computer equipment - 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
a) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method. There are no assets which are initially measured at fair value.

b) Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Insurance broking debtors and creditors
In common with other insurance brokers, the company acts as agent in placing the insurable risks of its clients with insurers and, as such, is not liable as principal for amounts arising from such transactions. Notwithstanding these legal relationships and in accordance with UK GAAP, debtors and creditors arising from insurance broking transactions are shown as assets and liabilities. This recognises that insurance brokers are entitled to retain the investment income on any cashflows arising from these transactions.

4. Employees and directors

The average number of employees during the year was 29 (2023 - 30 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 151,961
Amortisation
At 1 July 2023 142,468
Charge for year 9,493
At 30 June 2024 151,961
Net book value
At 30 June 2024 -
At 30 June 2023 9,493

BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. Tangible fixed assets
Fixtures,
fittings
and
office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
Cost
At 1 July 2023 133,676 63,349 41,121 238,146
Additions - - 12,823 12,823
At 30 June 2024 133,676 63,349 53,944 250,969
Depreciation
At 1 July 2023 107,633 13,761 33,724 155,118
Charge for year 8,023 15,837 5,445 29,305
At 30 June 2024 115,656 29,598 39,169 184,423
Net book value
At 30 June 2024 18,020 33,751 14,775 66,546
At 30 June 2023 26,043 49,588 7,397 83,028

7. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2023
and 30 June 2024 10,000
Net book value
At 30 June 2024 10,000
At 30 June 2023 10,000

8. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,638,250 1,945,493
Amounts owed by group undertakings 687,391 774,810
Other debtors 28,806 34,220
2,354,447 2,754,523

9. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 3,726,631 3,479,148
Amounts owed to group undertakings 677,383 709,144
Taxation and social security 54,217 65,887
Other creditors 823,614 825,006
5,281,845 5,079,185

BACKHOUSE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 00304106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75,000 Ordinary £1 75,000 75,000