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REGISTERED NUMBER: 06874783 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Quality Care Insurance Services Limited

Quality Care Insurance Services Limited (Registered number: 06874783)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Quality Care Insurance Services Limited (Registered number: 06874783)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 45,164 53,267
45,164 53,267

Current assets
Debtors 6 1,714,967 1,741,941
Cash at bank and in hand 2,442,705 2,252,580
4,157,672 3,994,521
Creditors: amounts falling due within
one year

7

2,188,190

2,096,770
Net current assets 1,969,482 1,897,751
Total assets less current liabilities 2,014,646 1,951,018

Provisions for liabilities 11,291 13,317
Net assets 2,003,355 1,937,701

Capital and reserves
Called up share capital 8 400 400
Retained earnings 2,002,955 1,937,301
Shareholders' funds 2,003,355 1,937,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Quality Care Insurance Services Limited (Registered number: 06874783)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

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





D J Pollard - Director


Quality Care Insurance Services Limited (Registered number: 06874783)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Quality Care Insurance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06874783

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

2. Accounting policies

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

Turnover
Turnover represents commissions and fees which are recognised at the point at which period of insurance cover commences.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is fully amortised.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line
Motor vehicles - 25% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Quality Care Insurance Services Limited (Registered number: 06874783)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

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

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.

3. Employees and directors

The average number of employees during the year was 40 (2023 - 36 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 205,000
Amortisation
At 1 January 2024
and 31 December 2024 205,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

Quality Care Insurance Services Limited (Registered number: 06874783)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2024 67,769 25,581 93,350
Additions 1,599 11,004 12,603
Disposals (8,415 ) (5,463 ) (13,878 )
At 31 December 2024 60,953 31,122 92,075
Depreciation
At 1 January 2024 27,258 12,825 40,083
Charge for year 10,272 8,543 18,815
Eliminated on disposal (6,525 ) (5,462 ) (11,987 )
At 31 December 2024 31,005 15,906 46,911
Net book value
At 31 December 2024 29,948 15,216 45,164
At 31 December 2023 40,511 12,756 53,267

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,374,105 1,201,104
Other debtors 340,862 540,837
1,714,967 1,741,941

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,698,167 1,486,896
Taxation and social security 210,325 353,671
Other creditors 279,698 256,203
2,188,190 2,096,770

Quality Care Insurance Services Limited (Registered number: 06874783)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. Called up share capital

Number Class Nominal Value
2024 2023
£ £

80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
100 Ordinary E £1 100 100
-------- -------

400 400
=== ===

9. Other financial commitments

At the year end the company had non-cancellable operating lease commitments relating to agreements ending between one and five years from the balance sheet date of £224,813 (2023: £269,999).

10. Directors' advances, credits and guarantees

During the year the company made advances of £247,491 (2023: £230,155) and credits of £4,784 (2023: £7,120) to the directors with repayments received of £306,640 (2023: £291,000). The balance owed to the company at the year end of £194,067 (2023: £248,431) is disclosed within debtors. These advances are interest free and are repayable on demand.

11. Related party disclosures

Creditors include a balance of £45,415 (2023: £131,238 -debtor) owed by the company to the shareholders.