R. Todd Insurance Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05560781

R. Todd Insurance Services Limited

Unaudited financial statements

31 December 2024

R. Todd Insurance Services Limited

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	6		7,925		12,604

Current assets

Debtors	7	172,043	208,440
Cash at bank and in hand		342,424	266,075
		---------	---------
		514,467	474,515

Creditors: Amounts falling due within one year	8	( 363,354)		( 354,444)
		---------		---------
Net current assets			151,113		120,071
			---------		---------
Total assets less current liabilities			159,038		132,675

Provisions

Taxation including deferred tax	( 2,228)	( 3,398)
	---------	---------
Net assets	156,810	129,277
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		156,710	129,177
		---------	---------
Shareholders funds		156,810	129,277
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 April 2025 , and are signed on behalf of the board by:

R Todd

Director

Company registration number: 05560781

R. Todd Insurance Services Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company, registration number 05560781 , is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Church Lane, Gorleston, Great Yarmouth, Norfolk, NR31 7BE. The place of business is 3 Church Lane, Gorleston, Great Yarmouth, Norfolk, NR31 7BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .

Principal activity

The principal activity of the company during the period was that of an insurance broker.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	20% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 12 (2023: 11 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	340,000
	---------
Amortisation
At 1 January 2024 and 31 December 2024	340,000
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	43,064	43,064
	-------	-------
Depreciation
At 1 January 2024	30,460	30,460
Charge for the year	4,679	4,679
	-------	-------
At 31 December 2024	35,139	35,139
	-------	-------
Carrying amount
At 31 December 2024	7,925	7,925
	-------	-------
At 31 December 2023	12,604	12,604
	-------	-------

7. Debtors

	2024	2023
	£	£
Trade debtors	163,108	197,060
Other debtors	8,935	11,380
	---------	---------
	172,043	208,440
	---------	---------

8. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Trade creditors	119,684	150,753
Social security and other taxes	90,849	81,791
Other creditors	152,821	121,900
	---------	---------
	363,354	354,444
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary "A" shares of £ 1 each	51	51	51	51
Ordinary "B" shares of £ 1 each	20	20	20	20
Ordinary "C" shares of £ 1 each	20	20	20	20
Ordinary "D" shares of £ 1 each	5	5	5	5
Ordinary "E" shares of £1 each	4	4	4	4
	----	----	----	----
	100	100	100	100
	----	----	----	----