IRIS Accounts Production v24.3.2.46 08152214 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081522142023-07-31081522142024-07-31081522142023-08-012024-07-31081522142022-07-31081522142022-08-012023-07-31081522142023-07-3108152214ns15:EnglandWales2023-08-012024-07-3108152214ns14:PoundSterling2023-08-012024-07-3108152214ns10:Director12023-08-012024-07-3108152214ns10:Director22023-08-012024-07-3108152214ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108152214ns10:SmallEntities2023-08-012024-07-3108152214ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108152214ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108152214ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108152214ns10:AbridgedAccounts2023-08-012024-07-3108152214ns10:RegisteredOffice2023-08-012024-07-3108152214ns5:CurrentFinancialInstruments2024-07-3108152214ns5:CurrentFinancialInstruments2023-07-3108152214ns5:Non-currentFinancialInstruments2024-07-3108152214ns5:Non-currentFinancialInstruments2023-07-3108152214ns5:ShareCapital2024-07-3108152214ns5:ShareCapital2023-07-3108152214ns5:RetainedEarningsAccumulatedLosses2024-07-3108152214ns5:RetainedEarningsAccumulatedLosses2023-07-3108152214ns5:PlantMachinery2023-08-012024-07-3108152214ns5:FurnitureFittings2023-08-012024-07-3108152214ns5:MotorVehicles2023-08-012024-07-3108152214ns5:ComputerEquipment2023-08-012024-07-3108152214ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-3108152214ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-3108152214ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3108152214ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3108152214ns5:HirePurchaseContracts2024-07-3108152214ns5:HirePurchaseContracts2023-07-3108152214ns5:WithinOneYear2024-07-3108152214ns5:WithinOneYear2023-07-3108152214ns5:BetweenOneFiveYears2024-07-3108152214ns5:BetweenOneFiveYears2023-07-3108152214ns5:MoreThanFiveYears2024-07-3108152214ns5:MoreThanFiveYears2023-07-3108152214ns5:AllPeriods2024-07-3108152214ns5:AllPeriods2023-07-31081522141ns10:Director12023-07-31081522141ns10:Director12022-07-31081522141ns10:Director12023-08-012024-07-31081522141ns10:Director12022-08-012023-07-31081522141ns10:Director12024-07-31081522141ns10:Director12023-07-3108152214ns10:Director222023-07-3108152214ns10:Director222022-07-3108152214ns10:Director222023-08-012024-07-3108152214ns10:Director222022-08-012023-07-3108152214ns10:Director222024-07-3108152214ns10:Director222023-07-31
REGISTERED NUMBER: 08152214 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

COEUS INSURANCE MANAGEMENT LIMITED

COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


COEUS INSURANCE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: G Dunning
S Jordan





REGISTERED OFFICE: Inspiration House
21 De Havilland Drive
Liverpool
Merseyside
L24 8RN





REGISTERED NUMBER: 08152214 (England and Wales)






COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,226 104,123

CURRENT ASSETS
Debtors 71,158 26,426
Cash at bank 117,994 129,363
189,152 155,789
CREDITORS
Amounts falling due within one year 106,009 86,318
NET CURRENT ASSETS 83,143 69,471
TOTAL ASSETS LESS CURRENT LIABILITIES 166,369 173,594

CREDITORS
Amounts falling due after more than one
year

(55,463

)

(69,531

)

PROVISIONS FOR LIABILITIES (20,807 ) (19,783 )
NET ASSETS 90,099 84,280

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 87,099 81,280
SHAREHOLDERS' FUNDS 90,099 84,280

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

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

COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




G Dunning - Director



S Jordan - Director


COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Coeus Insurance Management 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. 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 commission received in respect of policies brokered during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 268,583
Additions 8,706
At 31 July 2024 277,289
DEPRECIATION
At 1 August 2023 164,460
Charge for year 29,603
At 31 July 2024 194,063
NET BOOK VALUE
At 31 July 2024 83,226
At 31 July 2023 104,123

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 14,069 14,069
Between one and five years 55,463 69,531
69,532 83,600

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 28,613 20,482
Between one and five years 19,727 11,082
In more than five years 13,380 -
61,720 31,564

COEUS INSURANCE MANAGEMENT LIMITED (REGISTERED NUMBER: 08152214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
G Dunning
Balance outstanding at start of year 15,650 -
Amounts advanced 110,100 107,650
Amounts repaid (97,650 ) (92,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,100 15,650

S Jordan
Balance outstanding at start of year - -
Amounts advanced 113,900 92,000
Amounts repaid (82,000 ) (92,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,900 -