BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts that of Insurance brokering for private and commercial customers 28 May 2025 27 24 02719017 2025-03-31 02719017 2024-03-31 02719017 2023-03-31 02719017 2024-04-01 2025-03-31 02719017 2023-04-01 2024-03-31 02719017 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02719017 uk-curr:PoundSterling 2024-04-01 2025-03-31 02719017 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02719017 uk-bus:FullAccounts 2024-04-01 2025-03-31 02719017 uk-core:ShareCapital 2025-03-31 02719017 uk-core:ShareCapital 2024-03-31 02719017 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 02719017 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 02719017 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 02719017 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 02719017 uk-bus:FRS102 2024-04-01 2025-03-31 02719017 uk-core:Goodwill 2024-04-01 2025-03-31 02719017 uk-core:LandBuildings 2024-04-01 2025-03-31 02719017 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 02719017 uk-core:Goodwill 2024-03-31 02719017 uk-core:Goodwill 2025-03-31 02719017 uk-core:CurrentFinancialInstruments 2025-03-31 02719017 uk-core:CurrentFinancialInstruments 2024-03-31 02719017 uk-core:WithinOneYear 2025-03-31 02719017 uk-core:WithinOneYear 2024-03-31 02719017 uk-core:WithinOneYear 2025-03-31 02719017 uk-core:WithinOneYear 2024-03-31 02719017 uk-core:AfterOneYear 2025-03-31 02719017 uk-core:AfterOneYear 2024-03-31 02719017 uk-core:BetweenOneTwoYears 2025-03-31 02719017 uk-core:BetweenOneTwoYears 2024-03-31 02719017 uk-core:BetweenTwoFiveYears 2025-03-31 02719017 uk-core:BetweenTwoFiveYears 2024-03-31 02719017 uk-core:MoreThanFiveYears 2025-03-31 02719017 uk-core:MoreThanFiveYears 2024-03-31 02719017 uk-core:EmployeeBenefits 2024-03-31 02719017 uk-core:EmployeeBenefits 2024-04-01 2025-03-31 02719017 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02719017 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 02719017 uk-core:OtherDeferredTax 2025-03-31 02719017 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-03-31 02719017 uk-core:EmployeeBenefits 2025-03-31 02719017 2024-04-01 2025-03-31 02719017 uk-bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 02719017 uk-bus:Director2 2024-04-01 2025-03-31 02719017 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 02719017
 
 
Premier Insurance Centre Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2025
Premier Insurance Centre Limited
Company Registration Number: 02719017
BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Intangible assets 4 6,000 8,000
Property, plant and equipment 5 260,096 261,017
───────── ─────────
Fixed Assets 266,096 269,017
───────── ─────────
 
Current Assets
Debtors 6 599,960 239,860
Cash and cash equivalents 430,094 469,300
───────── ─────────
1,030,054 709,160
───────── ─────────
Creditors: amounts falling due within one year 7 (902,280) (571,248)
───────── ─────────
Net Current Assets 127,774 137,912
───────── ─────────
Total Assets less Current Liabilities 393,870 406,929
 
Creditors:
amounts falling due after more than one year 8 (166,258) (177,843)
 
Provisions for liabilities 9 (2,886) (2,127)
───────── ─────────
Net Assets 224,726 226,959
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,001 1,000
Retained earnings 173,725 175,959
Subordinated loan 10 50,000 50,000
───────── ─────────
Shareholders' Funds 224,726 226,959
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 May 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Robert Holland     John France
Director     Director
           



Premier Insurance Centre Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Premier Insurance Centre Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 02719017. The registered office of the company is 424/426 High Street, Winsford, Cheshire, CW7 2DS, United Kingdom which is also the principal place of business of the company. that of Insurance brokering for private and commercial customers The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is calculated from fees and commission receivable by the company during the course of the year from the provision of various insurance services net of any clawbacks and rebates based on the accruals basis.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% straight line
  Fixtures, fittings and equipment - 25% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 27, (2024 - 24).
 
  2025 2024
  Number Number
 
Employees 27 24
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2024 258,724 258,724
  ───────── ─────────
 
At 31 March 2025 258,724 258,724
  ───────── ─────────
Amortisation
At 1 April 2024 250,724 250,724
Charge for financial year 2,000 2,000
  ───────── ─────────
At 31 March 2025 252,724 252,724
  ───────── ─────────
Net book value
At 31 March 2025 6,000 6,000
  ═════════ ═════════
At 31 March 2024 8,000 8,000
  ═════════ ═════════
         
5. Property, plant and equipment
  Land and Fixtures, Total
  buildings fittings and  
  freehold equipment  
  £ £ £
Cost
At 1 April 2024 276,760 56,579 333,339
Additions - 12,511 12,511
Disposals - (37,934) (37,934)
  ───────── ───────── ─────────
At 31 March 2025 276,760 31,156 307,916
  ───────── ───────── ─────────
Depreciation
At 1 April 2024 24,249 48,073 72,322
Charge for the financial year 4,436 5,371 9,807
On disposals - (34,309) (34,309)
  ───────── ───────── ─────────
At 31 March 2025 28,685 19,135 47,820
  ───────── ───────── ─────────
Net book value
At 31 March 2025 248,075 12,021 260,096
  ═════════ ═════════ ═════════
At 31 March 2024 252,511 8,506 261,017
  ═════════ ═════════ ═════════
       
6. Debtors 2025 2024
  £ £
 
Trade debtors 585,608 176,995
Other debtors 6,616 56,080
Prepayments and accrued income 7,736 6,785
  ───────── ─────────
  599,960 239,860
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
Bank loan 15,852 15,852
Trade creditors 776,592 395,360
Taxation 49,530 82,489
Other creditors 53,140 70,899
Accruals 7,166 6,648
  ───────── ─────────
  902,280 571,248
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Bank loan 166,258 177,843
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 15,852 15,852
Repayable between one and two years 15,852 15,852
Repayable between two and five years 47,557 47,557
Repayable in five years or more 102,849 114,434
  ───────── ─────────
  182,110 193,695
  ═════════ ═════════
 
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2025 2024
  £ £ £
 
At financial year start 2,127 2,127 1,377
Charged to profit and loss 759 759 750
  ───────── ───────── ─────────
At financial year end 2,886 2,886 2,127
  ═════════ ═════════ ═════════
       
10. Subordinated Loan 2025 2024
  £ £
 
At the balance sheet date, the company had a subordinated loan of £50,000 (2024: £50,000) from a director. This loan is unsecured, bears interest at 10% per annum, and repayable only after all other creditors have been settled in full. The loan is subordinated to all other creditors in the event of liquidation.

The director has confirmed in writing that they will not seek repayment of the loan until the company is in a position to do so without prejudicing the claims of other creditors.
 
John France 50,000 50,000
  ═════════ ═════════
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.