Caseware UK (AP4) 2024.0.164 2024.0.164 true2023-10-01false3837trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05399196 2023-10-01 2024-09-30 05399196 2022-10-01 2023-09-30 05399196 2024-09-30 05399196 2023-09-30 05399196 c:Director2 2023-10-01 2024-09-30 05399196 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 05399196 d:Buildings d:LongLeaseholdAssets 2024-09-30 05399196 d:Buildings d:LongLeaseholdAssets 2023-09-30 05399196 d:MotorVehicles 2023-10-01 2024-09-30 05399196 d:MotorVehicles 2024-09-30 05399196 d:MotorVehicles 2023-09-30 05399196 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05399196 d:FurnitureFittings 2023-10-01 2024-09-30 05399196 d:FurnitureFittings 2024-09-30 05399196 d:FurnitureFittings 2023-09-30 05399196 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05399196 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05399196 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 05399196 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 05399196 d:ComputerSoftware 2024-09-30 05399196 d:ComputerSoftware 2023-09-30 05399196 d:CurrentFinancialInstruments 2024-09-30 05399196 d:CurrentFinancialInstruments 2023-09-30 05399196 d:Non-currentFinancialInstruments 2024-09-30 05399196 d:Non-currentFinancialInstruments 2023-09-30 05399196 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05399196 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05399196 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05399196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05399196 d:ShareCapital 2024-09-30 05399196 d:ShareCapital 2023-09-30 05399196 d:CapitalRedemptionReserve 2024-09-30 05399196 d:CapitalRedemptionReserve 2023-09-30 05399196 d:RetainedEarningsAccumulatedLosses 2024-09-30 05399196 d:RetainedEarningsAccumulatedLosses 2023-09-30 05399196 c:FRS102 2023-10-01 2024-09-30 05399196 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05399196 c:FullAccounts 2023-10-01 2024-09-30 05399196 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05399196 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 05399196 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 05399196 d:LeasedAssetsHeldAsLessee 2024-09-30 05399196 d:LeasedAssetsHeldAsLessee 2023-09-30 05399196 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-10-01 2024-09-30 05399196 d:ComputerSoftware d:OwnedIntangibleAssets 2023-10-01 2024-09-30 05399196 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 05399196













Just Insurance Agents Limited

Financial statements
Information for filing with the registrar

30 September 2024




 
Just Insurance Agents Limited


Balance sheet
At 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,743
28,368

Tangible assets
 5 
124,476
89,495

  
146,219
117,863

Current assets
  

Debtors
 6 
1,438,921
1,519,715

Cash at bank and in hand
  
1,334,677
1,527,278

  
2,773,598
3,046,993

Creditors: amounts falling due within one year
 7 
(1,946,875)
(2,161,247)

Net current assets
  
 
 
826,723
 
 
885,746

Total assets less current liabilities
  
972,942
1,003,609

Creditors: amounts falling due after more than one year
 8 
(249,525)
(353,901)

Provisions for liabilities
  

Deferred tax
  
(32,972)
(26,854)

  
 
 
(32,972)
 
 
(26,854)

Net assets
  
690,445
622,854


Capital and reserves
  

Called up share capital 
  
440,000
440,000

Capital redemption reserve
  
160,000
160,000

Profit and loss account
  
90,445
22,854

Shareholders' funds
  
690,445
622,854


3

 
Just Insurance Agents Limited

    
Balance sheet (continued)
At 30 September 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 June 2025.




Mr C R Newton
Director

Registered number: 05399196
The notes on pages 5 to 11 form part of these financial statements. 

4

 
Just Insurance Agents Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Victoria House, Toward Road, Sunderland, Tyne & Wear, SR1 2QF.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for commissions and charges earned during the year. Revenue from commissions and charges is recognised when the significant risks and rewards have transferred to the entity, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

5

 
Just Insurance Agents Limited
 

 
Notes to the financial statements
Year ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


  
2.7

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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:
    Computer software                     - 16% straight line
             Brand                                           -         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.

6

 
Just Insurance Agents Limited
 

 
Notes to the financial statements
Year ended 30 September 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
Straight line basis
Motor vehicles
-
25%
Reducing balance basis
Fixtures and fittings
-
15%
Reducing balance basis

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2023 - 37).

7

 
Just Insurance Agents Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

4.


Intangible assets




Brand
Computer software
Total

£
£
£



Cost


At 1 October 2023
2,000
38,546
40,546



At 30 September 2024

2,000
38,546
40,546



Amortisation


At 1 October 2023
400
11,779
12,179


Charge for the year 
200
6,424
6,624



At 30 September 2024

600
18,203
18,803



Net book value



At 30 September 2024
1,400
20,343
21,743



At 30 September 2023
1,600
26,768
28,368



8

 
Just Insurance Agents Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

5.


Tangible fixed assets





Fixtures and fittings
Leasehold improvements
Motor vehicles
Total

£
£
£
£



Cost


At 1 October 2023
285,917
130,095
-
416,012


Additions
8,395
-
55,172
63,567



At 30 September 2024

294,312
130,095
55,172
479,579



Depreciation


At 1 October 2023
203,180
123,337
-
326,517


Charge for the year
12,744
3,199
12,643
28,586



At 30 September 2024

215,924
126,536
12,643
355,103



Net book value



At 30 September 2024
78,388
3,559
42,529
124,476



At 30 September 2023
82,737
6,758
-
89,495

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
42,529
-

42,529
-


6.


Debtors

2024
2023
£
£



Trade debtors
433,279
461,212

Amounts owed by group undertakings
957,538
997,853

Other debtors
2,294
10,595

Prepayments and accrued income
45,810
50,055

1,438,921
1,519,715

9

 
Just Insurance Agents Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

6.Debtors (continued)


10

 
Just Insurance Agents Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
141,281
132,601

Trade creditors
1,634,030
1,918,262

Corporation tax
82,719
28,654

Other taxation and social security
11,951
21,156

Obligations under finance lease and hire purchase contracts
8,467
-

Other creditors
16,031
3,360

Accruals and deferred income
52,396
57,214

1,946,875
2,161,247


Included within creditors due within one year are amounts of £141,281 (2023: £132,601) relating to a bank loan which is secured by a fixed and floating debenture over all assets of the company.


8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
212,842
353,901

Net obligations under finance leases and hire purchase contracts
36,683
-

249,525
353,901


Included within creditors due after more than one year end are amounts of £212,842 (2023: £353,901) relating to a bank loan which is secured by a fixed and floating debenture over all assets of the company.


9.


Related party transactions

NLJIS Holdings Limited
NLJIS Holdings Limited is this company's ultimate parent company and is incorporated in the United Kingdom. During the year NLJIS Holdings Limited had expenditure incurred on its behalf of £2,840 (2023: £1,536). At the balance sheet date NLJIS Holdings Limited owed this company £957,538 (2023: £997,853). The company has not charged interest on this amount and it is repayable on demand.

 
11