BrightAccountsProduction v1.0.0 v1.0.0 2024-05-01 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 9 July 2025 4 4 06621734 2025-04-30 06621734 2024-04-30 06621734 2023-04-30 06621734 2024-05-01 2025-04-30 06621734 2023-05-01 2024-04-30 06621734 uk-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06621734 uk-curr:PoundSterling 2024-05-01 2025-04-30 06621734 uk-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06621734 uk-bus:FullAccounts 2024-05-01 2025-04-30 06621734 uk-core:ShareCapital 2025-04-30 06621734 uk-core:ShareCapital 2024-04-30 06621734 uk-core:RetainedEarningsAccumulatedLosses 2025-04-30 06621734 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 06621734 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-04-30 06621734 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 06621734 uk-bus:FRS102 2024-05-01 2025-04-30 06621734 uk-core:Goodwill 2024-05-01 2025-04-30 06621734 uk-core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 06621734 uk-core:Goodwill 2024-04-30 06621734 uk-core:Goodwill 2025-04-30 06621734 uk-core:CurrentFinancialInstruments 2025-04-30 06621734 uk-core:CurrentFinancialInstruments 2024-04-30 06621734 uk-core:WithinOneYear 2025-04-30 06621734 uk-core:WithinOneYear 2024-04-30 06621734 uk-core:WithinOneYear 2025-04-30 06621734 uk-core:WithinOneYear 2024-04-30 06621734 2024-05-01 2025-04-30 06621734 uk-bus:Director1 2024-05-01 2025-04-30 06621734 uk-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 06621734
 
 
Advance Insurance Services (Midlands) Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2025
Advance Insurance Services (Midlands) Ltd
Company Registration Number: 06621734
BALANCE SHEET
as at 30 April 2025

2025 2024
Notes £ £
 
Current Assets
Debtors 6 79,001 69,034
Cash at bank and in hand 72,568 90,971
───────── ─────────
151,569 160,005
───────── ─────────
Creditors: amounts falling due within one year 7 (138,105) (146,089)
───────── ─────────
Net Current Assets 13,464 13,916
───────── ─────────
Total Assets less Current Liabilities 13,464 13,916
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 13,364 13,816
───────── ─────────
Shareholders' Funds 13,464 13,916
═════════ ═════════
 
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 Director's Report.
           
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms 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 director acknowledges his 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 Director and authorised for issue on 9 July 2025
           
           
________________________________          
Andrew Capell          
Director          
           



Advance Insurance Services (Midlands) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2025

   
1. General Information
 
Advance Insurance Services (Midlands) Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 06621734. The registered office of the company is 1a Derby Road, Ashby-De-La-Zouch, Leicertershire, Leicestershire, LE65 2HF, 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 30 April 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 2 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.
 
Tangible assets and depreciation
Tangible assets 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 tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  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.
 
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 director, during the financial year was 4, (2024 - 4).
 
  2025 2024
  Number Number
 
Employees 4 4
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2024 25,000 25,000
  ───────── ─────────
 
At 30 April 2025 25,000 25,000
  ───────── ─────────
Amortisation
 
At 30 April 2025 25,000 25,000
  ───────── ─────────
Net book value
At 30 April 2025 - -
  ═════════ ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 May 2024 6,303 6,303
  ───────── ─────────
 
At 30 April 2025 6,303 6,303
  ───────── ─────────
Depreciation
At 1 May 2024 6,303 6,303
  ───────── ─────────
 
At 30 April 2025 6,303 6,303
  ───────── ─────────
Net book value
At 30 April 2025 - -
  ═════════ ═════════
       
6. Debtors 2025 2024
  £ £
 
Trade debtors 77,430 67,386
Other debtors 1,054 438
Taxation 517 1,210
  ───────── ─────────
  79,001 69,034
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
Bank overdrafts - 58
Trade creditors 125,029 119,447
Taxation 7,283 14,093
Other creditors 5,793 12,491
  ───────── ─────────
  138,105 146,089
  ═════════ ═════════
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.



 
 
 
 
 
 
 
 
 
 
 
ADVANCE INSURANCE SERVICES (MIDLANDS) LTD
 
 
SUPPLEMENTARY INFORMATION
 
 
RELATING TO THE FINANCIAL STATEMENTS
 
 
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025