2024-01-01 01089241 2024-12-31 01089241 2024-01-01 2024-12-31 01089241 2023-12-31 01089241 2023-01-01 2023-12-31 01089241 uk-core:WithinOneYear 2023-12-31 01089241 uk-core:WithinOneYear 2024-12-31 01089241 uk-core:AfterOneYear 2023-12-31 01089241 uk-core:AfterOneYear 2024-12-31 01089241 uk-core:ShareCapital 2024-12-31 01089241 uk-core:ShareCapital 2023-12-31 01089241 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 01089241 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 01089241 uk-bus:Director1 2024-01-01 2024-12-31 01089241 uk-core:NetGoodwill 2024-01-01 2024-12-31 01089241 uk-core:FurnitureFittings 2024-01-01 2024-12-31 01089241 uk-core:MotorCars 2024-01-01 2024-12-31 01089241 uk-core:Goodwill 2023-12-31 01089241 uk-core:Goodwill 2024-01-01 2024-12-31 01089241 uk-core:Goodwill 2024-12-31 01089241 uk-core:MotorCars 2023-12-31 01089241 uk-core:FurnitureFittings 2023-12-31 01089241 uk-core:FurnitureFittings 2024-12-31 01089241 uk-core:MotorCars 2024-12-31 01089241 uk-core:CostValuation 2023-12-31 01089241 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-12-31 01089241 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-12-31 01089241 uk-core:CostValuation 2024-12-31 01089241 uk-core:Non-currentFinancialInstruments 2024-12-31 01089241 uk-core:Non-currentFinancialInstruments 2023-12-31 01089241 uk-core:WithinOneYear 2024-12-31 01089241 uk-core:WithinOneYear 2023-12-31 01089241 uk-core:AfterOneYear uk-core:Secured 2024-12-31 01089241 uk-core:AfterOneYear uk-core:Secured 2023-12-31 iso4217:GBP xbrli:pure 01089241 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01089241 uk-bus:FRS102 2024-01-01 2024-12-31 01089241 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 01089241 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
FAIRWEATHER INSURANCE SERVICES LIMITED
Registered Number:01089241
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01089241
As at 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
94,500
3,652
2
Property, plant and equipment
81,986
90,454
3
Financial assets
100,000
100,000
4
276,486
194,106
Current assets
Trade and other receivables
382,537
307,431
5
98,512
Cash and cash equivalents
69,563
376,994
481,049
Trade and other payables: amounts falling due within one
year
(73,843)
(34,413)
6
407,206
342,581
Net current assets
Total assets less current liabilities
619,067
601,312
Trade and other payables: amounts falling due after more
than one year
(14,913)
-
7
619,067
Net assets
586,399
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
618,067
585,399
619,067
586,399
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J S Upton Director
These financial statements were approved and authorised for issue by the Board on 25 July 2025 and were signed by:
1 of 5
4
Registered Number :
01089241
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
FAIRWEATHER INSURANCE SERVICES LIMITED is a private limited company, limited by shares, domiciled in
England and Wales, registration number 01089241.
Registered address:
Chalfont Hall
Gravel Hill
Chalfont St Peter
Bucks
SL9 0NP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Significant judgements and estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently aplied to all the years presented, unless otherwise stated.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the comapny's activities. Turnover is shown net of sales/value added tax, reurns, rebates and discounts. The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the compay's activities.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Straight line
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3 of 5
6
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements Continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
36,538
Additions
105,000
At 31 December 2024
141,538
Amortisation
At 01 January 2024
32,886
14,152
Charge for year
At 31 December 2024
47,038
Net book value
At 31 December 2024
94,500
At 31 December 2023
3,652
3. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 January 2024
466,323
8,000
458,323
6,000
-
6,000
Additions
At 31 December 2024
464,323
8,000
472,323
Provision for depreciation and impairment
At 01 January 2024
375,869
8,000
367,869
Charge for year
14,468
-
14,468
At 31 December 2024
390,337
8,000
382,337
At 31 December 2024
Net book value
81,986
-
81,986
At 31 December 2023
90,454
-
90,454
4 of 5
7
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 January 2024
100,000
100,000
Cost
£
£
At 31 December 2024
100,000
100,000
At 31 December 2024
Net book value
100,000
100,000
At 01 January 2024
100,000
100,000
5. Trade and other receivables
2023
2024
£
£
Amounts owed by group undertakings and participating interests
138,764
138,764
Other debtors
168,667
243,773
382,537
307,431
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
-
36,225
Taxation and social security
22,061
21,209
Other creditors
12,352
16,409
34,413
73,843
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
14,913
8. Average number of persons employed
During the year the average number of employees was 25 (2023 : 26)
5 of 5