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REGISTERED NUMBER: 06368641 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

INSURANCE LINX LIMITED

INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSURANCE LINX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D A Green
M C Bray





SECRETARY: Mrs G T Green





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 06368641 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 289,011 183,322
Investments 5 225,000 25,000
514,011 208,322

CURRENT ASSETS
Debtors 6 762,497 987,794
Cash at bank 247,632 302,883
1,010,129 1,290,677
CREDITORS
Amounts falling due within one year 7 (590,256 ) (686,868 )
NET CURRENT ASSETS 419,873 603,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

933,884

812,131

CREDITORS
Amounts falling due after more than one
year

8

(460,384

)

(402,277

)
NET ASSETS 473,500 409,854

CAPITAL AND RESERVES
Called up share capital 9 63,158 63,158
Share premium 16,842 16,842
Retained earnings 393,500 329,854
SHAREHOLDERS' FUNDS 473,500 409,854

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

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

INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)

BALANCE SHEET - continued
31 OCTOBER 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





D A Green - Director


INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)

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

1. STATUTORY INFORMATION

Insurance Linx 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 37,968 35,517 294,738 55,316 423,539
Additions - 2,562 183,942 6,098 192,602
Disposals - - (42,880 ) - (42,880 )
At 31 October 2024 37,968 38,079 435,800 61,414 573,261
DEPRECIATION
At 1 November 2023 21,327 39,371 128,211 51,308 240,217
Charge for year 4,161 4,034 64,224 2,905 75,324
Eliminated on disposal - - (31,291 ) - (31,291 )
At 31 October 2024 25,488 43,405 161,144 54,213 284,250
NET BOOK VALUE
At 31 October 2024 12,480 (5,326 ) 274,656 7,201 289,011
At 31 October 2023 16,641 (3,854 ) 166,527 4,008 183,322

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023 25,000
Additions 200,000
At 31 October 2024 225,000
NET BOOK VALUE
At 31 October 2024 225,000
At 31 October 2023 25,000

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 233,155 281,777

Amounts falling due after more than one year:
Other debtors 529,342 706,017

Aggregate amounts 762,497 987,794

INSURANCE LINX LIMITED (REGISTERED NUMBER: 06368641)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,613 68,793
Trade creditors 493,003 573,981
Taxation and social security 28,640 44,094
590,256 686,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 128,462 173,449
Hire purchase contracts 331,922 228,828
460,384 402,277

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary A £1 30,000 30,000
30,000 Ordinary B £1 30,000 30,000
3,158 Ordinary C £1 3,158 3,158
63,158 63,158