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REGISTERED NUMBER: 06776224 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

XYZ INSURANCE SERVICES LTD

XYZ INSURANCE SERVICES LTD (REGISTERED NUMBER: 06776224)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XYZ INSURANCE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: P Corsan





REGISTERED OFFICE: 67 Newland Street
Witham
Essex
CM8 1AA





REGISTERED NUMBER: 06776224 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

XYZ INSURANCE SERVICES LTD (REGISTERED NUMBER: 06776224)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,340 97,725

CURRENT ASSETS
Debtors 5 90,828 86,941
Cash at bank 887,467 665,544
978,295 752,485
CREDITORS
Amounts falling due within one year 6 489,934 364,622
NET CURRENT ASSETS 488,361 387,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,701

485,588

CREDITORS
Amounts falling due after more than one
year

7

(12,499

)

(22,500

)

PROVISIONS FOR LIABILITIES (1,435 ) (2,228 )
NET ASSETS 566,767 460,860

CAPITAL AND RESERVES
Called up share capital 36,000 36,000
Capital redemption reserve 24,000 24,000
Retained earnings 506,767 400,860
SHAREHOLDERS' FUNDS 566,767 460,860

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

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 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.

XYZ INSURANCE SERVICES LTD (REGISTERED NUMBER: 06776224)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2025 and were signed by:





P Corsan - Director


XYZ INSURANCE SERVICES LTD (REGISTERED NUMBER: 06776224)

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

1. STATUTORY INFORMATION

XYZ Insurance Services Ltd 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Office equipmt - 25% on reducing balance

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 19 (2023 - 18 ) .

XYZ INSURANCE SERVICES LTD (REGISTERED NUMBER: 06776224)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Office
property fittings equipmt Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 110,724 8,566 16,333 135,623
DEPRECIATION
At 1 January 2024 21,911 7,478 8,509 37,898
Charge for year 2,214 519 2,652 5,385
At 31 December 2024 24,125 7,997 11,161 43,283
NET BOOK VALUE
At 31 December 2024 86,599 569 5,172 92,340
At 31 December 2023 88,813 1,088 7,824 97,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,355 85,998
Other debtors 6,473 943
90,828 86,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,237 15,984
Trade creditors 391,209 266,548
Taxation and social security 81,807 75,384
Other creditors 5,681 6,706
489,934 364,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,499 22,500