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# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Company Registration Number:
05055612 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 April 2024

## End date: 31 December 2024

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet |
Additional notes |
Balance sheet notes |

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 31 December 2024 | 31 March 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 60,364 | 95,236
Tangible assets: | 4 | 126,452 | 143,013
Total fixed assets: |  | 186,816 | 238,249
Current assets
Debtors: | 5 | 303,237 | 559,985
Cash at bank and in hand: |  | 683,456 | 73,825
Total current assets: |  | 986,693 | 633,810
Creditors: amounts falling due within one year: | 6 | ( 184,161 ) | ( 207,656 )
Net current assets (liabilities): |  | 802,532 | 426,154
Total assets less current liabilities: |  | 989,348 | 664,403
Creditors: amounts falling due after more than one year: | 7 | ( 45,747 ) | ( 62,596 )
Provision for liabilities: |  | ( 18,152 ) | ( 18,152 )
Total net assets (liabilities): |  | 925,449 | 583,655
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | 925,349 | 583,555
Total Shareholders' funds: |  | 925,449 | 583,655

The notes form part of these financial statements

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 July 2025
and signed on behalf of the board by:

Name: Christopher Edwards
Status: Director

The notes form part of these financial statements

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is derived from contracts with customers for the transfer of services and is wholly generated in the United Kingdom. Revenue comprises commission, profit commission and fees associated with the placement of insurance costs. Commission and fees generated from insurance placement are recognised at a point in time, being the inception date of the cover.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

  Intangible fixed assets amortisation policy

  Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 31 December 2024 | 31 March 2024
  --- | --- | ---
  Average number of employees during the period | 27 | 29

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 April 2024 | 232,481 |  | 232,481
Additions |  |  |
Disposals |  |  |
Revaluations |  |  |
Transfers |  |  |
At 31 December 2024 | 232,481 |  | 232,481
Amortisation |  |  |
At 1 April 2024 | 137,245 |  | 137,245
Charge for year | 34,872 |  | 34,872
On disposals |  |  |
Other adjustments |  |  |
At 31 December 2024 | 172,117 |  | 172,117
Net book value |  |  |
At 31 December 2024 | 60,364 |  | 60,364
At 31 March 2024 | 95,236 |  | 95,236

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 | 25,600 |  | 141,485 |  | 70,250 | 237,335
Additions |  |  | 2,744 |  |  | 2,744
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2024 | 25,600 |  | 144,229 |  | 70,250 | 240,079
Depreciation |  |  |  |  |  |
At 1 April 2024 | 12,800 |  | 67,472 |  | 14,050 | 94,322
Charge for year | 1,920 |  | 8,955 |  | 8,430 | 19,305
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 | 14,720 |  | 76,427 |  | 22,480 | 113,627
Net book value |  |  |  |  |  |
At 31 December 2024 | 10,880 |  | 67,802 |  | 47,770 | 126,452
At 31 March 2024 | 12,800 |  | 74,013 |  | 56,200 | 143,013

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Debtors

| 31 December 2024 | 31 March 2024
--- | --- | ---
| £ | £
Trade debtors | 273,362 | 280,104
Prepayments and accrued income | 29,875 | 9,881
Other debtors |  | 270,000
Total | 303,237 | 559,985

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Creditors: amounts falling due within one year note

| 31 December 2024 | 31 March 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 10,000 | 10,000
Amounts due under finance leases and hire purchase contracts | 9,784 | 9,784
Taxation and social security | 142,198 | 151,303
Accruals and deferred income | 22,179 | 36,569
Total | 184,161 | 207,656

# DAVID EDWARDS INSURANCE BROKERS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7. Creditors: amounts falling due after more than one year note

| 31 December 2024 | 31 March 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 12,014 | 20,000
Amounts due under finance leases and hire purchase contracts | 33,733 | 42,596
Total | 45,747 | 62,596