REGISTERED NUMBER: 01325898 (England and Wales)

for

Page

Company Information  

1

Report of the Directors  

2

Income Statement  

3

Other Comprehensive Income  

4

Balance Sheet  

5

Statement of Changes in Equity  

6

Notes to the Financial Statements

7

DIRECTORS:

P J Anson

R H Thomas

A Copeland

S Thomas

Mrs D M Copeland

SECRETARY:

P J Anson

REGISTERED OFFICE:

224 High Street

Beckenham

Kent

BR3 1EN

REGISTERED NUMBER:

01325898 (England and Wales)

ACCOUNTANTS:

M S Aulak Bsc CIPFA FCCA

Chartered Certified Accountant

25 Coolgardie Avenue

Chigwell

Essex

IG7 5AX

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

P J Anson

R H Thomas

A Copeland

S Thomas

Mrs D M Copeland

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.  In preparing these financial statements, the directors are required to:

-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Copeland - Director

18 September 2025

TURNOVER

3

618,290

587,484

Distribution costs

152,566

165,080

Administrative expenses

457,945

431,817

610,511

596,897

7,779

(9,413

)

Other operating income

7,146

40,713

OPERATING PROFIT

14,925

31,300

Interest receivable and similar income

6

4,509

2,786

PROFIT BEFORE TAXATION

7

19,434

34,086

Tax on profit

8

3,058

7,343

PROFIT FOR THE FINANCIAL YEAR

16,376

26,743

PROFIT FOR THE YEAR

16,376

26,743

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

16,376

26,743

FIXED ASSETS

Tangible assets

10

208,824

219,014

CURRENT ASSETS

Debtors

11

251,233

141,841

Cash at bank

279,051

289,540

530,284

431,381

CREDITORS

Amounts falling due within one year

12

318,798

216,461

NET CURRENT ASSETS

211,486

214,920

TOTAL ASSETS LESS CURRENT

LIABILITIES

420,310

433,934

CAPITAL AND RESERVES

Called up share capital

13

10,500

10,500

Share premium

14,500

14,500

Revaluation reserve

750

750

Capital redemption reserve

130,739

130,739

Retained earnings

14

263,821

277,445

SHAREHOLDERS' FUNDS

420,310

433,934

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

P J Anson - Director

Called up

share

Retained

Share

capital

earnings

premium

£   

£   

£   

Balance at 1 January 2023

10,500

280,702

14,500

Changes in equity

Dividends

-

(30,000

)

-

Total comprehensive income

-

26,743

-

Balance at 31 December 2023

10,500

277,445

14,500

Changes in equity

Dividends

-

(30,000

)

-

Total comprehensive income

-

16,376

-

Balance at 31 December 2024

10,500

263,821

14,500

Capital

Revaluation

redemption

Total

reserve

reserve

equity

£   

£   

£   

Balance at 1 January 2023

750

130,739

437,191

Changes in equity

Dividends

-

-

(30,000

)

Total comprehensive income

-

-

26,743

Balance at 31 December 2023

750

130,739

433,934

Changes in equity

Dividends

-

-

(30,000

)

Total comprehensive income

-

-

16,376

Balance at 31 December 2024

750

130,739

420,310

1.

STATUTORY INFORMATION

Andrew Copeland (Insurance Consultants) 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 preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.  

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

•

the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii),

B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

•

the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued

Operations;

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of

IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to

(c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative

information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

-

paragraph 79(a)(iv) of IAS 1;

-

paragraph 73(e) of IAS 16 Property, Plant and Equipment;

-

paragraph 118(e) of IAS 38 Intangible Assets;

-

paragraphs 76 and 79(d) of IAS 40 Investment Property; and

-

paragraph 50 of IAS 41 Agriculture;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to

136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates

and Errors;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

•

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into

between two or more members of a group;

•

the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Turnover

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.  

Improvements to property

-

in accordance with the property

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Taxation

Foreign currencies

Employee benefit costs

The company operates a defined contribution pension scheme.  Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

4.

EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£   

£   

Wages and salaries

282,538

286,254

Social security costs

20,817

20,880

Other pension costs

36,594

37,571

339,949

344,705

The average number of employees during the year was as follows:

31.12.24

31.12.23

Office administration

11

11

5.

DIRECTORS' EMOLUMENTS

31.12.24

31.12.23

£   

£   

Directors' remuneration

148,087

141,087

6.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.12.24

31.12.23

£   

£   

Deposit account interest

4,509

2,764

IR Supplement

-

22

4,509

2,786

7.

PROFIT BEFORE TAXATION

The profit before taxation is stated after charging:

31.12.24

31.12.23

£   

£   

Depreciation - owned assets

18,578

18,014

8.

TAXATION

Analysis of tax expense

31.12.24

31.12.23

£   

£   

Current tax:

Tax

3,058

7,343

Total tax expense in income statement

3,058

7,343

9.

DIVIDENDS

31.12.24

31.12.23

£   

£   

Interim

30,000

30,000

10.

TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£   

£   

£   

£   

COST

At 1 January 2024

284,436

21,701

37,816

343,953

Additions

-

8,388

-

8,388

At 31 December 2024

284,436

30,089

37,816

352,341

DEPRECIATION

At 1 January 2024

83,875

18,075

22,989

124,939

Charge for year

14,222

2,122

2,234

18,578

At 31 December 2024

98,097

20,197

25,223

143,517

NET BOOK VALUE

At 31 December 2024

186,339

9,892

12,593

208,824

At 31 December 2023

200,561

3,626

14,827

219,014

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£   

£   

Trade debtors

198,519

113,068

Bad debt provision

(1,627

)

(2,523

)

Other debtors

54,341

31,296

251,233

141,841

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£   

£   

Trade creditors

278,327

177,225

Taxation

3,058

7,364

PAYE and other taxes

14,881

11,224

Other creditors

6,594

8,407

Directors' current accounts

-

1,080

Accrued expenses

15,938

11,161

318,798

216,461

13.

CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£   

£   

10,500