REGISTERED NUMBER: 06239225 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Daulby Read Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Peter John Goddard

Simon William Bradburn Read

Christopher David Gomm

Gary William Fennah

Minority Venture Partners 11 Limited

Christian Parker

Secretary:

Simon William Bradburn Read

Registered office:

Third Floor

Liverpool House

Lower Bridge Street

Chester

CH1 1RS

Registered number:

06239225 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Intangible assets

4

85,371

134,467

Tangible assets

5

2,110

2,556

87,481

137,023

Current assets

Debtors

6

1,018,936

1,829,691

Cash at bank

119,517

32,424

1,138,453

1,862,115

Creditors

Amounts falling due within one year

7

499,604

1,322,236

Net current assets

638,849

539,879

Total assets less current liabilities

726,330

676,902

Creditors

Amounts falling due after more than one year

8

(74,051

)

(198,302

)

Provisions for liabilities

9

(528

)

(486

)

Net assets

651,751

478,114

Capital and reserves

Called up share capital

10

15,000

15,000

Retained earnings

636,751

463,114

Shareholders' funds

651,751

478,114

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Peter John Goddard - Director

1.	Statutory information

Daulby Read 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.

Commissions from insurance broking activities are recognised as income when the underlying policy commences. Provision is made at the period end for policies that are expected to lapse post period end.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 2020, 2021 and 2022 is being amortised evenly over its estimated useful life of five years.

3.	Employees and directors

The average number of employees during the period was 30 (2024 - 27 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 December 2024

414,664

Amortisation

At 1 April 2024

280,197

Amortisation for period

49,096

At 31 December 2024

329,293

Net book value

At 31 December 2024

85,371

At 31 March 2024

134,467

5.	Tangible fixed assets

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 December 2024

2,067

21,174

29,335

52,576

Depreciation

At 1 April 2024

2,067

19,225

28,728

50,020

Charge for period

-

219

227

446

At 31 December 2024

2,067

19,444

28,955

50,466

Net book value

At 31 December 2024

-

1,730

380

2,110

At 31 March 2024

-

1,949

607

2,556

6.

Debtors: amounts falling due within one year

31/12/24

31/3/24

£

£

Trade debtors

47,478

983,378

Amounts owed by group undertakings

960,526

838,047

Other debtors

10,932

8,266

1,018,936

1,829,691

7.

Creditors: amounts falling due within one year

31/12/24

31/3/24

£

£

Bank loans and overdrafts

-

30,000

Trade creditors

6,645

911,913

Amounts owed to group undertakings

71,670

-

Taxation and social security

98,069

81,206

Other creditors

323,220

299,117

499,604

1,322,236

8.

Creditors: amounts falling due after more than one year

31/12/24

31/3/24

£

£

Bank loans

-

66,134

Other creditors

74,051

132,168

74,051

198,302

9.	Provisions for liabilities

31/12/24

31/3/24

£

£

Deferred tax

528

486

Deferred

tax

£

Balance at 1 April 2024

486

Charge to Statement of Income and Retained Earnings during period

42

Balance at 31 December 2024

528

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/3/24

value:

£

£

8,100

A Ordinary shares

£1

8,100

8,100

5,700

B Ordinary shares

£1

5,700

5,700

1,200

C Ordinary shares

£1

1,200

1,200

15,000

15,000

11.	Operating lease commitments

At 31 December 2024 total commitments over the remaining term of existing operating leases were £30,275 (31 March 2024 - £44,900). The amount due within one year was £25,150 (31 March 2024 - £25,150).