REGISTERED NUMBER: 09068041

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

COLMORE INSURANCE BROKERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Copeland

Mr A Smallwood

REGISTERED OFFICE:

16 Hennals Avenue

Redditch

Worcestershrie

B97 5RX

REGISTERED NUMBER:

09068041

ACCOUNTANTS:

SAS Accountant Ltd t/as OJW Associates

16 Hennals Avenue

Webheath

Redditch

Worcestershire

B97 5RX

FIXED ASSETS

Tangible assets

4

35,987

62,896

Investments

5

-

-

35,987

62,896

CURRENT ASSETS

Debtors

6

211,669

1,005,111

Cash at bank

158,131

97

369,800

1,005,208

CREDITORS

Amounts falling due within one year

7

192,277

211,026

NET CURRENT ASSETS

177,523

794,182

TOTAL ASSETS LESS CURRENT LIABILITIES

213,510

857,078

CREDITORS

Amounts falling due after more than one year

8

(72,229

)

(150,181

)

PROVISIONS FOR LIABILITIES

9

-

(531

)

NET ASSETS

141,281

706,366

CAPITAL AND RESERVES

Called up share capital

10

21,000

21,000

Retained earnings

120,281

685,366

SHAREHOLDERS' FUNDS

141,281

706,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th September 2025 and were signed on its behalf by:

Mr A Copeland - Director

Mr A Smallwood - Director

1.	STATUTORY INFORMATION

Colmore Insurance Brokers Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Improvements to property

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year 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 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 5 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

12,690

38,487

88,590

26,561

166,328

DEPRECIATION

At 1st January 2024

2,538

36,439

38,644

25,811

103,432

Charge for year

2,538

1,760

22,147

464

26,909

At 31st December 2024

5,076

38,199

60,791

26,275

130,341

NET BOOK VALUE

At 31st December 2024

7,614

288

27,799

286

35,987

At 31st December 2023

10,152

2,048

49,946

750

62,896

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1st January 2024

and 31st December 2024

136,595

PROVISIONS

At 1st January 2024

and 31st December 2024

136,595

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,286

507,656

Amounts owed by associates

-

326,238

Other debtors

7,363

90,290

Directors' loan accounts

88,928

53,986

Deferred tax asset

96,518

-

Prepayments

16,574

26,941

211,669

1,005,111

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

39,867

Other loans

75,000

78,425

Trade creditors

22,378

35,154

Tax

-

5,341

Social security and other taxes

1,727

12,514

Other creditors

39,117

16,516

Directors' current accounts

1,000

-

Directors' loan accounts

50,355

20,509

Accrued expenses

2,700

2,700

192,277

211,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 1-2 years

70,674

75,000

Other loans - 2-5 years

1,555

71,730

Other creditors

-

3,451

72,229

150,181

9.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

Accelerated capital allowances

531

Deferred

tax

£

Balance at 1st January 2024

531

Provided during year

(97,049

)

Balance at 31st December 2024

(96,518

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

21,000

Ordinary

£1

21,000

21,000