REGISTERED NUMBER: 00304106 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

BACKHOUSE INSURANCE BROKERS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

S R Backhouse

J S W Backhouse

C J Bardsley

I W Dalziell

D C Cockburn-Price

Secretary:

D C Cockburn-Price

Registered office:

Oakmount House

7-9 Carrside

Nelson

Lancashire

BB9 6RX

Registered number:

00304106 (England and Wales)

Accountants:

S&W Partners (Manchester) Limited

Accountants

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

67,547

66,546

Investments

7

10,000

10,000

77,547

76,546

Current assets

Debtors

8

1,537,013

2,354,447

Cash at bank and in hand

2,642,826

3,911,910

4,179,839

6,266,357

Creditors

Amounts falling due within one year

9

3,186,930

5,281,845

Net current assets

992,909

984,512

Total assets less current liabilities

1,070,456

1,061,058

Capital and reserves

Called up share capital

10

75,000

75,000

Retained earnings

995,456

986,058

Shareholders' funds

1,070,456

1,061,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

J S W Backhouse - Director

1.	Statutory information

Backhouse Insurance Brokers 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly-owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Commission and fee income forms the revenue of the company and is recognised at the date of the policy confirmation.

Goodwill

Goodwill is the amount payable on the acquisition of a business operation. It is amortised to the profit and loss account over its estimated economic life of eight years.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 25% straight line

Fixtures, fittings and office equipment - 5% - 20% straight line

Computer equipment - 25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

a) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method. There are no assets which are initially measured at fair value.

b) Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

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.

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.

Insurance broking debtors and creditors

In common with other insurance brokers, the company acts as agent in placing the insurable risks of its clients with insurers and, as such, is not liable as principal for amounts arising from such transactions. Notwithstanding these legal relationships and in accordance with UK GAAP, debtors and creditors arising from insurance broking transactions are shown as assets and liabilities. This recognises that insurance brokers are entitled to retain the investment income on any cashflows arising from these transactions.

4.	Employees and directors

The average number of employees during the year was 29 (2024 - 29 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 July 2024

and 30 June 2025

151,961

Amortisation

At 1 July 2024

and 30 June 2025

151,961

Net book value

At 30 June 2025

-

At 30 June 2024

-

6.	Tangible fixed assets

Fixtures,

fittings

and

office

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 July 2024

133,676

63,349

53,944

250,969

Additions

24,477

-

8,707

33,184

Disposals

(10,215

)

-

(5,972

)

(16,187

)

At 30 June 2025

147,938

63,349

56,679

267,966

Depreciation

At 1 July 2024

115,656

29,598

39,169

184,423

Charge for year

10,097

15,837

6,249

32,183

Eliminated on disposal

(10,215

)

-

(5,972

)

(16,187

)

At 30 June 2025

115,538

45,435

39,446

200,419

Net book value

At 30 June 2025

32,400

17,914

17,233

67,547

At 30 June 2024

18,020

33,751

14,775

66,546

7.	Fixed asset investments

Shares in

group

undertaking

£

Cost

At 1 July 2024

and 30 June 2025

10,000

Net book value

At 30 June 2025

10,000

At 30 June 2024

10,000

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,185,325

1,638,250

Amounts owed by group undertakings

281,090

687,391

Other debtors

70,598

28,806

1,537,013

2,354,447

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,426,029

3,726,631

Amounts owed to group undertakings

-

677,383

Taxation and social security

50,556

54,217

Other creditors

710,345

823,614

3,186,930

5,281,845

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75,000

Ordinary

£1

75,000

75,000