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Company registration number: 03727135
Insurance Marketing Limited
Unaudited filleted financial statements
31 March 2025
Insurance Marketing Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Insurance Marketing Limited
Directors and other information
Directors J S Buckingham
M H G Young
R M Buckingham
Company number 03727135
Registered office Unicorn House
221-222 Shoreditch High Street
Shoreditch
London
E1 6PJ
Accountants PG Lemon LLP
Unicorn House
221-222 Shoreditch High Street
Shoreditch
London
E1 6PJ
Insurance Marketing Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 4,880 8,537
_______ _______
4,880 8,537
Current assets
Debtors 6 50,412 50,761
Cash at bank and in hand 2,266,516 2,100,617
_______ _______
2,316,928 2,151,378
Creditors: amounts falling due
within one year 7 ( 744,752) ( 798,446)
_______ _______
Net current assets 1,572,176 1,352,932
_______ _______
Total assets less current liabilities 1,577,056 1,361,469
_______ _______
Net assets 1,577,056 1,361,469
_______ _______
Capital and reserves
Called up share capital 45,000 45,000
Share premium account 24,889 24,889
Capital redemption reserve 5,000 5,000
Profit and loss account 1,502,167 1,286,580
_______ _______
Shareholders funds 1,577,056 1,361,469
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 December 2025 , and are signed on behalf of the board by:
R M Buckingham
Director
Company registration number: 03727135
Insurance Marketing Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unicorn House, Unicorn House, 221-222 Shoreditch High Street, Shoreditch, London, E1 6PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 77,790 77,790
Additions 995 995
_______ _______
At 31 March 2025 78,785 78,785
_______ _______
Depreciation
At 1 April 2024 69,254 69,254
Charge for the year 4,651 4,651
_______ _______
At 31 March 2025 73,905 73,905
_______ _______
Carrying amount
At 31 March 2025 4,880 4,880
_______ _______
At 31 March 2024 8,536 8,536
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 50,412 50,761
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 600,639 649,758
Corporation tax 117,644 120,608
Social security and other taxes 8,032 9,826
Other creditors 18,437 18,254
_______ _______
744,752 798,446
_______ _______