REGISTERED NUMBER: 03146234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANDREW BOURNE & CO.

(INSURANCE CONSULTANTS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr HA Bourne

Mr M Heatherley

Mr J Pavey

Mr D Crowther

SECRETARY:

Mr M Heatherley

REGISTERED OFFICE:

Regent House

1 Stoughton Road

Oadby

Leicester

Leicestershire

LE2 4DS

REGISTERED NUMBER:

03146234 (England and Wales)

BANKERS:

The Royal Bank of Scotland plc

5 Market Street

Leicester

LE1 6DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,630

6,365

6,630

6,365

CURRENT ASSETS

Debtors

6

374,263

366,060

Cash at bank and in hand

191,578

265,792

565,841

631,852

CREDITORS

Amounts falling due within one year

7

232,204

281,202

NET CURRENT ASSETS

333,637

350,650

TOTAL ASSETS LESS CURRENT LIABILITIES

340,267

357,015

PROVISIONS FOR LIABILITIES

1,658

1,591

NET ASSETS

338,609

355,424

CAPITAL AND RESERVES

Called up share capital

204

204

Retained earnings

338,405

355,220

SHAREHOLDERS' FUNDS

338,609

355,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr M Heatherley - Director

1.	STATUTORY INFORMATION

Andrew Bourne & Co. (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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company supplies insurance services to customers from its business premises, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the delivery of the services.

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.

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

9,650

AMORTISATION

At 1 April 2024

and 31 March 2025

9,650

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,928

90,979

104,171

199,078

Additions

-

-

2,301

2,301

At 31 March 2025

3,928

90,979

106,472

201,379

DEPRECIATION

At 1 April 2024

3,928

88,356

100,429

192,713

Charge for year

-

525

1,511

2,036

At 31 March 2025

3,928

88,881

101,940

194,749

NET BOOK VALUE

At 31 March 2025

-

2,098

4,532

6,630

At 31 March 2024

-

2,623

3,742

6,365

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,876

8,576

Amounts owed by group undertakings

181,203

135,712

Other debtors

184,184

221,772

374,263

366,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,389

6,150

Taxation and social security

3,622

11,558

Other creditors

222,193

263,494

232,204

281,202

8.	RELATED PARTY DISCLOSURES

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.

During the year the company rented premises in the normal course of business from the directors of the company, at a cost of £8,400 (2024: £8,400).

The company's ultimate parent company is Andrew Bourne Group Limited. The accounts of Andrew Bourne Group Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

9.	PENSION SCHEME

The company operates a defined contribution pension scheme for the benefit of the directors and senior employees. The assets of the scheme are administered by trustees in a fund independent from those of the company.

The total contributions paid in the year amounted to £20,362 (2024: £25,636).