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| DIRECTORS' REPORT |
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| FOR THEYEARENDED31/12/2024 |
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| The director presents his report and accounts for theyearended31/12/2024 |
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| Principal activities
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| The principal activity of the company during the year under review was that of risk and damage evaluation. |
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| DIRECTORS |
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| The directors who served during theyearwere as follows: |
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| G Viar |
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| STATEMENT OF DIRECTORS RESPONSIBILITIES |
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| The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
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| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
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| - Select suitable accounting policies and then apply them consistently;
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| - Make judgements and accounting estimates that are reasonable and prudent;
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| - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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| The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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| DISCLOSURE OF INFORMATION TO AUDITORS |
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| The director who held office at the date of approval of this directors' report confirm that, so far as they are each aware, there is no relevant audit information of which the Company's auditors are unaware, and each director has taken all the steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. |
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| AUDITORS |
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| During the period,Granite Morgan Smith Limitedacted as auditor to the company.A resolution to reappointGranite Morgan Smith Limitedwill be put to the forthcoming Annual General Meeting. |
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| The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. |
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| This report was approved by the board on23/12/2025 |
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| G Viar |
| Director |
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| FOR THEYEARENDED31/12/2024 |
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| AUDITORS' REPORT |
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| INDEPENDENT AUDITORS REPORT TO THE MEMBERS OFADVANTA LOSS ADJUSTERS LIMITED |
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| We have audited the financial statements ofAdvanta Loss Adjusters Limitedfor the year ended31/12/2024which comprise a Profit and Loss Account, Balance Sheet and related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland section 1A (United Kingdom Generally Accepted Accounting Practice). |
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| RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORS |
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| As explained more fully in the Directors' Responsibilities Statement of the Directors' report, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors. |
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| BASIS OF AUDIT OPINION |
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| We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.
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| We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. |
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| OPINION ON FINANCIAL STATEMENTS |
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| In our opinion the financial statements: give a true and fair view of the state of the company's affairs as at31/12/2024and of the company's profit or loss for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. |
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| OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 |
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| In our opinion based on the work undertaken in the course of the audit, the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors' report has been prepared in accordance with applicable legal requirements. No material misstatements in the Directors Report have been identified. |
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| MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION |
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| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the company financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the directors were not entitled to prepare the financial statements and the directors' report in accordance with the small company regime. |
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| FOR THEYEARENDED31/12/2024 |
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| AUDITOR'S REPORT UNQUALIFIED |
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| OPINION |
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| We have audited the financial statements ofAdvanta Loss Adjusters Limitedfor the year ended31/12/2024which comprise a Profit and Loss Account, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is the applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
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| In our opinion, the finacial statements:
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| - give a true and fair view of the state of the company's affairs as at 31/12/2024 and of its loss for the year then ended;
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| - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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| - have been prepared in accordance with the requirements of the Companies Act 2006. |
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| BASIS OF OPINION |
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| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
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| CONCLUSIONS RELATING TO GOING CONCERN |
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| In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
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| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
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| Our responsibilities and the responsibillities of the directors with respect to going concern are described in the relevant sections of this report. |
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| OTHER INFORMATION |
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| The directors are responsible for the other information. The other information comprises the information included in the director's report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon
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| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
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| We have nothing to report in this regard. |
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| OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 |
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| In our opinion, based on the work undertaken in the course of the audit:
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| - the information given in the Report of the Directors for the financial year for which the accounts are prepared is consistent with the accounts; and
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| - the Report of the Directors has been prepared in accordance with applicable legal requirements. |
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| FOR THEYEARENDED31/12/2024 |
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| AUDITOR'S REPORT UNQUALIFIED |
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| MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTIONS |
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| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
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| We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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| - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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| - the financial statements are not in agreement with the accounting records and returns; or
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| - certain disclosures of directors' remuneration specified by law are not made; or
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| - we have not received all the information and explanations we require for our audit; or
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| - the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
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| RESPONSIBILITIES OF DIRECTORS |
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| As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
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| AUDITORS RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS |
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| Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
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| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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| Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
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| The following laws and regulations were identified as being of significance to the entity:
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| - Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and legislation, and distributable profits legislation.
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| FOR THEYEARENDED31/12/2024 |
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| AUDITOR'S REPORT UNQUALIFIED |
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| - Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations, health and safety legislation.
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| Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.
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| No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
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| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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| Use of this report
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| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
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| Signature: ............................. |
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| Vincent Mark Mellett FCCA(Senior Statutory Auditor) |
| For and on behalf ofGranite Morgan Smith Limited |
| Chartered Certified Accountants and Statutory Auditors |
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| 122 Feering Hill |
| Feering |
| Colchester |
| Essex |
| 23/12/2025 |
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| BALANCE SHEET AT 31/12/2024 |
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| | Notes | | | | £ | | | | £ |
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| FIXED ASSETS | | | | | | | | | | |
| Tangible assets | | 6 | | | | 74,237 | | | | 80,553 |
| Investment Assets | | 7 | | | | 1 | | | | 1 |
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| | | | | | 74,238 | | | | 80,554 |
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| CURRENT ASSETS | | | | | | | | | | |
| Stock | | | | 1,574,704 | | | | 1,509,481 | | |
| Debtors | | 9 | | 5,544,172 | | | | 4,213,918 | | |
| Cash at bank and in hand | | | | 259,587 | | | | 221,110 | | |
| | | | 7,378,463 | | | | 5,944,509 | | |
| CREDITORS: Amounts falling due within one year | | 10 | | 6,769,319 | | | | 5,144,611 | | |
| NET CURRENT ASSETS | | | | | | 609,144 | | | | 799,898 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | | | | | | 683,382 | | | | 880,452 |
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| CREDITORS: Amounts falling due after more than one year | | 11 | | | | 25,000 | | | | 125,000 |
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| NET ASSETS | | | | | | 658,382 | | | | 755,452 |
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| CAPITAL AND RESERVES | | | | | | | | | | |
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| Called up share capital | | 12 | | | | 50,000 | | | | 50,000 |
| Profit and loss account | | | | | | 608,382 | | | | 705,452 |
| SHAREHOLDERS' FUNDS | | | | | | 658,382 | | | | 755,452 |
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| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
| These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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| Approved by the board on 23/12/2025 and signed on their behalf by | | | | | | | | | | |
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| ............................. | | | | | | | | | | |
| G Viar | | | | | | | | | | |
| Director | | | | | | | | | | |
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| PROFIT AND LOSS ACCOUNT SUMMARIES |
| FOR THE YEAR ENDED 31/12/2024 |
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| | | | 2024 | | 2023 |
| Administrative Expenses: | | | | | | |
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| Bad debts | | | | (49,251) | | 49,382 |
| Loss on exchange | | | | 17,095 | | - |
| Rates | | | | 70,832 | | 44,916 |
| Water rates | | | | 1,643 | | 889 |
| Heat and light | | | | - | | 192 |
| Heat and light (electricity) | | | | 7,544 | | (4,961) |
| Heat and light (gas) | | | | 13,639 | | 95 |
| Rent | | | | 135,403 | | 118,996 |
| Cleaning | | | | 8,047 | | 7,535 |
| Repairs and renewals | | | | 12,563 | | 19,096 |
| Wages - regular | | | | 378,119 | | 516,385 |
| NIC employer (wages and salaries) | | | | 58,807 | | 64,697 |
| Health insurance | | | | 18,234 | | 9,366 |
| Pension contributions | | | | 15,722 | | 18,705 |
| Staff welfare | | | | 6,967 | | 10,127 |
| Recruitment | | | | - | | 6,405 |
| Training | | | | - | | 3,490 |
| Computer costs | | | | 49,795 | | 17,642 |
| Accountancy fees | | | | 40 | | (7,723) |
| Professional fees | | | | 492,919 | | 267,924 |
| Consultancy fees | | | | 12,616 | | 50 |
| Legal costs (capital) | | | | - | | 96,443 |
| Auditors fees | | | | 14,200 | | 10,000 |
| Insurance | | | | 5,896 | | 11,072 |
| Postage | | | | 1,970 | | 1,283 |
| Printing | | | | 3,021 | | 6,644 |
| Stationery & office supplies | | | | 8,164 | | 5,498 |
| Telephone | | | | 16,655 | | 15,051 |
| Internet | | | | 5,681 | | 11,474 |
| Subscriptions | | | | 9,294 | | 20,153 |
| Charitable donations | | | | 320 | | 56 |
| Bank charges | | | | 8,549 | | 44,249 |
| Sundry expenses | | | | 5,185 | | 33,323 |
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| Depreciation and Amortisation: | | | | | | |
| Depreciation of fixtures and fittings | | | | 4,221 | | 5,301 |
| Depreciation of equipment | | | | 2,391 | | 7,051 |
| Depreciation of motor cars | | | | 2,508 | | 5,070 |
| | | | 1,338,789 | | 1,415,876 |
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| This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
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| TRADING AND PROFIT AND LOSS ACCOUNT |
| FOR THE YEAR ENDED 31/12/2024 |
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| | | | | | 2024 | | | | 2023 |
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| Turnover | | | | | | 3,890,072 | | | | 3,526,251 |
| Cost of Sales: | | | | | | | | | | |
| Direct employment costs | | | | 1,684,134 | | | | 1,641,250 | | |
| Other direct expenses | | | | 930,967 | | | | 593,330 | | |
| | | | 2,615,101 | | | | 2,234,580 | | |
| | | | | | 2,615,101 | | | | 2,234,580 |
| Gross Profit | | | | | | 1,274,971 | | | | 1,291,671 |
| Other operating income | | | | | | 55,236 | | | | 49,969 |
| | | | | | 1,330,207 | | | | 1,341,640 |
| Less: | | | | | | | | | | |
| Distribution costs | | | | 71,988 | | | | 267,861 | | |
| Administrative expenses | | | | 1,338,789 | | | | 1,415,876 | | |
| Interest receivable and similar income | | | | (762) | | | | (8,827) | | |
| Interest payable and similar charges | | | | 13,364 | | | | 952 | | |
| | | | | | 1,423,379 | | | | 1,675,862 |
| Net loss for the year before
taxation | | | | | | (93,172) | | | | (334,222) |
| Taxation | | | | | | - | | | | (3,909) |
| Net loss for the year after
taxation | | | | | | (93,172) | | | | (330,313) |
| Retained profits brought forward | | | | | | 701,554 | | | | 1,035,765 |
| Retained profits carried forward | | | | | | 608,382 | | | | 705,452 |
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| This page does not form part of the Company's
Statutory Accounts and is prepared for the information of the
Directors only. |