Registration number: 01501613

M.E.M. Insurance Brokers Limited

Contents

Profit and Loss Account and Statement of Retained Earnings	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

M.E.M. Insurance Brokers Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Turnover		611,220	673,456
Administrative expenses		(572,222)	(591,993)
Operating profit		38,998	81,463
Other interest receivable and similar income		462	606
Interest payable and similar charges		(7,891)	(7,772)
		(7,429)	(7,166)
Profit before tax		31,569	74,297
Taxation		(8,230)	(15,750)
Profit for the financial year		23,339	58,547
Retained earnings brought forward		27,625	29,078
Dividends paid		(30,200)	(60,000)
Retained earnings carried forward		20,764	27,625

M.E.M. Insurance Brokers Limited

(Registration number: 01501613)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	16,287	24,431
Tangible assets	5	170,688	119,113
		186,975	143,544
Current assets
Debtors	6	221,958	226,676
Investments	7	3,308	3,308
Cash at bank and in hand		83,107	133,212
		308,373	363,196
Creditors: Amounts falling due within one year	8	(301,899)	(340,068)
Net current assets		6,474	23,128
Total assets less current liabilities		193,449	166,672
Creditors: Amounts falling due after more than one year	8	(60,276)	(79,469)
Provisions for liabilities		(9,631)	(9,080)
Net assets		123,542	78,123
Capital and reserves
Called up share capital		50,000	50,000
Share premium reserve		498	498
Revaluation reserve		52,280	-
Retained earnings		20,764	27,625
Shareholders' funds		123,542	78,123

M.E.M. Insurance Brokers Limited

(Registration number: 01501613)
Balance Sheet as at 31 March 2025

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

......................................... Mr Frederick William Mullock Director

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
517 King Street
Longton
Stoke On Trent
ST3 1HE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Property plant and equipment are initially recognised at cost. Subsequent to initial recognition, freehold property is carried at its fair value at the date of revaluation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Non-Depreciable
Plant & Machinery	10% Reducing Balance
Fixtures, Fittings & Equipment	10 - 20% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight Line

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 18).

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	238,483	238,483
At 31 March 2025	238,483	238,483
Amortisation
At 1 April 2024	214,052	214,052
Amortisation charge	8,144	8,144
At 31 March 2025	222,196	222,196
Carrying amount
At 31 March 2025	16,287	16,287
At 31 March 2024	24,431	24,431

5	Tangible assets

	Freehold Property £	Plant and machinery £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	67,720	104,724	89,995	262,439
Revaluations	52,280	-	-	52,280
Additions	-	-	6,979	6,979
At 31 March 2025	120,000	104,724	96,974	321,698
Depreciation
At 1 April 2024	-	104,111	39,215	143,326
Charge for the year	-	61	7,623	7,684
At 31 March 2025	-	104,172	46,838	151,010
Carrying amount
At 31 March 2025	120,000	552	50,136	170,688
At 31 March 2024	67,720	613	50,780	119,113

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	179,188	222,381
Other debtors	42,770	4,295
	221,958	226,676

7	Current asset investments

	2025 £	2024 £
Other investments	3,308	3,308

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		52,712	66,961
Trade creditors		230,658	247,994
Taxation and social security		12,963	16,855
Other creditors		5,566	8,258
		301,899	340,068

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		43,926	57,119
Other financial liabilities		16,350	22,350
		60,276	79,469

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

M.E.M. Insurance Brokers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	52,280	52,280

10

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £1.20) per ordinary share		30,200		60,000