REGISTERED NUMBER: NI020866 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2025

for

William Kerr & Co. (Insurance

Consultants) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W A A Dickson

Ms M R Dickson

G Mitchell

SECRETARY:

Ms M R Dickson

REGISTERED OFFICE:

16 Church Street

Kilrea

Londonderry

Co. Londonderry

BT51 5QU

REGISTERED NUMBER:

NI020866 (Northern Ireland)

AUDITORS:

Dundas Gallagher

Chartered Accountants and Statutory Auditors

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

FIXED ASSETS

Tangible assets

4

102,687

107,150

CURRENT ASSETS

Debtors

5

427,129

723,023

Cash at bank

1,533,639

2,348,813

1,960,768

3,071,836

CREDITORS

Amounts falling due within one year

6

1,859,896

1,808,541

NET CURRENT ASSETS

100,872

1,263,295

TOTAL ASSETS LESS CURRENT LIABILITIES

203,559

1,370,445

PROVISIONS FOR LIABILITIES

25,672

26,515

NET ASSETS

177,887

1,343,930

CAPITAL AND RESERVES

Called up share capital

7

300

300

Retained earnings

177,587

1,343,630

SHAREHOLDERS' FUNDS

177,887

1,343,930

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 19 December 2025 and were signed on its behalf by:

W A A Dickson - Director

1.	STATUTORY INFORMATION

William Kerr & Co. (Insurance Consultants) Limited is a private company, limited by shares , registered in Northern Ireland. 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 and on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Income relating to insurance broking is brought into account at the earlier of the policy inception date or when the policy placement has been completed and confirmed.

Fees and other income receivable are recognised in the period to which they relate and when they can be measured with reasonable certainty.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

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.

Tangible fixed assets

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

Tangible fixed assets are originally stated at cost and subsequently carried at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes any costs directly attributable to making the asset capable of operating as intended.

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

Plant and machinery etc

- 15% on reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of it's financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Going concern

The company has returned a net profit of £472,442 for the year to 31 March 2025. The company returned a net profit of £279,599 in the prior period. Business projections indicate increasing levels of turnover and profitability for the foreseeable future as the company will benefit from increased market access due to its strategic position within the group.

The owners have expressed their satisfaction with the performance of the business and confirmed their support for the company going forward.

Based on the above, it is deemed appropriate for the company to be regarded as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

530,215

Additions

13,658

At 31 March 2025

543,873

DEPRECIATION

At 1 April 2024

423,065

Charge for year

18,121

At 31 March 2025

441,186

NET BOOK VALUE

At 31 March 2025

102,687

At 31 March 2024

107,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

427,129

723,023

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,667,516

1,572,958

Taxation and social security

186,381

134,783

Other creditors

5,999

100,800

1,859,896

1,808,541

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

300

Ordinary

£1

300

300

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ruairi Dundas (Senior Statutory Auditor)

for and on behalf of Dundas Gallagher

9.	POST BALANCE SHEET EVENTS

There have been no significant events effecting the company since the financial year end.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr W A A Dickson and Ms M R Dickson.