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Company No: 03437425 (England and Wales)

# P & C(INSURANCE BROKERS) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 March 2025
Pages for filing with the registrar

P & C(INSURANCE BROKERS) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 March 2025

Contents

P & C(INSURANCE BROKERS) LIMITED

## BALANCE SHEET

As at 30 March 2025
P & C(INSURANCE BROKERS) LIMITED

## BALANCE SHEET (continued)

As at 30 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 3,152 |  | 3,931
|  | 3,152 |  | 3,931
Current assets |  |  |  |
Debtors | 4 | 583,136 |  | 395,485
Cash at bank and in hand |  | 1,830 |  | 5,810
|  | 584,966 |  | 401,295
Creditors: amounts falling due within one year | 5 | ( 410,762) |  | ( 297,205)
Net current assets |  | 174,204 |  | 104,090
Total assets less current liabilities |  | 177,356 |  | 108,021
Creditors: amounts falling due after more than one year | 6 | ( 1,667) |  | ( 11,667)
Provision for liabilities |  | ( 788) |  | ( 983)
Net assets |  | 174,901 |  | 95,371
Capital and reserves |  |  |  |
Called-up share capital |  | 1,200 |  | 1,200
Profit and loss account |  | 173,701 |  | 94,171
Total shareholders' funds |  | 174,901 |  | 95,371

For the financial year ending 30 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of P & C(Insurance Brokers) Limited (registered number: 03437425) were approved and authorised for issue by the Board of Directors on 11 March 2026. They were signed on its behalf by:

A D Parsons Director |

P & C(INSURANCE BROKERS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 March 2025
P & C(INSURANCE BROKERS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

P & C(Insurance Brokers) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Second Floor, 8 Trinity, 161 Old Christchurch Road, Bournemouth, BH1 1JU.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

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 and after eliminating services within the company. 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.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 15 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 9

#### 3. Tangible assets

| Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 31 March 2024 | 35,114 |  | 1,487 |  | 36,601
At 30 March 2025 | 35,114 |  | 1,487 |  | 36,601
Accumulated depreciation |  |  |  |  |
At 31 March 2024 | 31,555 |  | 1,115 |  | 32,670
Charge for the financial year | 534 |  | 245 |  | 779
At 30 March 2025 | 32,089 |  | 1,360 |  | 33,449
Net book value |  |  |  |  |
At 30 March 2025 | 3,025 |  | 127 |  | 3,152
At 30 March 2024 | 3,559 |  | 372 |  | 3,931

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 583,136 |  | 395,485

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,000 |  | 10,000
Corporation tax | 380,021 |  | 276,502
Other taxation and social security | 11,767 |  | 1,810
Other creditors | 8,974 |  | 8,893
| 410,762 |  | 297,205

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,667 |  | 11,667

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Other | 38,400 |  | 38,400

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Loan to directors | 437,268 |  | 280,814