Penshurst Insurance Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12712692 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Penshurst Insurance Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Brett

M A Carney

REGISTERED OFFICE:

Clock Tower Lodge Henley Road

Hurley

Maidenhead

Berkshire

SL6 5LW

REGISTERED NUMBER:

12712692 (England and Wales)

ACCOUNTANTS:

Veracity Accountants Limited

Dorney House

46-48a High Street

Burnham

Berkshire

SL1 7JP

FIXED ASSETS

Intangible assets

4

300,000

360,000

Tangible assets

5

12,392

3,226

312,392

363,226

CURRENT ASSETS

Debtors

6

116,218

17,369

Cash at bank

9,923

77,218

126,141

94,587

CREDITORS

Amounts falling due within one year

7

173,969

160,458

NET CURRENT LIABILITIES

(47,828

)

(65,871

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

264,564

297,355

CREDITORS

Amounts falling due after more than one
year

8

205,000

265,000

NET ASSETS

59,564

32,355

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

59,464

32,255

59,564

32,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 May 2026 and were signed on its behalf by:

M A Carney - Director

P M Brett - Director

1.	STATUTORY INFORMATION

Penshurst Insurance Services Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 8 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

600,000

AMORTISATION

At 1 April 2025

240,000

Charge for year

60,000

At 31 March 2026

300,000

NET BOOK VALUE

At 31 March 2026

300,000

At 31 March 2025

360,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

7,083

Additions

10,512

At 31 March 2026

17,595

DEPRECIATION

At 1 April 2025

3,857

Charge for year

1,346

At 31 March 2026

5,203

NET BOOK VALUE

At 31 March 2026

12,392

At 31 March 2025

3,226

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

116,218

17,369

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Taxation and social security

93,205

87,626

Other creditors

80,764

72,832

173,969

160,458

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Other creditors

205,000

265,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

25,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

P M Brett

Balance outstanding at start of year

-

Amounts advanced

11,561

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,561

-

The director’s loan account balance of £11,561 will be repaid within 9 months and one day of the year-end.