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Company registration number: 04681610
(England and Wales)
JAMES & LINDSAY LTD
Unaudited filleted financial statements
for the year ended
31 March 2026
JAMES & LINDSAY LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
JAMES & LINDSAY LTD
Directors and other information

| Directors | L A E Nieuwenhuis
|  | M J Claydon
|  | R L Nieuwenhuis
| Company number | 04681610
| Registered office | 201 Shrub End Road
|  | Colchester
|  | Essex
|  | CO3 4RH
| Accountants | Griffin Chapman
|  | 4 & 5 The Cedars, Apex 12
|  | Old Ipswich Road
|  | Colchester
|  | Essex
|  | CO7 7QR

JAMES & LINDSAY LTD
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of JAMES & LINDSAY LTD
Year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAMES & LINDSAY LTD for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of JAMES & LINDSAY LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JAMES & LINDSAY LTD and state those matters that we have agreed to state to the board of directors of JAMES & LINDSAY LTD as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAMES & LINDSAY LTD and its board of directors as a body for our work or for this report.
It is your duty to ensure that JAMES & LINDSAY LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JAMES & LINDSAY LTD. You consider that JAMES & LINDSAY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of JAMES & LINDSAY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Griffin Chapman
Chartered Accountants
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
19 May 2026
JAMES & LINDSAY LTD
Statement of financial position
31 March 2026

|  |  | 2026 |  |  |  | 2025 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | 2 |  |  |  | 2 |  |
Tangible assets |  | 6 | 16,308 |  |  |  | 21,215 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 16,310 |  |  |  | 21,217
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 183,809 |  |  |  | 146,631 |  |
Cash at bank and in hand |  |  | 684,039 |  |  |  | 441,279 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 867,848 |  |  |  | 587,910 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 249,510) |  |  |  | ( 248,874) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 618,338 |  |  |  | 339,036
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 634,648 |  |  |  | 360,253
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | - |  |  |  | ( 3,334)
Provisions for liabilities |  |  |  |  | ( 3,973) |  |  |  | ( 5,181)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 630,675 |  |  |  | 351,738
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  | 575 |  |  |  | 575
Profit and loss account |  |  |  |  | 630,100 |  |  |  | 351,163
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 630,675 |  |  |  | 351,738
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2026 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 May 2026 , and are signed on behalf of the board by:
M J Claydon R L Nieuwenhuis
Director Director
Company registration number: 04681610
JAMES & LINDSAY LTD
Notes to the financial statements
Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 201 Shrub End Road, Colchester, Essex, CO3 4RH.
The principal activity of the company continues to be that of general insurance broking.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Insurance agency commissions received or receivable that require the agent to render further services are recognised as revenue by the agent on the effective commencement or renewal dates of the related policies. However, when it is probable that the agent will be required to render further services during the life of the policy, the agent defers the commission, or part of it, and recognises it as revenue over the period during which the policy is in force.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 15% reducing balance and 25% straight line |
| Fittings fixtures and equipment | - | 15% reducing balance |

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2025: 17 ).
5. Intangible assets

|  | Goodwill | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2025 and 31 March 2026 | 2 | 2 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 April 2025 and 31 March 2026 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2026 | 2 | 2 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2025 | 2 | 2 |  |  |  |
|  | _______ | _______ |  |  |  |

6. Tangible assets

|  | Plant and machinery | Fixtures, fittings and equipment | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 April 2025 | 35,553 | 27,007 | 62,560 |  |  |  |
| Additions | 400 | - | 400 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2026 | 35,953 | 27,007 | 62,960 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 April 2025 | 27,741 | 13,604 | 41,345 |  |  |  |
| Charge for the year | 3,296 | 2,011 | 5,307 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2026 | 31,037 | 15,615 | 46,652 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2026 | 4,916 | 11,392 | 16,308 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2025 | 7,812 | 13,403 | 21,215 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

7. Debtors

|  |  | 2026 | 2025
|  |  | £ | £
| Trade debtors |  | 148,279 | 112,631
| Other debtors |  | 35,530 | 34,000
|  |  | _______ | _______
|  |  | 183,809 | 146,631
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 3,334 | 10,000
| Trade creditors |  | 4,074 | 4,145
| Social security and other taxes |  | 219,628 | 215,387
| Other creditors |  | 22,474 | 19,342
|  |  | _______ | _______
|  |  | 249,510 | 248,874
|  |  | _______ | _______

9. Creditors: amounts falling due after more than one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | - | 3,334
|  |  | _______ | _______

10. Called up share capital
Issued, called up and fully paid

|  |  | 2026 |  |  |  | 2025 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 575 |  | 575 |  | 575 |  | 575
|  |  | _______ |  | _______ |  | _______ |  | _______

11. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:

| £ | £
Not later than 1 year | 27,575 | 8,750
Later than 1 year and not later than 5 years | 110,300 | -
Later than 5 years | 6,894 | -
| _______ | _______
| 144,769 | 8,750
| _______ | _______

12. Controlling party
The company is controlled by its parent company J & L General Holdings Ltd which owns all of the issued share capital. The registered office of J & L General Holdings Ltd is 201 Shrub End Road, Colchester, Essex, CO3 4RH.