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Registered number: 05399196
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Just Insurance Agents Limited
Financial statements
Information for filing with the registrar
30 September 2025
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Just Insurance Agents Limited
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Balance sheet
At 30 September 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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Capital redemption reserve
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3
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Just Insurance Agents Limited
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Balance sheet (continued)
At 30 September 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2026.
Registered number: 05399196
The notes on pages 5 to 11 form part of these financial statements.
4
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
Just Insurance Agents Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Teleport House Suite 5 Grayling Court, Doxford International Business Park, Sunderland, SR3 3XD.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for commissions and charges earned during the year. Revenue from commissions and charges is recognised when the significant risks and rewards have transferred to the entity, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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Operating leases: the company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
5
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
6
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
2.Accounting policies (continued)
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
7
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
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The average monthly number of employees, including directors, during the year was 35 (2024 - 38).
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8
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
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Long-term leasehold property
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The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
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9
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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Included within creditors due within one year are amounts of £151,665 (2024: £141,281) relating to a bank loan which is secured by a fixed and floating debenture over all assets of the company.
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Creditors: amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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Included within creditors due after more than one year end are amounts of £58,771 (2024: £212,842) relating to a bank loan which is secured by a fixed and floating debenture over all assets of the company.
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10
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Just Insurance Agents Limited
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Notes to the financial statements
Year ended 30 September 2025
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Related party transactions
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NLJIS Holdings Limited
NLJIS Holdings Limited is this company's ultimate parent company and is incorporated in the United Kingdom. During the year NLJIS Holdings Limited had expenditure incurred on its behalf of £424 (2024: £2,840). At the balance sheet date NLJIS Holdings Limited owed this company £883,863 (2024: £957,538). The company has not charged interest on this amount and it is repayable on demand.
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11
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