Registration number: 09949202

Malago Insurance Brokers Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Malago Insurance Brokers Limited

Company Information

Director

M Rowles

Registered office

Clue House Central Park Estate Petherton Road Bristol County BS14 9BZ

Accountants

Burton Sweet Limited Chartered Accountants & Tax Advisors Spencer House,Morston Court Aisecome Way Weston-super-Mare BS22 8NG

Malago Insurance Brokers Limited

(Registration number: 09949202)
Balance Sheet
31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	52,804	66,750
Tangible assets	5	1,348	3,616
		54,152	70,366
Current assets
Debtors	6	46,295	43,710
Cash at bank and in hand		43,347	46,086
		89,642	89,796
Creditors: Amounts falling due within one year	7	(55,449)	(64,050)
Net current assets		34,193	25,746
Total assets less current liabilities		88,345	96,112
Creditors: Amounts falling due after more than one year	7	(22,965)	(33,879)
Provisions for liabilities		(256)	(885)
Net assets		65,124	61,348
Capital and reserves
Called up share capital		100	100
Retained earnings		65,024	61,248
Shareholders' funds		65,124	61,348

Malago Insurance Brokers Limited

(Registration number: 09949202)
Balance Sheet
31 March 2026

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2026
 

......................................... M Rowles Director

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clue House Central Park Estate
Petherton Road
Bristol
County
BS14 9BZ

These financial statements were authorised for issue by the director on 22 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

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.

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold land and buildings	3 years straight line
Plant and machinery	4 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Acquisition of business	5 years straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2025 - 4).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	100,000	100,000
Additions acquired separately	7,568	7,568
At 31 March 2026	107,568	107,568
Amortisation
At 1 April 2025	33,250	33,250
Amortisation charge	21,514	21,514
At 31 March 2026	54,764	54,764
Carrying amount
At 31 March 2026	52,804	52,804
At 31 March 2025	66,750	66,750

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

5	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	1,902	8,782	10,684
Additions	-	750	750
At 31 March 2026	1,902	9,532	11,434
Depreciation
At 1 April 2025	634	6,434	7,068
Charge for the year	634	2,384	3,018
At 31 March 2026	1,268	8,818	10,086
Carrying amount
At 31 March 2026	634	714	1,348
At 31 March 2025	1,268	2,348	3,616

Included within the net book value of land and buildings above is £634 (2025 - £1,268) in respect of leasehold land and buildings improvement costs.
 

6

Debtors

	2026 £	2025 £
Trade debtors	44,501	41,318
Other debtors	1,794	2,392
	46,295	43,710

Malago Insurance Brokers Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	11,481	13,065
Trade creditors		6,719	3,276
Taxation and social security		36,122	45,771
Accruals and deferred income		1,104	1,436
Other creditors		23	502
		55,449	64,050

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	22,965	33,879

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	22,965	33,879

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	11,481	13,065