Credential Insurance Brokers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03306678 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

Credential Insurance Brokers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P S W Lau

REGISTERED OFFICE:

620A Kings Road

London

SW6 2DU

REGISTERED NUMBER:

03306678 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

30,996

Tangible assets

5

19,019

25,360

19,019

56,356

CURRENT ASSETS

Debtors

6

33,037

10,976

Cash at bank

200,415

238,936

233,452

249,912

CREDITORS

Amounts falling due within one year

7

85,681

81,164

NET CURRENT ASSETS

147,771

168,748

TOTAL ASSETS LESS CURRENT
LIABILITIES

166,790

225,104

CAPITAL AND RESERVES

Called up share capital

12,500

Capital redemption reserve

37,500

Retained earnings

116,790

175,104

SHAREHOLDERS' FUNDS

166,790

225,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 July 2026 and were signed by:

P S W Lau - Director

1.	STATUTORY INFORMATION

Credential Insurance Brokers Limited 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 2007, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

25% on reducing balance

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 5 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

50,229

Disposals

(50,229

)

At 30 June 2026

-

AMORTISATION

At 1 July 2025

19,233

Eliminated on disposal

(19,233

)

At 30 June 2026

-

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

30,996

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 July 2025

and 30 June 2026

6,137

3,800

53,135

16,578

79,650

DEPRECIATION

At 1 July 2025

6,130

3,673

30,719

13,768

54,290

Charge for year

2

32

5,604

703

6,341

At 30 June 2026

6,132

3,705

36,323

14,471

60,631

NET BOOK VALUE

At 30 June 2026

5

95

16,812

2,107

19,019

At 30 June 2025

7

127

22,416

2,810

25,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

Premiums due from clients

998

3,687

Other debtors

24,750

-

Tax

7,289

33,037

10,976

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

Premiums due to insurers

76,960

62,443

Social security and other taxes

1

Directors' current accounts

5,000

15,000

Accrued expenses

3,720

85,681

81,164