Legal and Insurance Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02455684 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Legal and Insurance Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R A Daniell

W J Dresner

SECRETARY:

W J Dresner

REGISTERED OFFICE:

Friars Oak House

Bidborough

Tunbridge Wells

Kent

TN3 0LJ

REGISTERED NUMBER:

02455684 (England and Wales)

ACCOUNTANTS:

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Legal and Insurance Services Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Legal and Insurance Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Legal and Insurance Services Limited and state those matters that we have agreed to state to the Board of Directors of Legal and Insurance Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Legal and Insurance Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Legal and Insurance Services Limited 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 Legal and Insurance Services Limited. You consider that Legal and Insurance Services Limited 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 Legal and Insurance Services Limited. 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.

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

7 August 2026

FIXED ASSETS

Tangible assets

4

370

CURRENT ASSETS

Debtors

5

4,472,104

3,935,009

Cash at bank

87,858

89,123

4,559,962

4,024,132

CREDITORS

Amounts falling due within one year

6

3,477,035

3,171,156

NET CURRENT ASSETS

1,082,927

852,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,083,297

853,346

CAPITAL & RESERVES

Called up share capital

9

100

Capital redemption reserve

10

2

Retained earnings

10

1,083,195

853,244

SHAREHOLDERS' FUNDS

1,083,297

853,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 7 August 2026 and were signed on its behalf by:

W J Dresner - Director

R A Daniell - Director

1.	STATUTORY INFORMATION

Legal and Insurance Services 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

Commissions receivable is the total amount receivable by the company in the ordinary course of business for services provided as an underwriting agency. Commission is recognised at the time the premium is received from the insured.

Commissions payable to brokers are recognised at the same time as the income to which they relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 25 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

& fittings

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

93,964

180,289

274,253

DEPRECIATION

At 1 January 2025

and 31 December 2025

93,956

179,927

273,883

NET BOOK VALUE

At 31 December 2025

8

362

370

At 31 December 2024

8

362

370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,299,836

1,184,341

Other debtors

3,172,268

2,750,668

4,472,104

3,935,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

3,160,518

2,742,233

Taxation & social security

311,777

424,183

Other creditors

4,740

3,477,035

3,171,156

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

-

18,600

Between one and five years

-

49,600

-

68,200

8.	SECURED DEBTS

Registration of charge dated 30/04/2020 in respect of a fixed and floating charge over all properties or undertakings of the client.

9.	CALLED UP SHARE CAPITAL

Allotted, Issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

'A' Ordinary

£1

2

'B' Ordinary

£1

2

-

'C' Ordinary

£1

-

2

'D' Ordinary

£1

2

94

'E' Ordinary

£1

94

100

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 January 2025

853,244

2

853,246

Profit for the year

1,370,951

Dividends

(1,141,000

)

(1,141,000

)

At 31 December 2025

1,083,195

2

1,083,197