J.N & E Capstick Insurance Consultants Limited


Directors	Mr D J Capstick
	Mrs E Capstick


Registered Address	Market Square
	.
	Kirkby Stephen
	CA17 4QT


Registered Number	06872469 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	19		21

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	8,203	41,545	24,248	23,285	97,281
Additions	1,800	-	-	9,912	11,712
Disposals	(6,980)	(11,550)	-	(860)	(19,390)
At 31 March 26	3,023	29,995	24,248	32,337	89,603
Depreciation and impairment
At 01 April 25	2,086	10,459	12,500	20,181	45,226
Charge for year	273	5,245	1,762	5,070	12,350
On disposals	(1,483)	(1,444)	-	(693)	(3,620)
At 31 March 26	876	14,260	14,262	24,558	53,956
Net book value
At 31 March 26	2,147	15,735	9,986	7,779	35,647
At 31 March 25	6,117	31,086	11,748	3,104	52,055

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	89,757	30,412
Amounts owed by group undertakings	-	42,091
Other debtors	38,386	25,978
Prepayments and accrued income	2,400	-
Total	130,543	98,481

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	6,502	2,427
Taxation and social security	33,473	22,765
Finance lease and HP contracts	3,002	3,002
Other creditors	296,868	319,089
Accrued liabilities and deferred income	9,984	8,383
Total	349,829	355,666


	Finance lease and hire purchase creditors are secured on the assets to which they relate.

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	11,740	14,742
Total	11,740	14,742


	Within other creditors are finance lease and hire purchase creditors which are secured on the assets to which they relate.

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is made up of £2,600 (2025 - £3,700) and is in respect of accelerated capital allowances.

	2026	2025
	£	£
Net deferred tax liability (asset)	2,600	3,700
Total	2,600	3,700

8.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,491 (2025 - £1,100) were due to the fund. They are included in other creditors.

9.	Related party transactions
	The company is a subsidiary of David Capstick Limited. As of 31 March 2026, the company was owed £Nil (2025 - £42,091) by David Capstick Limited. As of 31 March 2026, the company was owed £12,000 (2025 - £12,000) from J.N & E Capstick Financial Services Limited, a company whose ultimate controlling party is also David Capstick Limited. During the year, a director had a loan account with the company. As of 1 April 2025, the company owed the director £21,642. During the year, the company advanced the director £27,932 and the director repaid £6,300. As of 31 March 2026, the company owed the director £10. This loan is interest free, unsecured and repayable upon demand.

Related party transactions

The company is a subsidiary of David Capstick Limited.  As of 31 March 2026, the company was owed £Nil (2025 - £42,091) by David Capstick Limited.

As of 31 March 2026, the company was owed £12,000 (2025 - £12,000) from J.N & E Capstick Financial Services Limited, a company whose ultimate controlling party is also David Capstick Limited.

During the year, a director had a loan account with the company.  As of 1 April 2025, the company owed the director £21,642.  During the year, the company advanced the director £27,932 and the director repaid £6,300.  As of 31 March 2026, the company owed the director £10.  This loan is interest free, unsecured and repayable upon demand.

10.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is David Capstick Limited, a company registered in England and Wales, company number 12061570.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		35,647		52,055
			35,647		52,055
Current assets
Debtors	4	130,543		98,481
Cash at bank and on hand		281,773		333,662
		412,316		432,143
Creditors amounts falling due within one year	5	(349,829)		(355,666)
Net current assets (liabilities)			62,487		76,477
Total assets less current liabilities			98,134		128,532
Creditors amounts falling due after one year	6		(11,740)		(14,742)
Provisions for liabilities	7		(2,600)		(3,700)
Net assets			83,794		110,090
Capital and reserves
Called up share capital			100		100
Profit and loss account			83,694		109,990
Shareholders' funds			83,794		110,090