Acorah Software Products - Accounts Production 19.4.351 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 06937112 R TEE P KERNER Avantis Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06937112 2024-12-31 06937112 2025-12-31 06937112 2025-01-01 2025-12-31 06937112 frs-core:CurrentFinancialInstruments 2025-12-31 06937112 frs-core:ShareCapital 2025-12-31 06937112 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 06937112 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06937112 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 06937112 frs-bus:SmallEntities 2025-01-01 2025-12-31 06937112 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 06937112 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06937112 frs-bus:Director1 2025-01-01 2025-12-31 06937112 frs-bus:Director2 2025-01-01 2025-12-31 06937112 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 06937112 frs-countries:EnglandWales 2025-01-01 2025-12-31 06937112 2023-12-31 06937112 2024-12-31 06937112 2024-01-01 2024-12-31 06937112 frs-core:CurrentFinancialInstruments 2024-12-31 06937112 frs-core:ShareCapital 2024-12-31 06937112 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 06937112
HISL Brokers Limited
Financial Statements
For The Year Ended 31 December 2025
HISL Brokers Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
HISL Brokers Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 06937112
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 752,563 1,455,469
Cash at bank and in hand 649,143 1,119,138
1,401,706 2,574,607
Creditors: Amounts Falling Due Within One Year 5 (1,182,265 ) (2,279,155 )
NET CURRENT ASSETS (LIABILITIES) 219,441 295,452
TOTAL ASSETS LESS CURRENT LIABILITIES 219,441 295,452
NET ASSETS 219,441 295,452
CAPITAL AND RESERVES
Called up share capital 6 200,000 200,000
Profit and Loss Account 19,441 95,452
SHAREHOLDERS' FUNDS 219,441 295,452
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R TEE
Director
24/09/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
HISL Brokers Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
HISL Brokers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06937112 . The registered office is 124 City Road,, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Directors consider that the Company has adequate resources to enable it to operate for a period of at least 12 months from the date of signing these financial statements. For this reason they continue to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Income is measured at fair value of the consideration received or receivable and represents the amount receivable for services rendered. net of returns, discounts and rebates allowed by the Company.
The Company recognises revenue when (a) the amount of revenue can be measured reliably; (b) it is probable that the economic benefits associated with the transaction will flow to the entity, (c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and (d) the costs
incurred for the transaction and the cost to complete transaction cab be measured reliably.
Income consists principally of insurance brokerage commissions and is recognised in the Statement of Comprehensive income on an accrual basis.
2.4. Financial Instruments
Financial assets
Basic financial assets, including debtors, cash and cash equivalents, are initially recognised at fair value plus directly related incremental transaction costs.
Trade and other receivables relate to amounts owed for the brokering insurance. Trade and other receivables are classified as becoming due and receivable within one year if receipt is due within one year or less. If not, they are presented as becoming due and receivable after more than one year. Such assets are subsequently measured at amortised costs less impairment.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. The impairment losses are the difference between the carrying amount and the present value. The impairment losses are recognised as impairment of financial instruments in the Statement of Comprehensive Income.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised.
The impairment reversal is recognised in the Statement of Comprehensive income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the assets are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of
the assets has been transferred to another party who has the practical ability to unilaterally sell the assets to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including creditors, trade and other payables, amounts owed to affiliated undertakings and other creditors are initially recognised at transaction price.
Creditors, trade and other payables are obligations to pay for client insurance contracts and broking introduction commissions. Creditors, trade and other payables are classified as becoming due and payable within one year if payment is due within one year or less. If not, they are presented as becoming due and payable after more than one year. Basic financial liabilities are subsequently measured at amortised cost.
Debt instruments initially measured at present value of future cashflows and subsequently measured at amortised cost using effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
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HISL Brokers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Related Party Disclosures
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 665,202 1,309,387
Amounts owed by group undertakings - 42,258
Other debtors 87,361 103,824
752,563 1,455,469
Page 3
Page 4
HISL Brokers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 974,472 2,097,330
Bank loans and overdrafts 49,757 38,601
Other creditors 158,036 143,224
1,182,265 2,279,155
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200,000 200,000
7. Related Party Transactions
Amounts owed by or to group undertakings are interest free and repayable on demand.
During the year, management fees previously charged by the parent company totaling £80,000 (2024: £53,725) were reversed and waived by the parent company. This reversal has been recognized within Administrative Expenses  in the Statement of Comprehensive Income.
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