REGISTERED NUMBER: 01025411 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Vadis Insurance Brokers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Davis

Ms L A Davis

SECRETARY:

Mrs P A Davis

REGISTERED OFFICE:

151 High Street

Burton-on-Trent

Staffordshire

DE14 1JE

REGISTERED NUMBER:

01025411 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

293,880

300,058

Investments

5

3,342

3,342

297,222

303,400

CURRENT ASSETS

Debtors

6

239,336

160,490

Cash at bank and in hand

51

1,315

239,387

161,805

CREDITORS

Amounts falling due within one year

7

255,223

249,639

NET CURRENT LIABILITIES

(15,836

)

(87,834

)

TOTAL ASSETS LESS CURRENT LIABILITIES

281,386

215,566

CREDITORS

Amounts falling due after more than one year

8

69,241

30,935

NET ASSETS

212,145

184,631

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Revaluation reserve

9

178,664

182,114

Retained earnings

9

30,481

(483

)

SHAREHOLDERS' FUNDS

212,145

184,631

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

A R Davis - Director

1.	STATUTORY INFORMATION

Vadis 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 as modified by the revaluation of certain assets.

Insurance broking transactions

Turnover represents commission earned which is recognised in the profit and loss account upon the issue of a debit note or renewals notice.

Amounts owing to insurance companies in respect of premiums payable by customers of the company are included in trade creditors in the gross sum due. Commissions due on these amounts are included within trade debtors.

Premiums due from customers on insurance broking transactions and commissions owed to the company on investment business are also included within trade debtors.

Tangible fixed assets

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

Freehold land and buildings

-

2% on revaluation

Office furniture and equipment

-

20% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged in the profit and loss account as they are paid.

Fixed asset investments

Unlisted investments are stated at cost less provision for permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Office

Freehold

furniture

land and

and

buildings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

400,000

72,021

472,021

Additions

-

234

234

At 31 December 2025

400,000

72,255

472,255

DEPRECIATION

At 1 January 2025

102,000

69,963

171,963

Charge for year

6,000

412

6,412

At 31 December 2025

108,000

70,375

178,375

NET BOOK VALUE

At 31 December 2025

292,000

1,880

293,880

At 31 December 2024

298,000

2,058

300,058

Included in cost or valuation of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated.

Cost or valuation at 31 December 2025 is represented by:

Office

Freehold

furniture

land and

and

buildings

equipment

Totals

£

£

£

Valuation in 2025

400,000

-

400,000

Cost

-

72,255

72,255

400,000

72,255

472,255

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

197,485

197,485

Aggregate depreciation

86,690

84,141

Value of land in freehold land and buildings

70,000

70,000

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2025

and 31 December 2025

3,342

NET BOOK VALUE

At 31 December 2025

3,342

At 31 December 2024

3,342

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

62,106

65,128

Other debtors

100

-

Directors' current accounts

129,598

68,286

Prepayments

3,793

4,029

195,597

137,443

Amounts falling due after more than one year:

Tax

43,739

23,047

Aggregate amounts

239,336

160,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

47,622

64,881

Trade creditors

132,806

143,914

Tax

55,572

33,037

Other taxes and social security

13,756

5,219

Other creditors

876

728

Accrued expenses

4,591

1,860

255,223

249,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan - 1 - 2 years

12,631

5,505

Bank loan - 2 - 5 years

43,785

17,365

Bank loan - over 5 years

12,825

8,065

69,241

30,935

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loan - over 5 years

12,825

8,065

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2025

(483

)

182,114

181,631

Profit for the year

27,514

27,514

Depreciation adjustment

3,450

(3,450

)

-

At 31 December 2025

30,481

178,664

209,145

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain loan accounts with the company. At the balance sheet date, the amounts owing from the directors is shown in the debtors note. Interest has been charged at 2.25% and 3.75% on the amounts advanced.