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Registered number: 07014570
Apex Insurance Brokers Limited
Financial Statements
For the Period 1 October 2024 to 31 December 2025
WESTCAS
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07014570
31 December 2025 30 September 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192,617 204,518
Investments 5 6,100 6,100
198,717 210,618
CURRENT ASSETS
Debtors 6 326,740 149,006
Cash at bank and in hand 158,864 38,843
485,604 187,849
Creditors: Amounts Falling Due Within One Year 7 (395,314 ) (178,031 )
NET CURRENT ASSETS (LIABILITIES) 90,290 9,818
TOTAL ASSETS LESS CURRENT LIABILITIES 289,007 220,436
Creditors: Amounts Falling Due After More Than One Year 8 (215,395 ) (160,938 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,601 ) (10,601 )
NET ASSETS 63,011 48,897
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 53,011 38,897
SHAREHOLDERS' FUNDS 63,011 48,897
Page 1
Page 2
For the period 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
Mr Matthew Bartlett
Director
Mr Timothy Roche
Director
25/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Apex Insurance Brokers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07014570 . The registered office is Unit 5 Anglo Office Park, Bristol, BS15 1NT.
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. Turnover
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0
Plant & Machinery 15% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. 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 period, 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 13 (2024: 13)
13 13
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2024 64,289 21,168 141,427 29,315
Additions - - - 246
As at 31 December 2025 64,289 21,168 141,427 29,561
Depreciation
As at 1 October 2024 - 9,871 55,295 11,266
Provided during the period - 1,695 8,613 2,707
As at 31 December 2025 - 11,566 63,908 13,973
Net Book Value
As at 31 December 2025 64,289 9,602 77,519 15,588
As at 1 October 2024 64,289 11,297 86,132 18,049
Computer Equipment Total
£ £
Cost
As at 1 October 2024 38,072 294,271
Additions 4,581 4,827
As at 31 December 2025 42,653 299,098
Depreciation
As at 1 October 2024 13,321 89,753
Provided during the period 3,713 16,728
As at 31 December 2025 17,034 106,481
Net Book Value
As at 31 December 2025 25,619 192,617
As at 1 October 2024 24,751 204,518
Page 4
Page 5
5. Investments
Subsidiaries Associates Total
£ £ £
Cost or Valuation
As at 1 October 2024 100 6,000 6,100
As at 31 December 2025 100 6,000 6,100
Provision
As at 1 October 2024 - - -
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 100 6,000 6,100
As at 1 October 2024 100 6,000 6,100
6. Debtors
31 December 2025 30 September 2024
£ £
Due within one year
Amounts owed by group undertakings - 93,963
Other debtors 326,740 55,043
326,740 149,006
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 September 2024
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 2,873 30,605
Credit card 7,305 1,434
Amounts owed to participating interests - 34,768
Other creditors 129,662 31,976
Taxation and social security 255,475 79,249
395,314 178,031
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 September 2024
£ £
Bank loans 4,276 17,587
Other loans 211,119 143,351
215,395 160,938
Page 5
Page 6
9. Share Capital
31 December 2025 30 September 2024
£ £
Called Up Share Capital not Paid 100 100
Called Up Share Capital has been paid up 9,900 9,900
Amount of Allotted, Called Up Share Capital 10,000 10,000
10. Dividends
31 December 2025 30 September 2024
£ £
On equity shares:
Final dividend paid 224,000 199,000
11. Reserves
Profit and Loss Account
£
As at 1 October 2024 38,897
Profit for the period and total comprehensive income 238,114
Dividends paid (224,000)
As at 31 December 2025 53,011
Page 6