ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: NI678548

Frontline Technology Services UK Limited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

Frontline Technology Services UK Limited

Registered number: NI678548

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		174,337		193,896
			174,337		193,896
Current assets
Debtors: amounts falling due within one year	5	661,983		410,245
Cash at bank and in hand	6	229,595		147,361
		891,578		557,606
Creditors: amounts falling due within one year	7	(319,525)		(295,248)
Net current assets			572,053		262,358
Total assets less current liabilities			746,390		456,254
Creditors: amounts falling due after more than one year	8		(27,500)		(27,500)
Provisions for liabilities
Deferred tax	9		(31,729)		(52,727)
Net assets			687,161		376,027

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		687,061	375,927
		687,161	376,027

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Frontline Technology Services UK Limited

Registered number: NI678548

Balance Sheet (continued)

As at 31 December 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2025.

Benjamin Andrew Treuil

Director

The notes on pages 3 to 9 form part of these financial statements.

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

Frontline Technology Services UK Limited is a private company limited by shares incorporated in Northern Ireland. The registrations number and address of the registered office are given in the company section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The director of Frontline Technology Services UK Limited has reviewed the resources available and believes that the company has adequate resources in operational existence for the forseeable future.
With support from its parent company, Frontline Technology Services UK Limited continues to adopt the going concern basis in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Turnover

Turnover shown in the Statement of Comprehensive Income represents amounts receivable from Frontline Technology Services UK Limited immediate parent company, Frontline Insurance Managers Inc. during the period for the provision of support services, exclusive of VAT.
Turnover in respect of the provision of support services to Frontline Insurance Managers Inc. is calculated as attributable cost plus a mark up, in accordance with an intercompany agreement between Frontline Technology Services UK Limited and Frontline Insurance Managers Inc.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	straight-line method
				Computer equipment	-	33%	straight-line method

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 20).

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	139,273	148,426	287,699
Additions	51,246	6,257	57,503
At 31 December 2024	190,519	154,683	345,202
Depreciation
At 1 January 2024	32,709	61,094	93,803
Charge for the year on owned assets	29,567	47,495	77,062
At 31 December 2024	62,276	108,589	170,865
Net book value
At 31 December 2024	128,243	46,094	174,337
At 31 December 2023	106,564	87,332	193,896

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	374,658	-
Other debtors	237,464	335,396
Prepayments and accrued income	49,861	74,849
	661,983	410,245

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	229,595	147,361
	229,595	147,361

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	24,373	41,076
Amounts owed to group undertakings	-	61,881
Corporation tax	40,555	-
Other taxation and social security	52,996	77,796
Other creditors	23,505	21,329
Accruals and deferred income	178,096	93,166
	319,525	295,248

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Net obligations under finance leases and hire purchase contracts	27,500	27,500
	27,500	27,500

9.	Deferred taxation

		2024
		£

	At beginning of year	(52,727)
	Charged to profit or loss	20,998
	At end of year	(31,729)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

	Accelerated capital allowances	(31,729)	(52,727)
		(31,729)	(52,727)

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Frontline Technology Services UK Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

10.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares shares of £1.00 each	100	100

11.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £135,941 (2023: £77,462). Contributions totalling £23,506 (2023: £17,587) were payable to the fund at the balance sheet date and are included in creditors.

Not later than 1 year	110,000	110,000
Later than 1 year	715,000	825,000
	825,000	935,000

13.	Ultimate parent undertaking

Frontline Insurance Managers Inc, a company established in the USA, controls 100% of the Company's equity share capital and is the ultimate parent company.

14.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 19 September 2025 by Adrian Patton (Senior Statutory Auditor) on behalf of Sumer AuditCo NI Ltd.

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