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REGISTERED NUMBER: 06809003 (England and Wales)

THINK INSURANCE SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

THINK INSURANCE SERVICES LIMITED

COMPANY INFORMATION

For The Year Ended 30 JUNE 2025

| DIRECTORS: | R J Fullerton

| G M Hussey

| Mrs H L Fullerton

| Mrs J Hussey

| REGISTERED OFFICE: | 26 Newhall Street

| Walsall

| West Midlands

| WS1 3DZ

| REGISTERED NUMBER: | 06809003 (England and Wales)

| AUDITORS: | Charles Lovell & Co Limited

| Chartered Certified Accountants

| and Statutory Auditors

| 8 Church Green East

| Redditch

| Worcestershire

| B98 8BP

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

BALANCE SHEET

30 JUNE 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 954,336 |  | 431,244 |  |

Tangible assets | 5 | 422,255 |  | 215,967 |  |

1,376,591 |  | 647,211 |  |

CURRENT ASSETS

Debtors | 6 | 3,035,020 |  | 2,891,317 |  |

Cash at bank | 2,367,337 |  | 2,932,552 |  |

5,402,357 |  | 5,823,869 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,156,174 |  | 2,469,095 |  |

NET CURRENT ASSETS | 2,246,183 |  | 3,354,774 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,622,774 |  | 4,001,985 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (300,969 | ) | (422,488 | ) |

PROVISIONS FOR LIABILITIES | 11 | (50,167 | ) | (37,128 | ) |

NET ASSETS | 3,271,638 |  | 3,542,369 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 100 |  | 100 |  |

Retained earnings | 3,271,538 |  | 3,542,269 |  |

SHAREHOLDERS' FUNDS | 3,271,638 |  | 3,542,369 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

R J Fullerton - Director

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 30 JUNE 2025

1. | STATUTORY INFORMATION

| Think Insurance Services 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.

| Turnover

| Turnover comprises net commission receivable and related fees on business incepting up to the year end.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition businesses in 2022, 2023 and 2024, is being amortised evenly over its estimated useful life of four years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Office equipment | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 JUNE 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 112 (2024 - 106 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024 | 599,993 |  |

| Additions | 999,992 |  |

| Impairments | (210,792 | ) |

| At 30 June 2025 | 1,389,193 |  |

| AMORTISATION

| At 1 July 2024 | 168,749 |  |

| Charge for year | 266,108 |  |

| At 30 June 2025 | 434,857 |  |

| NET BOOK VALUE

| At 30 June 2025 | 954,336 |  |

| At 30 June 2024 | 431,244 |  |

5. | TANGIBLE FIXED ASSETS

| Office |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 52,439 |  | 396,894 |  | 99,127 |  | 548,460 |  |

| Additions | - |  | 464,843 |  | 13,088 |  | 477,931 |  |

| Disposals | - |  | (396,894 | ) | (7,923 | ) | (404,817 | ) |

| At 30 June 2025 | 52,439 |  | 464,843 |  | 104,292 |  | 621,574 |  |

| DEPRECIATION

| At 1 July 2024 | 51,232 |  | 191,967 |  | 89,294 |  | 332,493 |  |

| Charge for year | 396 |  | 55,705 |  | 10,603 |  | 66,704 |  |

| Eliminated on disposal | - |  | (191,967 | ) | (7,911 | ) | (199,878 | ) |

| At 30 June 2025 | 51,628 |  | 55,705 |  | 91,986 |  | 199,319 |  |

| NET BOOK VALUE

| At 30 June 2025 | 811 |  | 409,138 |  | 12,306 |  | 422,255 |  |

| At 30 June 2024 | 1,207 |  | 204,927 |  | 9,833 |  | 215,967 |  |

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 JUNE 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 July 2024 | 396,894 |  |

| Additions | 464,843 |  |

| Disposals | (396,894 | ) |

| At 30 June 2025 | 464,843 |  |

| DEPRECIATION

| At 1 July 2024 | 191,967 |  |

| Charge for year | 55,705 |  |

| Eliminated on disposal | (191,967 | ) |

| At 30 June 2025 | 55,705 |  |

| NET BOOK VALUE

| At 30 June 2025 | 409,138 |  |

| At 30 June 2024 | 204,927 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 1,857,127 |  | 1,920,059 |  |

| Other debtors | 1,177,893 |  | 971,258 |  |

3,035,020 |  | 2,891,317 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts (see note 9) | 48,828 |  | 4,624 |  |

| Trade creditors | 1,994,090 |  | 1,608,818 |  |

| Amounts owed to group undertakings | 141,654 |  | 96,312 |  |

| Taxation and social security | 356,387 |  | 317,049 |  |

| Other creditors | 615,215 |  | 442,292 |  |

3,156,174 |  | 2,469,095 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts (see note 9) | 300,969 |  | 262,074 |  |

| Other creditors | - |  | 160,414 |  |

300,969 |  | 422,488 |  |

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 JUNE 2025

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.6.25 |  | 30.6.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 48,828 |  | 4,624 |  |

| Between one and five years | 300,969 |  | 262,074 |  |

349,797 |  | 266,698 |  |

| Non-cancellable |

| operating leases |

| 30.6.25 |  | 30.6.24

£ | £ |

| Within one year | 54,586 |  | 70,017 |  |

| Between one and five years | 107,012 |  | 161,599 |  |

161,598 |  | 231,616 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts | 349,797 |  | 266,698 |  |

11. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 50,167 |  | 37,128 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 37,128 |  |

| Charge to Income Statement during year | 13,039 |  |

| Balance at 30 June 2025 | 50,167 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 82 | Ordinary A | £1 | 82 |  | 82 |  |

| 18 | Ordinary B | £1 | 18 |  | 18 |  |

100 |  | 100 |  |

THINK INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 06809003)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 JUNE 2025

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| John Thomas Harris (Senior Statutory Auditor)

| for and on behalf of Charles Lovell & Co Limited

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| G M Hussey

| Balance outstanding at start of year | 373,166 |  | 374,503 |  |

| Amounts advanced | 201,057 |  | - |  |

| Amounts repaid | - |  | (1,337 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 574,223 |  | 373,166 |  |

| R J Fullerton

| Balance outstanding at start of year | 304,701 |  | 304,701 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 304,701 |  | 304,701 |  |

15. | RELATED PARTY DISCLOSURES

| Ensco 1292 Limited, the parent company of Think Insurance Services Limited, rents the premises to Think Insurance Services Limited for £30,000 per annum.