REGISTERED NUMBER: 03904541

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TRINITY INSURANCE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Weight

M H Austin

R L Ach

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

03904541

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

141,735

219,713

Tangible assets

5

10,810

8,190

152,545

227,903

CURRENT ASSETS

Debtors: amounts falling due within one year

6

321,612

315,444

Debtors: amounts falling due after more than one year

6

18,858

147,294

Cash in hand

313,217

212,304

653,687

675,042

CREDITORS

Amounts falling due within one year

7

515,142

475,017

NET CURRENT ASSETS

138,545

200,025

TOTAL ASSETS LESS CURRENT LIABILITIES

291,090

427,928

PROVISIONS FOR LIABILITIES

8

26,120

24,656

NET ASSETS

264,970

403,272

CAPITAL AND RESERVES

Called up share capital

2,263,613

2,203,613

Retained earnings

(1,998,643

)

(1,800,341

)

SHAREHOLDERS' FUNDS

264,970

403,272

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 23 June 2026 and were signed on its behalf by:

M H Austin - Director

1.	STATEMENT OF COMPLIANCE

Trinity Insurance Services Limited is a private company, limited by shares, registered in England and Wales. The Registered Office is Appledram Barns, Birdham Road, Chichester, West Sussex, PO20 7EQ and the company's registered number is 03904541.

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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

Going concern

The directors have assessed that the company has adequate resources to continue in operational existence for a minimum of 12 months from the date of signing the financial statements. This is on the basis that support will be provided by other group companies and has been confirmed with a support letter. Should the company require further investment and cash funding from other group companies in the upcoming months, the directors believe it will be forthcoming.

For this reason, the directors believe that the financial statements should be prepared on a going concern basis and do not believe a material uncertainty exists in relation to going concern. The financial statements do not include any adjustment that would arise if the going concern assumption was found to be inappropriate.

Turnover

Insurance premiums

Insurance premiums are received net of insurance premium tax and underwriting costs. Income is recognised on the date of renewal or the date of commencement of the insurance policy, whichever is earlier.

Commission

Commission receivable is recognised net of any amounts clawed back, and is recognised in the period that the commission is earned.

Intangible assets

Intangible assets are initially measured at cost. The initial split of which has been determined from the estimated relative fair values of the component parts. An unincorporated business was acquired in 2018 and the directors have made the best estimate of this split.

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

The membership lists are amortised on a straight line basis over 5 or 10 years, depending on the estimated minimum useful economic life of the membership lists. Trade marks are amortised over the time to expiry of the trade mark, estimated to be 5 years. Computer software is amortised on a straight line basis over 3 years and reducing balance basis over 10 years.

At the year end an impairment review was carried out which estimates the net present value of the profits derived from customers on the membership list. In the opinion of the directors this amount was considered to be higher than the amortised amount as at 31 December 2025.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Computer equipment - 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 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. Current tax is not discounted.

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. Deferred taxation assets and liabilities are recognised at the tax rates enacted or substantially enacted by the balance sheet date.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provision for liabilities

Provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is for clawback of commissions and is the best estimate of the number of life insurance policies to lapse in the clawback period of four years. The estimate has been based on historical data which has been updated during the current year.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Membership

list and

Software

Computer

trademarks

development

software

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

600,116

162,934

74,191

837,241

AMORTISATION

At 1 January 2025

472,981

103,583

40,964

617,528

Amortisation for year

45,954

28,332

3,692

77,978

At 31 December 2025

518,935

131,915

44,656

695,506

NET BOOK VALUE

At 31 December 2025

81,181

31,019

29,535

141,735

At 31 December 2024

127,135

59,351

33,227

219,713

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

44,726

Additions

9,042

Disposals

(29,780

)

At 31 December 2025

23,988

DEPRECIATION

At 1 January 2025

36,536

Charge for year

4,406

Eliminated on disposal

(27,764

)

At 31 December 2025

13,178

NET BOOK VALUE

At 31 December 2025

10,810

At 31 December 2024

8,190

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

215,784

221,213

Amounts owed by group undertakings

85,000

50,000

Other debtors

20,828

44,231

321,612

315,444

Amounts falling due after more than one year:

Other debtors

18,858

147,294

Aggregate amounts

340,470

462,738

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

424,798

386,091

Taxation and social security

25,011

21,879

Other creditors

65,333

67,047

515,142

475,017

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Other provisions

26,120

24,656

Deferred tax

Commission clawbacks

£

£

Balance at 1 January 2025

(145,651

)

24,656

Provided during the year

-

37,899

Charge/(credit) to income statement during year

145,651

(36,435

)

-

26,120

Deferred tax

The company has tax losses available to carry forward to future periods of £1,479,387 (2024: £1,507,221).

Debtors include a deferred tax asset of £nil (2024 - £145,651) associated with these tax losses, together with accelerated capital allowances, provided within these financial statements. The unprovided deferred tax asset, at 25%, amounts to £360,786 (2024: £216,670).

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

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

10.	OPERATING LEASE COMMITMENTS

At 31 December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £8,640 (2024: £8,184).