T.I.C. (UK) Limited - Filleted accounts

Registered number

03989910

T.I.C. (UK) Limited

Filleted Accounts

For the Year Ended

31 December 2025

T.I.C. (UK) Limited
Registered number:		03989910
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		182,367			189,416

Current assets
Debtors	5	165,928			52,411
Cash at bank and in hand		816,207			1,012,737
		982,135			1,065,148

Creditors: amounts falling due within one year	6	(239,483)			(252,639)

Net current assets			742,652			812,509

Total assets less current liabilities			925,019			1,001,925


Provisions for liabilities			(5,510)			(6,890)


Net assets			919,509			995,035

Capital and reserves
Called up share capital			300			300
Profit and loss account			919,209			994,735

Shareholders' funds			919,509			995,035

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M P Jackson
Director
Approved by the board on 12 February 2026

T.I.C. (UK) Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value of commission and brokerage and work carried out in respect of services provided to customers.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Buildings	2% straight line
	Plant and machinery	20% reducing balance
	Computer equipment	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Insurance debtors and creditors
	The company uses Broker Network, a separate unrelated company, to handle clients monies and settle payments to insurance companies, claims and refunds to clients. Therefore insurance debtors, insurance creditors and client cash balances are not included in these accounts.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			25		26


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 January 2025					746,914
	At 31 December 2025					746,914

	Amortisation
	At 1 January 2025					746,914
	At 31 December 2025					746,914

	Net book value
	At 31 December 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	162,266		508,355		670,621
	Disposals	-		(39,176)		(39,176)
	At 31 December 2025	162,266		469,179		631,445

	Depreciation
	At 1 January 2025	1,868		479,337		481,205
	Charge for the year	1,245		5,804		7,049
	On disposals	-		(39,176)		(39,176)
	At 31 December 2025	3,113		445,965		449,078

	Net book value
	At 31 December 2025	159,153		23,214		182,367
	At 31 December 2024	160,398		29,018		189,416


5	Debtors			2025		2024
£					£

	Trade debtors			38,859		33,808
	Other debtors			127,069		18,603
				165,928		52,411


	Included in other debtors is an amount due from M. True (Director) of £99,843 (2024 - Nil) - an interest bearing short term loan.


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			43,748		36,166
	Taxation and social security costs			180,321		203,202
	Other creditors			15,414		13,271
				239,483		252,639


7	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			138,871		152,587


8	Controlling party

	There is no overall controlling party.


9	Other information

	T.I.C. (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Jackson & Graham
	Lynn Garth
	Gillinggate
	Kendal
	LA9 4JB