REGISTERED NUMBER: 14621822 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

APPLIED INSURTECH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S E Andrew

S Peart

REGISTERED OFFICE:

Bellingham House

2 Huntingdon Street

St Neots

Cambridgeshire

PE19 1BG

REGISTERED NUMBER:

14621822 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Intangible assets

4

192,500

47,500

Tangible assets

5

15,093

251

207,593

47,751

CURRENT ASSETS

Debtors

6

9,608

6,416

Cash at bank

16,096

258,238

25,704

264,654

CREDITORS

Amounts falling due within one year

7

6,717

245,147

NET CURRENT ASSETS

18,987

19,507

TOTAL ASSETS LESS CURRENT LIABILITIES

226,580

67,258

PROVISIONS FOR LIABILITIES

39,443

9,548

NET ASSETS

187,137

57,710

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,037

57,610

187,137

57,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 13 June 2026 and were signed on its behalf by:

S E Andrew - Director

1.	STATUTORY INFORMATION

Applied Insurtech 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents income from services provided in relation to development work, which is recognised in the profit and loss based on work complete in the period. It also includes income from hosting and support services which is recognised in the period it relates to.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Development costs

Amortisation is included in 'administrative expenses' in the profit and loss account.

Costs associated with maintaining computer software are recognised as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets when the following criteria are met:

o it is technically feasible to complete the software so that it will be available for use;

o management intends to complete the software and use or sell it;

o there is an ability to use or sell the software;

o it can be demonstrated how the software will generate probable future economic benefits;

o adequate technical, financial and other resources to complete the development and to use or sell the software are available; and

o the expenditure attributable to the software during its development can be reliably measured.

Other development expenditures that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% 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.

Research and development

Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life. Development expenditure is capitalised so as to reflect the income-generating software that has been developed.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2025

50,000

Additions

150,000

At 31 December 2025

200,000

AMORTISATION

At 1 January 2025

2,500

Amortisation for year

5,000

At 31 December 2025

7,500

NET BOOK VALUE

At 31 December 2025

192,500

At 31 December 2024

47,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

258

Additions

17,851

At 31 December 2025

18,109

DEPRECIATION

At 1 January 2025

7

Charge for year

3,009

At 31 December 2025

3,016

NET BOOK VALUE

At 31 December 2025

15,093

At 31 December 2024

251

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

9,608

6,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

3,795

1,748

Taxation and social security

1,422

41,822

Other creditors

1,500

201,577

6,717

245,147