Company registration number 10109424 (England and Wales)
MOTOREASY SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MOTOREASY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
MOTOREASY SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
3,158,227
2,461,979
Cash at bank and in hand
1,879,938
1,322,407
5,038,165
3,784,386
Creditors: amounts falling due within one year
5
(3,816,870)
(2,951,634)
Net current assets
1,221,295
832,752
Provisions for liabilities
6
(547,625)
(397,883)
Net assets
673,670
434,869
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
663,670
424,869
Total equity
673,670
434,869

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 July 2026 and are signed on its behalf by:
Ms S McClure Fisher
Director
Company registration number 10109424 (England and Wales)
MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Motoreasy Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, 60 Portman Road, Reading, UK, RG30 1EA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Intelligent Motoring. These consolidated financial statements are available from its registered office, Unit 6 60 Portman Road, Reading, England, RG30 1EA.

1.2
Revenue

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Turnover represents income receivable from the provision, administration and distribution of motoring-related insurance including commission, administration fees, cancellation fees and claims handling income. Revenue is recognised when the company has satisfied its performance obligations under the relevant contractual arrangements and when the amount of revenue can be measured reliably and economic benefits are probable.

Where the company acts as agent for insurers or other product providers, revenue is recognised on a net basis, representing the commission or fee income earned by the company rather than the gross premium or policy amount collected on behalf of third parties. Amounts collected on behalf of insurers or clients are recognised within insurance broking assets and liabilities where the company controls the related cash, debtor or creditor balance pending settlement.

Cancellation-related income and costs are recognised by reference to expected cancellations and refunds based on historical experience and management’s best estimate at the reporting date.

MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Provisions

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

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s 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.

1.9

Insurance debtors and creditors

The g roup acts as an agent of insurance companies in broking and administering insurance products and is liable as a principal for premiums due to those underwriters. The g roup has followed generally accepted accounting practice for insurance brokers by showing debtors, creditors and cash balances relating to insurance business as assets and liabilities of the g roup itself. Revenue is recognised on such agency arrangements as set out in the turnover accounting policy. Where written risk transfer arrangements are in place, amounts are held as agent of the relevant insurer. Other amounts are accounted for in accordance with the applicable client money arrangements. The related balances are included within debtors, cash at bank and creditors as set out in note 7.

MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the course of preparing the financial statements, no critical accounting judgements have been made

in the process of applying the Company’s accounting policies, other than those involving estimations as

disclosed below, that have had a significant effect on the amounts recognised in the financial

statements.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Cancellation Provision

Management were required to consider the r isk of insurance policies being cancelled before completion of the policy. I n doing so they make assumptions about the future likelihood of cancellation and associated cost and the expected rate of claims. Details of the provisions are set out in note 6.

Claims handling provision

Management were required to consider the r isk of insurance policies sold and allocate a cost of handling claims. I n doing so they make assumptions about the future costs of handling claims and the expected rate of claims. Details of the provisions are set out in note 6.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
97
83
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,338,547
2,115,264
Amounts owed by group undertakings
813,207
335,589
Prepayments and accrued income
6,473
11,126
3,158,227
2,461,979
MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
67,428
64,222
Amounts owed to group undertakings
237,115
142,939
Corporation tax
46,135
58,001
Other creditors
3,227,851
2,190,805
Accruals and deferred income
238,341
495,667
3,816,870
2,951,634
6
Provisions for liabilities
2025
2024
£
£
Claims handling provision
222,918
182,078
Cancellation provision
324,707
215,805
547,625
397,883
Movements on provisions:
Claims handling provision
Cancellation provision
Total
£
£
£
At 1 January 2025
182,078
215,802
397,880
Additional provisions in the year
40,840
108,905
149,745
At 31 December 2025
222,918
324,707
547,625
7
Insurance broking assets and liabilities
Included in these financial statements are the following balances which are held by the company as an agent and which represent premiums due to underwriters or claims payable to clients.
2025
2024
Debtors
1,324,003
1,068,639
Cash at bank and in hand
1,866,516
556,218
Creditors
(3,190,519)
(1,624,857)
-
-
MOTOREASY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
William Meakin
Statutory Auditor:
Bright Grahame Murray
Date of audit report:
21 July 2026
9
Related party transactions

The company has taken advantage of the exemptions available under Financial Reporting Standard 102, not to disclose any transactions or balances with entities that are 100% controlled by the entity or its parent company.

10
Parent company

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
Intelligent Motoring Limited
Smallest group
Intelligent Motoring Limited
2025-12-31 2025-01-01 false false false 21 July 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity William Duffy David Gerrans Eileen McClure Fisher Saoirse McClure Fisher 10109424 2025-01-01 2025-12-31 10109424 2025-12-31 10109424 core:WithinOneYear 2025-12-31 10109424 core:WithinOneYear 2024-12-31 10109424 2024-12-31 10109424 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 10109424 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10109424 core:ShareCapital 2025-12-31 10109424 core:ShareCapital 2024-12-31 10109424 core:RetainedEarningsAccumulatedLosses 2025-12-31 10109424 core:RetainedEarningsAccumulatedLosses 2024-12-31 10109424 bus:Director4 2025-01-01 2025-12-31 10109424 2024-01-01 2024-12-31 10109424 core:CurrentFinancialInstruments 2025-12-31 10109424 core:CurrentFinancialInstruments 2024-12-31 10109424 2024-12-31 10109424 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10109424 bus:FRS102 2025-01-01 2025-12-31 10109424 bus:Audited 2025-01-01 2025-12-31 10109424 bus:Director1 2025-01-01 2025-12-31 10109424 bus:Director2 2025-01-01 2025-12-31 10109424 bus:Director3 2025-01-01 2025-12-31 10109424 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10109424 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP