More4Insure Limited - Filleted accounts

Registered number

15300195

More4Insure Limited

Filleted Accounts

31 December 2025

More4Insure Limited
Registered number:		15300195
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Non-Current Assets
Commission retention debtor			26,646			14,968
			26,646			14,968

Current assets
Debtors	3	472			80
Cash at bank and in hand		21,422			21,949
		21,894			22,029

Creditors: amounts falling due within one year	4	(31,476)			(17,392)

Net current (liabilities)/assets			(9,582)			4,637

Net assets			17,064			19,605

Capital and reserves
Called up share capital			100			100
Profit and loss account			16,964			19,505

Shareholders' funds			17,064			19,605

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.




Byron Moss
Director
Approved by the board on 8 September 2026

More4Insure 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 comprises commission earned on the arrangement of insurance policies for customers. Commission income is recognised when the insurance policy comes into force, reflecting the point at which the company becomes entitled to consideration under its agreements with insurers. Turnover is stated net of value added tax and includes adjustments for any commission clawbacks or retentions where applicable. Where insurers hold back retention amounts against potential clawbacks, the income is recognised to the extent that it is probable no significant reversal will occur, and a receivable is recognised accordingly.

	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.

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


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Deferred tax asset	392		-
	Other debtors	80		80
	Commission retention debtor - non-current	26,646		14,968
		27,118		15,048

	Amounts due after more than one year included above	26,646		14,968


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

	Taxation and social security costs	4,608		6,120
	Other creditors	900		599
	Clawback provision	25,968		10,673
		31,476		17,392

	Clawback Provision The company acts as an insurance intermediary and is subject to commission clawbacks if policies lapse within specified periods. During the year, commission refunds totalling £1,526 were repaid to insurers. Management has adopted a 15% provision rate based on typical industry norms for similar insurance products. This results in a total estimated clawback exposure of £30,869 (15% of £111,634 gross commission income before repayments + b/fwd of £14,049). After deducting the amounts already repaid, an additional provision of £25,968 has been included within creditors at year end. The provision will be reviewed annually in light of the company’s own experience and changes in industry practice.

5	Other information

	More4Insure Limited is a private company limited by shares and incorporated in England. Its registered office is:
	S H M S House
	20 Little Park Farm Road
	Fareham
	PO15 5TD