Napoleon had already redployed his armies from Boulogne to confront the Austrians after the British had subsidised the Third Coalition. There would have been no invasion; the barges he had built were already rotting. What might have occurred was trade strangulation of the British Isles, but it would have depended on the scale of the Franco/Spanish victory. That fleet was not Britain's only fleet, either. In either case, it's a useless what if (no offence). The Franco/Spanish fleet had no chance against the Royal Navy. The French ships were better, but their officers were inferior, their sailors more so, and their gunnery - the doctrine of which was appalling anyway - was dire