REGISTERED NUMBER: 05160590 (England and Wales)

ISC RESEARCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

N D Brummitt

SECRETARY:

REGISTERED OFFICE:

3 Cherry Lane

RAF Lakenheath

Brandon

Suffolk

IP27 9RW

REGISTERED NUMBER:

05160590 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Intangible assets

4

393,425

240,740

Tangible assets

5

33,548

50,756

Investments

6

100

100

427,073

291,596

CURRENT ASSETS

Debtors

7

632,987

595,661

Cash at bank and in hand

527,876

1,033,028

1,160,863

1,628,689

CREDITORS

Amounts falling due within one year

8

1,434,749

1,870,237

NET CURRENT LIABILITIES

(273,886

)

(241,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,187

50,048

PROVISIONS FOR LIABILITIES

8,388

12,689

NET ASSETS

144,799

37,359

CAPITAL AND RESERVES

Called up share capital

190

190

Retained earnings

144,609

37,169

144,799

37,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

N D Brummitt - Director

1.	STATUTORY INFORMATION

ISC Research 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.

Revenue from licences and subscriptions is deferred and released to revenue pro-rata to the length of the agreement. Licences have a typical duration of twelve months.

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.

Data Access Point is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets

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

Equipment 33% straight line

Website 20%/33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

798,500

Additions

250,188

At 30 June 2025

1,048,688

AMORTISATION

At 1 July 2024

557,760

Charge for year

97,503

At 30 June 2025

655,263

NET BOOK VALUE

At 30 June 2025

393,425

At 30 June 2024

240,740

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

165,399

Additions

10,015

At 30 June 2025

175,414

DEPRECIATION

At 1 July 2024

114,643

Charge for year

27,223

At 30 June 2025

141,866

NET BOOK VALUE

At 30 June 2025

33,548

At 30 June 2024

50,756

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

100

NET BOOK VALUE

At 30 June 2025

100

At 30 June 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

318,906

303,985

Amounts owed by group undertakings

248,826

248,826

Amounts owed by participating interests

964

964

Other debtors

64,291

41,886

632,987

595,661

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

32,557

26,397

Taxation and social security

197,956

244,111

Other creditors

1,204,236

1,599,729

1,434,749

1,870,237

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

N D Brummitt

Balance outstanding at start of year

(275,000

)

-

Amounts advanced

275,000

-

Amounts repaid

-

(275,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(275,000

)

10.	RELATED PARTY DISCLOSURES

During the year, the company loaned funds to a subsidiary that it controls. At the start of the year, the company was owed £964 and at the end of the year, the company was owed £964 by its subsidiary. The loan is interest free and repayable on demand.

During the year, the company loaned funds to its parent. At the start of the year, the company was owed £248,626 and at the end of the year, the company was owed £248,826 by its parent. The loan is interest free and repayable on demand. During the year ISC Research Limited paid £300,000 (2024: £575,000) in dividends to its parent company.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is The International School Consultancy Group Limited.

The registered office and principle place of business is 3 Cherry Lane, Lakenheath, Suffolk IP27 9RW.