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Company registration number: 07505626
International Business College Manchester Limited
Filleted financial statements
31 January 2025
International Business College Manchester Limited
Directors and other information

| Directors | Mr Mark Harrington
| Company number | 07505626
| Registered office | 11 Portland Street
|  | Minshull Street Entrance
|  | Manchester
|  | M1 3HU
| Auditor | G A Harris & Co Limited
|  | Brulimar House
|  | Jubilee Road
|  | Middleton
|  | Manchester
|  | M24 2LX

| Bankers | Royal Bank of Scotland Plc
|  | PO Box 320
|  | St Ann Street
|  | Manchester
|  | M2 3HY

International Business College Manchester Limited
Statement of financial position
31 January 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 28,776 |  |  |  | 18,732 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 28,776 |  |  |  | 18,732
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 483,845 |  |  |  | 416,189 |  |
Cash at bank and in hand |  |  | 48,168 |  |  |  | 96,944 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 532,013 |  |  |  | 513,133 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 463,683) |  |  |  | ( 472,300) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 68,330 |  |  |  | 40,833
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 97,106 |  |  |  | 59,565
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 2,500) |  |  |  | ( 12,500)
Provisions for liabilities |  |  |  |  | ( 6,809) |  |  |  | ( 4,121)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 87,797 |  |  |  | 42,944
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1 |  |  |  | 1
Profit and loss account |  |  |  |  | 87,796 |  |  |  | 42,943
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 87,797 |  |  |  | 42,944
|  |  |  |  | _______ |  |  |  | _______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 April 2026 , and are signed on behalf of the board by:
Mr Mark Harrington
Director
Company registration number: 07505626
International Business College Manchester Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 11 Portland Street, Minshull Street Entrance, Manchester, M1 3HU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 10 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 22 (2024: 22 ).
5. Tangible assets

|  | Plant and machinery | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 February 2024 | 37,413 | 37,413 |  |  |  |  |
| Additions | 15,317 | 15,317 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 January 2025 | 52,730 | 52,730 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 February 2024 | 18,681 | 18,681 |  |  |  |  |
| Charge for the year | 5,273 | 5,273 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 January 2025 | 23,954 | 23,954 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 January 2025 | 28,776 | 28,776 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 January 2024 | 18,732 | 18,732 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 483,845 | 416,189
|  |  | _______ | _______

The director, Mark Harrington, has given a personal guarantee in respect of the amounts due from the related party.
7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 10,000 | 10,000
| Trade creditors |  | 378,286 | 408,172
| Corporation tax |  | 8,795 | 3,418
| Social security and other taxes |  | 3,165 | 2,582
| Other creditors |  | 63,437 | 48,128
|  |  | _______ | _______
|  |  | 463,683 | 472,300
|  |  | _______ | _______

8. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 2,500 | 12,500
|  |  | _______ | _______

9. Summary audit opinion
The auditor's report dated 17 April 2026 was unqualified.
The statutory auditor was G A Harris & Co Limited
10. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Mark Harrington | ( 770) | ( 45,000) | ( 45,770) |  |  |
|  | _______ | _______ | _______ |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Mark Harrington | 14,990 | ( 15,760) | ( 770) |  |  |
|  | _______ | _______ | _______ |  |  |

11. Related party transactions
The director of the company. Mr Mark Harrington , is also a director and 100% shareholder of Orient Direct Limited. He is also a 50% director and shareholder of Apex Training Services Limited and Choices International Limited.The company paid Orient Direct Limited £312,500 (2024 £50,410) in the year in respect of marketing and management services.The company paid £0 (2024 £1,100) to Choices International Limited in respect of services received.At the balance sheet date Orient Direct Limited owed £435,035 to the company which is included in other debtors. Amounts due form/to Choices International Limited was £nil (2024 £nil).
12. Controlling party
The controlling party of the company is the sole director and shareholder, Mr Mark Harrington.
13. Going concern
International Business College Manchester Ltd is owed £435,035 by its associated company, Orient Direct Ltd. The Director of both companies is Mr Mark Harrington . The director has given a personal guarantee to International Business College Manchester Ltd, of all monies owing limited to £440,000. In November 2025, 49% of the shares in the company were sold to Matrix Solutions International Limited. Matrix Solutions International Limited have extensive experience in this educational sector which it is hoped will increase student numbers using the company. A proportion of the sale proceeds will be utilised to protect the company's financial position and enhance future growth. The trading of International Business College Manchester Ltd, remains strong, and increases year on year. Our strategy has been based on a commitment to delivery of high-quality education and an expansion of the portfolio of qualifications to include qualifications which provide our students with good career prospects in growth business sectors. It is unfortunate that the advent of the covid pandemic severely impacted the sector, due to the lack of movement of the international student sector, just at the time of the company's expansion program made possible through its extensive marketing procedures. However the company's resilience has paid off and it is seeing a continued growth pattern as noted above. The recent success in the achievement of Office For Student registration has allowed , for the first time, the recruitment of UK students funded by UK student -finance from 2023 onwards and this provides a foundation for further robust growth through recruitment of UK students, in addition to continuing growth of our International student base. Specific mention should also be made of the success of our professional training programmes in areas such ILM Leadership and Management and our continuing collaboration with our sister- company - Choices International Limited , a provider of high-value sports plus education programmes. These initiatives have allowed additional revenue streams to complement the core delivery of regulated qualifications. Our strategy of expanding our portfolio to deliver qualifications which provide our students with rewarding careers in growth sectors, while committing to quality delivery, will continue to provide