Registration number: 00781781

Institute of Internal Communication Limited

Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	36,869	52,677
Tangible assets	5	10,392	7,012
		47,261	59,689
Current assets
Debtors	6	277,175	274,034
Cash at bank and in hand		455,491	471,306
		732,666	745,340
Creditors: Amounts falling due within one year	7	(328,014)	(401,394)
Net current assets		404,652	343,946
Net assets		451,913	403,635
Reserves
Retained earnings		451,913	403,635
Surplus		451,913	403,635

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Institute of Internal Communication Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Institute of Internal Communication Limited

Statement of Financial Position as at 31 December 2025

Approved and authorised by the Board on 15 April 2026 and signed on its behalf by:
 

.........................................

J C Sproul

Director

.........................................

D J Walters

Director

Company registration number: 00781781

Institute of Internal Communication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is limited by guarantee, incorporated in England and Wales. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Scorpio House
Rockingham Drive
Linford Wood
Milton Keynes
MK14 6LY

The principal activity of the company is that of the training and development of skills to those engaged in the management, editing or production of corporate communication media.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company had net assets at 31 December 2025 of £451,913 including cash at bank of £455,491.

The directors have considered the financial position, resources and revenue streams of the company for the foreseeable future. Given the company's net asset position and expected revenue generation based on detailed future budgets, the directors consider that the company will be able to meet its future obligations as they fall due. Therefore, the directors have concluded that the going concern basis of accounting continues to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises turnover in respect of education and training on the date of delivery and in respect of awards, dinners and events on the date of the event. Turnover from membership subscriptions are recognised evenly over the period of membership.

Institute of Internal Communication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Intangible assets

Intangible assets are carried at cost less accumulated amortisation and any accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website Development	20% straight line

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	10% - 33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year was 10 (2024 - 9).

Institute of Internal Communication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Website Development  £	Total £
Cost
At 1 January 2025	100,709	100,709
Additions	4,485	4,485
At 31 December 2023	105,194	105,194
Amortisation
At 1 January 2025	48,032	48,032
Amortisation charge	20,293	20,293
At 31 December 2025	68,325	68,325
Carrying amount
At 31 December 2025	36,869	36,869
At 31 December 2024	52,677	52,677

5	Tangible assets

	Fixtures, fittings and equipment £	Total £
Cost or valuation
At 1 January 2025	25,619	25,619
Additions	6,176	6,176
At 31 December 2025	31,795	31,795
Depreciation
At 1 January 2025	18,607	18,607
Charge for the year	2,796	2,796
At 31 December 2025	21,403	21,403
Carrying amount
At 31 December 2025	10,392	10,392
At 31 December 2024	7,012	7,012

Institute of Internal Communication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	167,694	179,005
Other debtors	109,481	95,029
	277,175	274,034

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	113,594	121,908
Taxation and social security	46,073	53,255
Other creditors	168,347	226,231
	328,014	401,394

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £Nil (2024 - £19,091).