Company registration number 02383157 (England and Wales)
INVOLVE VISUAL COLLABORATION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
INVOLVE VISUAL COLLABORATION LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10 - 11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 32
INVOLVE VISUAL COLLABORATION LIMITED
COMPANY INFORMATION
Directors
M R Dawes
G S Manton
R J Pasqualino
D E Thomas
P R Berry
M J Roach
Company number
02383157
Registered office
Martin Dawes House
Europa Boulevard
Westbrook
Warrington
United Kingdom
WA5 7WH
Auditor
Azets Audit Services
Ship Canal House
98 King Street
Manchester
M2 4WU
INVOLVE VISUAL COLLABORATION LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Principal activities

The principal activity of the company and group continued to be that of the selling and maintenance of audio-visual collaboration equipment and services.

Business review

Turnover for the year ended 31 December 202 5 was £14,759,836 (2024: £15,171,906) and profit before tax was £1,193,974 (2024: £905,664), as set out in the Statement of Comprehensive Income. The retained profit for the year was £974,352 (2024: £551,569).

The trading performance over the past twelve months reﬂects a strong trading performance in a competitive market place.

The group continues to use a successful sales engagement model, which includes strategic diversiﬁcation into new market sectors as well as the development of existing sectors. To further capitalise on our increased market penetration, additional technology and service offerings have been added to our product portfolio and have helped generate and develop new revenue streams.

Key performance indicators

Other than turnover and profit, as noted above, other key performance indicators are measured and monitored monthly by the management team to ensure objectives are met and to provide focus for continual improvement.

Examples of these indicators are as follows: .

- The delivery of services on time and to the highest standards.

- The building and maintaining of strong customer relationships.

- The development of our staff to ensure that they maximise their potential.

- To adhere to the policies set out by our quality management system.

Trends and factors that are likely to affect performance

The increasing need for businesses and their personnel to communicate and collaborate more effectively both internally and externally will help the group's performance in terms of customer retention and growth in customer base. Current economic drivers are focusing business managers to find more flexible and efficient ways in which key stakeholders can collaborate on a day-to-day basis. We believe our current and in-development service propositions demonstrably assist organisations in meeting these business process challenges.

Principal risks

The Directors have assessed the principal risks facing the group. The key commercial risks are:

- Competition from other providers for existing government contracts.

- Pressure on government departments to reduce expenditure.

- Economic factors limiting commercial customers' ability to make significant capital investments in c ollaborative visual technologies.

The last two risk factors above also present a real opportunity for the group to extend its presence in key market segments through demonstrating and realising the benefits of interactive collaboration through the use of audio-visual technology.

The Directors consider the quality of service provided and continued investment in our service and produc t offerings will enable the business to maintain a strong position.

INVOLVE VISUAL COLLABORATION LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Future developments

Our NHS joint venture organisation, Immedicare LLP, continues to develop and expand its portfolio of clinical services, with the objective of providing tailored solutions that address the needs of care homes in a more immediate, effective and efficient manner.

We will continue to invest in cloud-based and interpretation products and services to support our ongoing objective of increasing our presence within the audio-visual and visual collaboration market. This includes further investment in the development of our SQOD product and continued expansion within the healthcare sector through the launch of our Medio brand, which connects patients and clinicians through secure audio visual and communications technology.

These investments are expected to support our long-term growth strategy, broaden our service offering and strengthen our position within key markets.

On behalf of the board

G S Manton
Director
26 May 2026
INVOLVE VISUAL COLLABORATION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £825,000 (2024: £1,050,000). The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

M R Dawes
G S Manton
R J Pasqualino
D E Thomas
P R Berry
M J Roach
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Environmental issues

For most businesses there are direct cost advantages in performing day-to-day activities in the most energy efficient way possible. Not only does the capable way in which we manage our business minimise our effect on the environment, but the products and services that we supply have an extremely positive role to play in dramatically reducing the need for travel.

Health, safety, and welfare

The overall policies and objectives of the group in employee health, safety and welfare matters are under the regular and close scrutiny of management.

Engagement with employees

Within the bounds of commercial confidentiality, information is disseminated to all levels of staff about matters that affect the progress of the group and are of interest and concern to them as employees.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Auditor

The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

INVOLVE VISUAL COLLABORATION LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Matters covered in the strategic report

The true group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
G S Manton
Director
26 May 2026
INVOLVE VISUAL COLLABORATION LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF INVOLVE VISUAL COLLABORATION LIMITED
- 5 -
Opinion

We have audited the financial statements of Involve Visual Collaboration Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

INVOLVE VISUAL COLLABORATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INVOLVE VISUAL COLLABORATION LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

INVOLVE VISUAL COLLABORATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INVOLVE VISUAL COLLABORATION LIMITED
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Joseph Hughes (Senior Statutory Auditor)
For and on behalf of Azets Audit Services, Statutory Auditor
Chartered Accountants
Ship Canal House
98 King Street
Manchester
M2 4WU
26 May 2026
INVOLVE VISUAL COLLABORATION LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
14,759,836
15,171,906
Cost of sales
(8,422,280)
(8,875,670)
Gross profit
6,337,556
6,296,236
Distribution costs
(578,887)
(630,413)
Administrative expenses
(5,075,229)
(5,151,561)
Other operating income
3
256,209
328,851
Operating profit
4
939,649
843,113
Share of results of joint ventures
40,077
(174,691)
Interest receivable and similar income
8
215,919
240,503
Interest payable and similar expenses
7
(1,671)
(3,261)
Profit before taxation
1,193,974
905,664
Tax on profit
9
(219,622)
(354,095)
Profit for the financial year
974,352
551,569
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.

The notes on pages 15 to 32 form part of these financial statements.

INVOLVE VISUAL COLLABORATION LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
333,784
244,487
Tangible assets
13
2,770,143
2,470,675
Investment property
12
-
0
601,148
Investments in joint ventures
15
133,300
93,223
3,237,227
3,409,533
Current assets
Stocks
17
102,281
260,336
Debtors
18
3,916,963
4,792,295
Cash at bank and in hand
8,210,383
7,244,057
12,229,627
12,296,688
Creditors: amounts falling due within one year
19
(3,843,883)
(4,179,275)
Net current assets
8,385,744
8,117,413
Total assets less current liabilities
11,622,971
11,526,946
Creditors: amounts falling due after more than one year
20
-
(21,053)
Provisions for liabilities
Deferred tax liability
22
205,589
237,863
(205,589)
(237,863)
Net assets
11,417,382
11,268,030
Capital and reserves
Called up share capital
24
100,000
100,000
Profit and loss reserves
11,317,382
11,168,030
Total equity
11,417,382
11,268,030

The notes on pages 15 to 32 form part of these financial statements.

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
26 May 2026
G S Manton
Director
Company registration number 02383157 (England and Wales)
INVOLVE VISUAL COLLABORATION LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
333,784
244,487
Tangible assets
13
2,770,143
2,470,675
Investment property
12
-
0
601,148
Investments
15
97,478
97,478
3,201,405
3,413,788
Current assets
Stocks
17
102,281
260,336
Debtors
18
3,916,863
4,792,295
Cash at bank and in hand
8,210,383
7,244,057
12,229,527
12,296,688
Creditors: amounts falling due within one year
19
(3,843,883)
(4,179,375)
Net current assets
8,385,644
8,117,313
Total assets less current liabilities
11,587,049
11,531,101
Creditors: amounts falling due after more than one year
20
-
(21,053)
Provisions for liabilities
Deferred tax liability
22
205,589
237,863
(205,589)
(237,863)
Net assets
11,381,460
11,272,185
Capital and reserves
Called up share capital
24
100,000
100,000
Profit and loss reserves
11,281,460
11,172,185
Total equity
11,381,460
11,272,185

The notes on pages 15 to 32 form part of these financial statements.

INVOLVE VISUAL COLLABORATION LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 11 -

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £934,275 (2024 - £597,745 profit).

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
26 May 2026
G S Manton
Director
Company registration number 02383157 (England and Wales)
INVOLVE VISUAL COLLABORATION LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100,000
11,666,461
11,766,461
Year ended 31 December 2024:
Profit and total comprehensive income
-
551,569
551,569
Dividends
10
-
(1,050,000)
(1,050,000)
Balance at 31 December 2024
100,000
11,168,030
11,268,030
Year ended 31 December 2025:
Profit and total comprehensive income
-
974,352
974,352
Dividends
10
-
(825,000)
(825,000)
Balance at 31 December 2025
100,000
11,317,382
11,417,382

The notes on pages 15 to 32 form part of these financial statements.

INVOLVE VISUAL COLLABORATION LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100,000
11,624,440
11,724,440
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
597,745
597,745
Dividends
10
-
(1,050,000)
(1,050,000)
Balance at 31 December 2024
100,000
11,172,185
11,272,185
Year ended 31 December 2025:
Profit and total comprehensive income
-
934,275
934,275
Dividends
10
-
(825,000)
(825,000)
Balance at 31 December 2025
100,000
11,281,460
11,381,460

The notes on pages 15 to 32 form part of these financial statements.

INVOLVE VISUAL COLLABORATION LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
2,033,947
3,130,637
Income taxes paid
(247,120)
(275,568)
Net cash inflow from operating activities
1,786,827
2,855,069
Investing activities
Purchase of intangible assets
(151,372)
(145,516)
Purchase of tangible fixed assets
453,585
(602,003)
Proceeds from disposal of tangible fixed assets
(501,353)
181,608
Distributions from joint ventures
-
125,000
Cash advanced to joint venture
-
(101,266)
Interest received
215,919
240,503
Net cash generated from/(used in) investing activities
16,779
(301,674)
Financing activities
Payment of finance leases obligations
(10,609)
(21,977)
Interest paid
(1,671)
(3,261)
Dividends paid to equity shareholders
(825,000)
(1,050,000)
Net cash used in financing activities
(837,280)
(1,075,238)
Net increase in cash and cash equivalents
966,326
1,478,157
Cash and cash equivalents at beginning of year
7,244,057
5,765,900
Cash and cash equivalents at end of year
8,210,383
7,244,057

The notes on pages 15 to 32 form part of these financial statements.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
1
Accounting policies
Company information

Involve Visual Collaboration Ltd (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Martin Dawes House, Europa Boulevard, Westbrook, Warrington, Cheshire, England, WA5 7WH.

The group consists of Involve Visual Collaboration Ltd and its subsidiary.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’ and Section 3 'Finanical statement Presentation': Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Basis of consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiary, and its joint venture Immedicare LLP made up to 31 December 202 5. A joint venture is a contractual arrangement undertaking in which the Group exercises joint control over the operating and financial policies of the entity. Where the joint venture is carried out through an entity, it is treated as a jointly controlled entity. The Group's share of the profits minus losses of associates and of jointly controlled entities is included in the Consolidated Statement of Comprehensive Income and its interest in their net assets is recorded in the Consolidated Statement of Financial Position using the equity method.

In the parent Company financial statements, investments in subsidiaries and jointly controlled entities are carried at cost less impairment.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. This is on the basis that the business is profitable and cash generative, with £8.2m in cash at bank and in hand and minimal external debt.

In assessing going concern the Directors have produced budgets and forecasts that have been stress tested and show the business as a going concern.

1.4
Turnover

Turnover is the amount receivable for the provision of goods and services derived from ordinary activities, excluding value added tax, such turnover deriving from operations within the United Kingdom.

Turnover from the sale of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership are deemed to have transferred when the goods have been delivered to the customer, except where the terms and conditions of sale have been explicitly agreed as 'bill and hold' with the customer.

Turnover from services, other than those that arise from support, managed service, equipment hire or long-term contracts, is recognised when the service provided to the customer has been completed. Turnover in respect of long-term contracts, where installation services are provided over a number of months, is recognised based on the stage of completion of the project. Where customers are invoiced in advance, these amounts are presented as payments received on account within creditors, and represent amounts not yet recognised as revenue in accordance with the above policy.

Turnover from support, managed service or equipment hire contracts is recognised over the duration of the contract. Where applicable, any amounts invoiced or paid in advance will be deferred in the Balance Sheet until it is due to be recognised as turnover in the Group Statement of Comprehensive Income.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Straight line over 5 years
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line over 50 years
Fixtures and fittings
Straight line over 3 to 7 years
Computers
Straight line over 3 years
Motor vehicles
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.8
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.

An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.

In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated Statement of Comprehensive Income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated Statement of Financial Position, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

Any premium on acquisition is dealt with in accordance with the goodwill policy.

In the financial statements of the Company investments in joint ventures are shown at cost less impairment.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Accrued income

The revenue recognised in the accounts is based on the calculations and estimates of the percentage complete of projects at the balance sheet date, which is a critical judgement in applying the company's accounting policies.

3
Turnover and other revenue

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the England and Wales.

2025
2024
£
£
Other revenue
Rental income arising from investment properties
140,943
75,286
Sundry income
115,266
253,025
256,209
328,311

Sundry income relates to recharges to a joint venture entity.

4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Auditor's remuneration
38,000
37,800
Depreciation of owned tangible fixed assets
345,355
366,358
Loss/(profit) on disposal of tangible fixed assets
4,093
(69,343)
Amortisation of intangible assets
62,075
37,613
Operating lease charges and related expenses
165,277
257,359
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Management
10
10
10
10
Administration
24
29
24
29
Sales
30
32
30
32
Service and Maintenance
42
54
42
54
Total
106
125
106
125

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
5,059,468
5,547,807
5,059,468
5,547,807
Social security costs
648,643
631,899
648,643
631,899
Pension costs
166,988
186,715
166,988
186,715
5,875,099
6,366,421
5,875,099
6,366,421
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
692,742
941,458
Company pension contributions to defined contribution schemes
46,660
38,226
739,402
979,684

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 5 (2024 - 3).

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
206,382
229,702
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Directors' remuneration
(Continued)
- 23 -

During 2018, share options were granted to two directors by the parent company Martin Dawes Solutions Holdings Limited. There are no performance conditions attached to the share options and as such they are considered to have vested. No options were granted between 2019 and 2025. Neither of the directors exercised any share options during the year or prior year. The options will lapse if they have not been exercised by January 2028.

The option pricing model determined the fair value of the options granted to be £nil as at 31 December 2025 (2024: £nil). No charge was recognised in the year in respect of share-based payments.

In 2022, further share options were granted to six directors by the parent company Martin Dawes Solutions Holdings Limited. The shares were granted over "A" Ordinary shares, which are growth shares where a valuation threshold is required to be achieved before the option holders benefit. The Black-Scholes model was used to determine the fair value of the options granted and the directors have concluded that the issue of these shares had no material impact on the financial statements. The options will lapse if they have not been exercised by March 2032.

7
Interest payable and similar expenses
2025
2024
£
£
Other interest
1,671
3,261
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
215,919
240,503
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
325,906
200,352
Adjustments in respect of prior periods
(74,010)
(3,028)
Total current tax
251,896
197,324
Deferred tax
Origination and reversal of timing differences
(32,274)
156,771
Total tax charge
219,622
354,095
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Taxation
(Continued)
- 24 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,193,974
905,664
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
298,494
226,416
Tax effect of expenses that are not deductible in determining taxable profit
13,129
115,514
Adjustments in respect of prior years
(74,010)
(3,028)
Group relief
(16,368)
(16,161)
Deferred tax adjustments in respect of prior years
(43,115)
3,575
Fixed asset differences
48,725
48,089
Group income
-
0
(31,854)
Other differences
(7,233)
11,544
Taxation charge
219,622
354,095
10
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
825,000
1,050,000
11
Intangible fixed assets
Group
Software
£
Cost
At 1 January 2025
282,100
Additions
151,372
At 31 December 2025
433,472
Amortisation and impairment
At 1 January 2025
37,613
Amortisation charged for the year
62,075
At 31 December 2025
99,688
Carrying amount
At 31 December 2025
333,784
At 31 December 2024
244,487
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Intangible fixed assets
(Continued)
- 25 -
Company
Software
£
Cost
At 1 January 2025
282,100
Additions
151,372
At 31 December 2025
433,472
Amortisation and impairment
At 1 January 2025
37,613
Amortisation charged for the year
62,075
At 31 December 2025
99,688
Carrying amount
At 31 December 2025
333,784
At 31 December 2024
244,487

Group additions of £151,372 during the year relate to software development. Intangible fixed assets are amortised once they are complete and ready for use.

12
Investment property
Group
Company
2025
2025
£
£
Fair value
At 1 January 2025
601,148
601,148
Transfers to tangible fixed assets
(601,148)
(601,148)
At 31 December 2025
-
-

The Company acquired the freehold property of Martin Dawes House in June 2022.

The portion of the property that was leased out to tenants was classified as investment properties. An independent valuation was carried out for the purposes of the aquisition, and a proportion of the total valuation was allocated to investment properties by reference to the floor space of the leased portion as a proportion of the total floor space of the property.

Investment property was carried at fair value and assessed by directors, with regard to external professional valuation where necessary, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location, or condition of the specific asset.

During the year, the property ceased to be leased and as such has been moved into fixed assets.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
13
Tangible fixed assets
Group
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
1,411,009
401,610
816,244
863,486
3,492,349
Additions
-
0
4,888
21,520
121,155
147,563
Disposals
-
0
-
0
-
0
(176,472)
(176,472)
Transfers
601,148
-
0
-
0
-
0
601,148
At 31 December 2025
2,012,157
406,498
837,764
808,169
4,064,588
Depreciation and impairment
At 1 January 2025
30,551
108,998
633,509
248,616
1,021,674
Depreciation charged in the year
12,220
73,837
130,142
129,156
345,355
Eliminated in respect of disposals
-
0
-
0
-
0
(72,584)
(72,584)
At 31 December 2025
42,771
182,835
763,651
305,188
1,294,445
Carrying amount
At 31 December 2025
1,969,386
223,663
74,113
502,981
2,770,143
At 31 December 2024
1,380,458
292,612
182,735
614,870
2,470,675
Company
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
1,411,009
401,610
816,244
863,486
3,492,349
Additions
-
0
4,888
21,520
121,155
147,563
Disposals
-
0
-
0
-
0
(176,472)
(176,472)
Transfers
601,148
-
0
-
0
-
0
601,148
At 31 December 2025
2,012,157
406,498
837,764
808,169
4,064,588
Depreciation and impairment
At 1 January 2025
30,551
108,998
633,509
248,616
1,021,674
Depreciation charged in the year
12,220
73,837
130,142
129,156
345,355
Eliminated in respect of disposals
-
0
-
0
-
0
(72,584)
(72,584)
At 31 December 2025
42,771
182,835
763,651
305,188
1,294,445
Carrying amount
At 31 December 2025
1,969,386
223,663
74,113
502,981
2,770,143
At 31 December 2024
1,380,458
292,612
182,735
614,870
2,470,675
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13
Tangible fixed assets
(Continued)
- 27 -

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2024
2025
2024
£
£
£
£
Motor vehicles
40,123
51,211
40,123
51,211
14
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Involve Health Limited
Martin Dawes House, Europa Boulevard, Westbrook, Warrington, England, WA5 7WH
Dormant
Ordinary
100.00
15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
100
100
Investments in joint ventures
16
133,300
93,223
97,378
97,378
133,300
93,223
97,478
97,478
Movements in fixed asset investments
Group
Shares in joint ventures
£
Cost or valuation
At 1 January 2025
93,223
Profit share
40,077
At 31 December 2025
133,300
Carrying amount
At 31 December 2025
133,300
At 31 December 2024
93,223
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
15
Fixed asset investments
(Continued)
- 28 -
Movements in fixed asset investments
Company
Shares in subsidiaries and joint ventures
£
Cost or valuation
At 1 January 2025 and 31 December 2025
97,478
Carrying amount
At 31 December 2025
97,478
At 31 December 2024
97,478
16
Joint ventures

Details of joint ventures at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Interest
% Held
held
Direct
Immedicare LLP
Airedale General Hospital Skipton Road, Steeton, Keighley, West Yorkshire, BD20 6TD
Provision of telemedicine services and related technological and clinical services
Ordinary
50.00
17
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
102,281
260,336
102,281
260,336
18
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,103,888
3,515,832
2,103,888
3,515,832
Amounts owed by joint ventures
137,861
174,666
137,861
174,666
Other debtors
590,338
312,694
590,238
312,694
Prepayments and accrued income
1,084,876
789,103
1,084,876
789,103
3,916,963
4,792,295
3,916,863
4,792,295
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
19
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
21
21,053
10,609
21,053
10,609
Payments received on account
195,013
189,806
195,013
189,806
Trade creditors
1,448,504
1,297,336
1,448,504
1,297,336
Amounts owed to group undertakings
112,186
103,133
112,186
103,233
Corporation tax payable
78,189
73,413
78,189
73,413
Other taxation and social security
685,972
599,039
685,972
599,039
Other creditors
27,524
277,380
27,524
277,380
Accruals and deferred income
1,275,442
1,628,559
1,275,442
1,628,559
3,843,883
4,179,275
3,843,883
4,179,375

Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.

Within other creditors is the liability related to credit cards. These credit cards are secured by a fixed and floating charge over the assets of the company.

20
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
21
-
0
21,053
-
0
21,053

Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.

21
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
21,053
10,609
21,053
10,609
In two to five years
-
0
21,053
-
0
21,053
21,053
31,662
21,053
31,662
INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Fixed asset timing differences
213,384
251,794
Short term timing differences
(7,795)
(13,931)
205,589
237,863
Liabilities
Liabilities
2025
2024
Company
£
£
Fixed asset timing differences
213,384
251,794
Short term timing differences
(7,795)
(13,931)
205,589
237,863
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
237,863
237,863
Credit to profit or loss
(32,274)
(32,274)
Liability at 31 December 2025
205,589
205,589
23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
166,988
186,715

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
24
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100,000
100,000
100,000
100,000

The holders of Ordinary shares are entitled to receive dividends declared from time to time and are entitled to one vote per share at meetings of the company. The shares rank pari passu in all respects.

25
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
201,836
222,256
201,836
222,256
Between two and five years
226,955
419,855
226,955
419,855
428,791
642,111
428,791
642,111
Lessor

At the reporting end date the group had contracted with tenants for the following minimum lease payments:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
-
75,826
-
75,826
Between two and five years
-
94,783
-
94,783
-
170,609
-
170,609
26
Capital commitments

At the balance sheet date the group had capital commitments of £467,688 relating to intangible assets, expected to be incurred in the next financial period.

27
Related party transactions

The Company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the Group.

At the year end, £137,861 (2024: £174,666) was owed to the group by Immedicare LLP, a joint venture.

INVOLVE VISUAL COLLABORATION LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
28
Controlling party

The immediate and ultimate parent company is Martin Dawes Solutions Holdings Limited, a company registered in England and Wales with registered office Martin Dawes House, Europa Boulevard, Westbrook, Warrington, Cheshire, WA5 7WH.

The largest group in which the results of the Company are consolidated is that headed by Martin Dawes Solutions Holdings Limited. The consolidated financial statements of this company are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party is M Dawes by virtue of his personal and family shareholdings.

29
Cash generated from group operations
2025
2024
£
£
Profit after taxation
974,352
551,569
Adjustments for:
Share of results of associates and joint ventures
(40,077)
174,691
Taxation charged
219,622
354,095
Finance costs
1,671
3,261
Investment income
(215,919)
(240,503)
Loss/(gain) on disposal of tangible fixed assets
4,093
(69,343)
Amortisation and impairment of intangible assets
62,075
37,613
Depreciation and impairment of tangible fixed assets
345,355
366,358
Impairment of joint venture
-
46,485
Write off of loan to joint venture
-
101,266
Movements in working capital:
Decrease in stocks
158,055
303,200
Decrease in debtors
875,332
675,938
(Decrease)/increase in creditors
(350,612)
826,007
Cash generated from operations
2,033,947
3,130,637
30
Analysis of changes in net funds - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
7,244,057
966,326
8,210,383
Obligations under finance leases
(31,662)
10,609
(21,053)
7,212,395
976,935
8,189,330
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