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Registration number: 07078231

International Testing & Training Services Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

International Testing & Training Services Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 10

International Testing & Training Services Ltd

Company Information

Directors | Mr Tamas Legradi Mr Giuseppe Ruggieri

Registered office | Universal Square Main Building 3rd Floor Devonshire St. North Manchester M12 6JH

Accountants | UHY Williamson Croft Chartered Certified Accountants Williamson Croft Accountants Ltd York House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
International Testing & Training Services Ltd
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of International Testing & Training Services Ltd for the year ended 31 December 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of International Testing & Training Services Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of International Testing & Training Services Ltd and state those matters that we have agreed to state to the Board of Directors of International Testing & Training Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Testing & Training Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that International Testing & Training Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of International Testing & Training Services Ltd. You consider that International Testing & Training Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of International Testing & Training Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
UHY Williamson Croft
Chartered Certified Accountants
Williamson Croft Accountants Ltd
York House
20 York Street
Manchester
M2 3BB

21 July 2026

International Testing & Training Services Ltd

(Registration number: 07078231)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 722,731 | 636,044
Tangible assets | 5 | 29,103 | 22,988
|  | 751,834 | 659,032
Current assets |  |  |
Debtors | 6 | 534,477 | 695,519
Cash at bank and in hand |  | 97,911 | 408,144
|  | 632,388 | 1,103,663
Creditors: Amounts falling due within one year | 7 | (540,581) | (1,037,492)
Net current assets |  | 91,807 | 66,171
Total assets less current liabilities |  | 843,641 | 725,203
Creditors: Amounts falling due after more than one year | 7 | (85,286) | -
Provisions for liabilities |  | (7,276) | (5,747)
Net assets |  | 751,079 | 719,456
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | 751,077 | 719,454
Shareholders' funds |  | 751,079 | 719,456

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’.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

......................................... Mr Giuseppe Ruggieri Director

International Testing & Training Services Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Universal Square Main Building
3rd Floor
Devonshire St. North
Manchester
M12 6JH

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

International Testing & Training Services Ltd

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

Foreign currency transactions and balances

Foreign currency transactions are translated into the functional currency using the sport exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income'.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

International Testing & Training Services Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% Straight line
Fixtures and fittings | 25% Reducing balance
Leasehold Improvement | 10% Straight Line

Intangible assets

Development costs that are directly attributable to the design, development and testing of websites and software platforms controlled by the company are capitalised as intangible assets. Intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses.

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
Internally developed software | Over 10 years straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

International Testing & Training Services Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 (including directors) during the year, was 12 (2024 - 12).

International Testing & Training Services Ltd

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

4 | Intangible assets

| Internally developed software £ | Total £
Cost or valuation
At 1 January 2025 | 890,978 | 890,978
Additions acquired separately | 185,013 | 185,013
At 31 December 2025 | 1,075,991 | 1,075,991
Amortisation
At 1 January 2025 | 254,934 | 254,934
Amortisation charge | 98,326 | 98,326
At 31 December 2025 | 353,260 | 353,260
Carrying amount
At 31 December 2025 | 722,731 | 722,731
At 31 December 2024 | 636,044 | 636,044

5 | Tangible assets

| Land and buildings £ | Office Equipment £ | Fixtures and Fittings £ | Total £
Cost or valuation
At 1 January 2025 | - | 149,858 | 57,697 | 207,555
Additions | 8,596 | 6,463 | 540 | 15,599
At 31 December 2025 | 8,596 | 156,321 | 58,237 | 223,154
Depreciation
At 1 January 2025 | - | 143,388 | 41,179 | 184,567
Charge for the year | 215 | 5,004 | 4,265 | 9,484
At 31 December 2025 | 215 | 148,392 | 45,444 | 194,051
Carrying amount
At 31 December 2025 | 8,381 | 7,929 | 12,793 | 29,103
At 31 December 2024 | - | 6,470 | 16,518 | 22,988

International Testing & Training Services Ltd

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

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 204,745 | 250,922
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 10 | 3,094 | -
Prepayments and accrued income |  | 204,572 | 16,606
Other debtors |  | 122,066 | 427,991
|  | 534,477 | 695,519

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 14,714 | 53,745
Trade creditors |  | 256,830 | 174,258
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 11,433 | -
Taxation and social security |  | 4,605 | 9,400
Accruals and deferred income |  | 75,408 | 623,012
Other creditors |  | 177,591 | 177,077
|  | 540,581 | 1,037,492

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 85,286 | -

Included within loans and borrowings less than one year is £14,714 (2024: £53,745), and loans and borrowings greater than one year is £85,286 (2024: £Nil). This relates to commercial loans which are secured by way of a fixed and floating charge and negative pledge.

International Testing & Training Services Ltd

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

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,216,066 (2024 - £42,287). The balance relates to the undiscounted minimum future payments due under non-cancellable operating leases, no security has been provided.

10 | Related party transactions

The company has taken advantage of the exemption within FRS102 (Section 1A) from the requirement to disclose transactions with entities where each party to the transaction is a wholly owned member of the same group.

11 | Parent and ultimate parent undertaking

The company's immediate parent is International Assessment Group Limited, incorporated in England and Wales.