Year Ended
Registration number:
Ingram Content Group UK Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Ingram Content Group UK Limited
Company Information
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Directors |
Alfred M Dowell Jacqueline Sells |
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Company secretary |
TJG Secretaries Ltd |
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Registered office |
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Solicitors |
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Bankers |
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Auditors |
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Ingram Content Group UK Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is digital printing and distribution of books.
Fair review of the business
Turnover in 2025 at £84,659,272 was 15.0% higher than in the previous year (2024 - £73,628,420). The gross margin of £25,634,740 is 9.7% higher than in the previous year (2024 - £23,358,800).
The company made a profit on ordinary activities before taxation of £705,545. This was 66.3% lower compared with the previous year (2024 - £2,095,381).
The directors expect that the company's revenues and related margins will remain positive and the company plans to continue to invest in the latest technology to support on-going operations and to keep the company at the leading edge of its Industry.
Principal risks and uncertainties
The directors do not consider there to be material exposure to price risk, credit risk, liquidity risk, interest rate risk or cash flow risk for which actions have not been taken.
Given the size of the company, the directors have not delegated the responsibility for monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by the company's finance department. The company does not use derivative financial instruments to manage interest rate risks or foreign currency exchange rate risks and as such no hedge accounting is applied. The credit risk policy, highlighted below, details the financial risk management activities in place.
Price Risk
The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing any such exposure exceeds any potential benefits.
The directors will re-visit this policy should the company's operations change significantly in size or nature.
Credit risk
The company has implemented policies that require appropriate credit checks to be performed on potential customers before sales are made. The amount of exposure to any individual counter-party is subject to a limit which is re-assessed annually.
Future developments
The company continues to invest in new technology to drive down costs, improve efficiency and provide a market leading service to our industry.
Ingram Content Group UK Limited
Strategic Report for the Year Ended 31 December 2025
Liquidity risk, interest rate risk and cash flow risk
The company is financed by its parent company through a mixture of short-term and long-term debt. This arrangement is designed to ensure the company has sufficient available funds for day-to-day operations and planned expansion. The arrangement is structured that in the event the company's operating cash is in excess of its day-to-day funding or expansion needs, the company records a receivable from the parent. To the extent the parent company loans or receivable are interest bearing, the interest rate is set by the parent company and interest payable or interest receivable is calculated on a daily basis. Presently, the company has a receivable balance from the parent company.
Section 172(1) statement
The directors consider the key stakeholders of the business to be the US based parent company, Ingram Industries Inc., in addition to the clients, customers, employees, and suppliers of the UK business. The business also has an obligation to its local community and to the UK government as the reporting state of record.
The directors engage with the key stakeholder through robust, transparent, and regular system of two-way communications facilitated via a range of platforms.
We evaluate strategic decisions and projects by the profitability and return to investors in order to support the requirements of our parent company, and primary investor, Ingram Industries Inc. We are ISO accredited and aim to support the local environment and the communities in which we operate.
We regularly monitor KPI’s to ensure a quality product and service, we maintain a quality assurance process and have robust client and customer service functions.
We encourage a strong sense of business ethics and support suppliers with timely payment and regular communications.
Engagement with employees
Employee engagement is a key strategic area to ensure business growth and success. As an ethical organisation we work to enhance employee engagement by operating in a culture of safety, value, and inclusivity.
The company utilises an external partner to undertake an annual employee engagement survey. This, alongside regular employee reviews and exit interviews, provides data to enable us to foster continuous improvement in employee experience and engagement.
Communications are key to employee engagement and to facilitate this we undertake regular email, newsletter, magazine and web-based communications as well as an annual “town hall” meeting and an executive “open door” policy to ensure all associates have access to leadership and are able to express their thoughts.
In addition, the business endeavours to be a preferred employer with competitive benefits. These include career development opportunities through learning packages, qualification sponsorship and internal promotion, employee inclusivity through programmes such as “INgram” and employee safeguarding through our Lifeworks employee support package.
Ingram Content Group UK Limited
Strategic Report for the Year Ended 31 December 2025
Engagement with suppliers, customers and other relationships
The companies’ key relationships are with employees, commodities suppliers, transportation suppliers, client publishers and customers.
Relationships with commodities suppliers are managed globally by the parent business to promote robust, efficient, and cost-effective relationships. Relationships with transport suppliers are closely supported by the UK operations team to ensure ongoing timely services and correct treatment of goods for export.
Client publisher and customer relationships are supported by the company’s extensive, UK-based, client and customer support and sales teams who are able to offer many years of experience to ensure robust business relationships.
Approved and authorised by the
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Ingram Content Group UK Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Environmental report
We have considered the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) when preparing this report. These recommendations encourage businesses to increase disclosure of climate-related information, with an emphasis on financial disclosure. Ingram Content Group UK Limited supports these recommendations and are committed to disclosing the relevant information which can be found below.
Emissions and energy consumption
Stated below are the company's energy consumption, in kilowatt-hours (kwh).
For the year ended 31st December 2025, the company had energy consumption and related emissions of carbon dioxide equivalent as follows:
The aggregate annual quantity of energy consumed from activities for which the company is responsible was 4,189,488 kWh, equivalent to 14,547 kWh per employee. All forms of energy used (electric, gas, oil, diesel and petrol) were converted into a common measurement unit (kWh) and converted into carbon tonnes.
2025: 4,189,488 kWh (2024: 4,056,511 kWh).
Converting kWh to tonnes of CO2 (tCO2e) 2025: 745 tCO2e (2024: 847 tCO2e).
The amounts for energy consumption from the combustion of gas and purchase of electricity for own use were obtained from billing information from our suppliers.
Intensity ratio Emissions per £million of turnover: 8.80 (2024: 11.51).
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of PKF Francis Clark as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Ingram Content Group UK Limited
Directors' Report for the Year Ended 31 December 2025
Other matters
In accordance with section 414C(11) of the Companies Act 2006, information regarding financial instruments, future developments and engagement with employees, suppliers and customers has been disclosed in the Strategic Report.
Approved by the
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Ingram Content Group UK Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Ingram Content Group UK Limited
Independent Auditor's Report to the Members of Ingram Content Group UK Limited
Opinion
We have audited the financial statements of Ingram Content Group UK Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of 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 company's affairs as at 31 December 2025 and of its 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 responsibilities for the audit of the financial statements section of our report. We are independent of the 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 director's 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Ingram Content Group UK Limited
Independent Auditor's Report to the Members of Ingram Content Group UK Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the 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 Statement of Directors' Responsibilities set out on page 7, 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 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 company or to cease operations, or have no realistic alternative but to do so.
Auditor 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Ingram Content Group UK Limited
Independent Auditor's Report to the Members of Ingram Content Group UK Limited
As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to Ingram Content Group UK Limited. This covered any knowledge or evidence of actual and potential fraud, litigation and claims, which was followed up with corroborative audit review work. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the company’s ability to continue trading and the risk of material misstatement to the accounts. Based on our understanding of the group and industry, we identified that the principal risks of non-compliance with laws and regulations relating to breaches around health and safety regulations. We considered the extent to which non-compliance with these laws and regulations may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as The Companies Act 2006 and relevant tax legislation.
We also discussed with management to what extent the business is exposed to fraud – either inherently because of nature of operations, assets or because of weaknesses in internal controls. From these discussions we have evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements. The key incentive identified is to meet the targets agreed with the group and we determined that the principal risks were related to the overstatement of profit, either through overstating revenue, understating expenditure or management bias in accounting estimates.
Based on this understanding we designed our audit procedures to identify non-compliance with relevant laws and regulations. Our procedures involved the following:
• Enquiries of management regarding their knowledge of any non compliance with laws and regulations that could affect the financial statements. As part of these enquiries we also discussed with management whether there have been any known instances of fraud, of which there were none.
• Reviewed legal and professional costs to identify any possible non compliance or legal costs in respect of non compliance.
In response to the identified risk, as part of our audit work we:
• Audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
• Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates.
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. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Ingram Content Group UK Limited
Independent Auditor's Report to the Members of Ingram Content Group UK Limited
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.
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Towngate House
2-8 Parkstone Road
Dorset
BH15 2PW
Ingram Content Group UK Limited
Statement of Income and Retained Earnings
Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
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Other operating income/(loss) |
( |
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Operating profit |
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Other interest receivable and similar income |
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127,328 |
163,782 |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Retained earnings brought forward |
9,426,056 |
7,889,243 |
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Retained earnings carried forward |
9,922,575 |
9,426,056 |
The above results were derived from continuing operations.
Ingram Content Group UK Limited
Balance Sheet
31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved and authorised by the
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Company Registration Number: 04042196
Ingram Content Group UK Limited
Statement of Changes in Equity
Year Ended 31 December 2025
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Share capital |
Other reserves |
Profit and loss account |
Total |
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At 1 January 2025 |
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Profit for the year |
- |
- |
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At 31 December 2025 |
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Share capital |
Other reserves |
Profit and loss account |
Total |
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At 1 January 2024 |
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Profit for the year |
- |
- |
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At 31 December 2024 |
1,000 |
8,416,124 |
9,426,056 |
17,843,180 |
Ingram Content Group UK Limited
Statement of Cash Flows
Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Profit on disposal of tangible assets |
- |
( |
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Loss on disposal of intangible assets |
- |
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Finance income |
( |
( |
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Corporation tax |
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Working capital adjustments |
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Increase in stocks |
( |
( |
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Increase in trade debtors |
( |
( |
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Increase in trade creditors |
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Cash generated from operations |
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Corporation tax paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of fixed assets |
- |
40,700 |
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Net cash flows from investing activities |
( |
( |
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Net (decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at 1 January |
(1,259,200) |
(1,661,522) |
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Cash and cash equivalents at 31 December |
(1,928,469) |
(1,259,200) |
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Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in the UK.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The presentation currency of these financial statements is in Sterling, rounded to the nearest whole pound.
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.
Name of parent of group
These financial statements are consolidated in the financial statements of Ingram Industries Inc. As Ingram Industries Inc. is a privately owned company in the United States, their financial results are not made publicly available.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Turnover from the sale of goods is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services, such as initial set-up fees and access fees, are initially deferred and included within creditors. These amounts are then amortised over three years.
Turnover also comprises the fair value of the commission received or receivable for the distribution of books and is recognised upon dispatch of the goods ordered. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Foreign currency transactions and balances
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 corporation 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 on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.
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:
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Asset class |
Depreciation method and rate |
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Plant and equipment |
3 to 10 years straight line |
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Fixtures and fittings |
3 to 10 years straight line |
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Freehold buildings |
35 years straight line |
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Freehold land |
Not depreciated |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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.
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Changes to FRS 102 in future periods
The Financial Reporting Council has published changes to FRS 102 which will take effect in next year's financial statements. The main rule changes are to revenue and leases.
There is no requirement to restate figures from previous years, so we do not expect any changes to the figures we report here for the year to 31st December 2025 or any earlier periods.
The main impact on figures for the year to 31st December 2026 is that our main leases, in particular for the office and warehouse we rent, will be brought onto the balance sheet - increasing both Tangible Fixed Assets and Lease Liabilities from 1st January 2026 onwards. Payments on these leases after 1st January 2026 will be classified as depreciation or interest payable.
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Revenue |
The analysis of the company's Turnover for the year by market is as follows:
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2025 |
2024 |
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UK |
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Europe |
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Rest of world |
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Commissions received |
4,800,400 |
4,917,490 |
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Other operating income/(loss) |
The analysis of the company's other operating income/(loss) for the year is as follows:
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2025 |
2024 |
|
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Miscellaneous other operating income/(loss) |
( |
( |
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Foreign currency gains/(losses) |
(568,083) |
173,476 |
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Profit/(loss) on disposal of tangible fixed assets |
- |
31,435 |
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Profit/(loss) on disposal of intangible fixed assets |
7,057 |
(7,057) |
|
( |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
|
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Depreciation expense |
|
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Research and development cost |
|
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Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Health insurance |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
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Production |
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Administration and support |
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Sales, marketing and distribution |
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|
|
|
|
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
- |
|
674,645 |
460,854 |
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Total |
|
|
|
Auditor's remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Other interest receivable |
|
|
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
- |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Double taxation relief |
- |
( |
|
Current tax expense relating to Pillar Two income tax |
- |
- |
|
Tax decrease arising from foreign tax expensed under s112 TIOPA 2010 |
( |
- |
|
Other tax effects for reconciliation between accounting profit and tax expense (income) |
( |
( |
|
Total tax charge |
|
|
At Spring Budget 2021, the government announced an increase in the Corporation Tax main rate from 19% to 25% for companies with profits over £250,000 together with the introduction of a small profits rate of 19% with effect from 1 April 2023. The small profits rate applies to companies with profits of not more than £50,000, with marginal relief available for profits up to £250,000.
Pillar Two legislation
The group is within the scope of the OECD Pillar Two model rules. Pillar Two legislation was enacted in the United Kingdom, the jurisdiction in which the company is incorporated, effective 1st January 2024. The group has applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to FRS 102. The group has no current tax expense related to the OECD Pillar Two income taxes.
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Tangible assets |
|
Assets under construction |
Land and buildings |
Furniture, fittings and equipment |
Plant and Machinery |
Total |
|
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Additions |
|
- |
|
|
|
|
Disposals |
- |
- |
( |
( |
( |
|
Transfers |
( |
- |
- |
|
- |
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
- |
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
- |
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Included within the net book value of land and buildings above is £5,227,723 (2024 - £5,336,914) in respect of freehold land and buildings and £177,142 (2024 - £177,142) in respect of long leasehold land and buildings.
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
|
Work in progress |
|
|
|
Other inventories |
|
|
|
|
|
|
Debtors |
|
Note |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued income |
|
|
|
|
Income tax asset |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
- |
|
|
Bank overdrafts |
( |
( |
|
Cash and cash equivalents in statement of cash flows |
(1,928,469) |
(1,259,200) |
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accruals |
|
|
|
|
|
|
|
Loans and borrowings |
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank overdrafts |
|
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
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Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £1 each |
1,000 |
1,000 |
1,000 |
1,000 |
|
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
|
|
Included within Other Reserves is £7,200,000 (2024 - £7,200,000) relating to a non-interest bearing, non-refundable gratuitous advance from shareholders, and £1,216,124 (2024 - £1,216,124) relating to the waiver of a debt owed to a company owned by the same ultimate parent company.
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Related party transactions |
During the year, the company had the following transactions with its immediate parent undertaking, Lightning Source LLC:
|
2025 |
2024 |
||
|
£ |
£ |
||
|
(Sales) / Purchases of goods and services in the ordinary course of business |
(1,107,284) |
(548,895) |
|
|
Re-imbursement of disbursements by Lightning Source LLC. on behalf of the company |
17,675 |
17,288 |
|
|
Net cash advances (repayments) by the company |
(6,561,249) |
(6,135,145) |
|
|
Management charges from Lightning Source LLC principally in respect of provision of systems support |
5,696,135 |
4,422,057 |
|
|
Royalties |
296,447 |
271,790 |
|
|
Interest receivable on inter-company balance |
(11,149) |
(6,629) |
The balance due from Lightning Source LLC at 31st December 2025 was £5,883,530 (2024 - £4,228,109). All transactions with the parent company are undertaken in US dollars and the balances are entirely repayable in US dollars.
In addition, various amounts of expenditure have been recharged to and from Lightning Source LLC.
Other related party transactions
The total remuneration for key management personnel for the period totalled £1,828,016 (2024 - £1,316,637), being within the remuneration disclosed in note 6 of £14,195,047 (2024 - £12,232,892).
During the year, the company provided goods and services of £1,784,268 (2024 - £1,893,029) to Ingram Publisher Services LLC, a company registered in the USA and owned by the same ultimate parent company. In addition, various expenditures have been recharged to and from Ingram Publisher Services LLC. The balance due from Ingram Publisher Services LLC at 31st December 2025 was £13,572 (2024 - £16,830).
During the year, the company received goods and services of £1,675,495 (2024 - £1,637,239) from Ingram Book Group LLC, a company registered in the USA and owned by the same ultimate parent company. In addition, various expenditures have been recharged to and from Ingram Book Group LLC. The balance due from Ingram Book Group LLC at 31st December 2025 was £2,636,724 (2024 - £4,304,924). All transactions are undertaken in US dollars and the balances are entirely repayable in US dollars. During the year, the interest receivable was £116,180 (2024 - £154,290).
Ingram Content Group UK Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Analysis of changes in net debt |
|
At 1 January 2025 |
Financing cash flows |
At 31 December 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
538 |
(538) |
- |
|
Overdrafts |
(1,259,738) |
(668,731) |
(1,928,469) |
|
(1,259,200) |
(669,269) |
(1,928,469) |
|
|
|
|||
|
Parent and ultimate parent undertaking |
The immediate parent undertaking is Lightning Source LLC which is a company incorporated in the United States.
The ultimate parent undertaking and controlling party is Ingram Industries Inc. a company incorporated in the United States.
Ingram Industries Inc. is the parent undertaking of the largest (and smallest) group of undertakings to consolidate these financial statements at 31st December 2025.
As Ingram Industries Inc. is a privately owned company in the United States, their financial statements are not made publicly available.