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Registration number: 05973043

IMC (UK) Learning Ltd Financial Statements for the Year Ended 31 December 2025
Brebners Chartered Accountants & Statutory Auditor 1 Suffolk Way Sevenoaks Kent TN13 1YL

IMC (UK) Learning Ltd

Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 19,812 | 20,536
Current assets |  |  |
Stocks | 6 | 58,475 | 13,046
Debtors | 7 | 1,439,225 | 917,490
Cash at bank and in hand |  | 809,804 | 374,939
|  | 2,307,504 | 1,305,475
Creditors: Amounts falling due within one year | 8 | (2,428,488) | (1,617,325)
Net current liabilities |  | (120,984) | (311,850)
Net liabilities |  | (101,172) | (291,314)
Capital and reserves |  |  |
Called up share capital |  | 7,500 | 7,500
Retained earnings |  | (108,672) | (298,814)
Shareholders' deficit |  | (101,172) | (291,314)

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

The directors of IMC (UK) Learning Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 10 August 2026 and signed on its behalf by:

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

R Donders

Director

Company registration number: 05973043

IMC (UK) Learning Ltd

Notes to the 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:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of e-learning & management solutions.

2 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 11 August 2026 was Martin Widdowson, who signed for and on behalf of Brebners.

3 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

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

Summary of significant accounting policies

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

Going concern

The company made a profit for the year ended 31 December 2025 but the statement of financial position showed a deficiency of assets amounting to £101,172 at that date.
The company has no formal bank facilities and working capital is provided by various group undertakings. The parent undertaking has confirmed that the group that it will continue to support the company in the forthcoming period with additional working capital if required. At 31 December 2025 a net amount of £384,621 was due to the group, which has confirmed that it will not call for repayment until such time as the company has sufficient working capital.
The directors have prepared forecasts which show that the company has sufficient working capital. The directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing its financial statements.

IMC (UK) Learning Ltd

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

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 based upon the contracted stage of completion once it is probable future economic benefit will flow and the amounts involved can be reliably measured.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge 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.

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
Furniture, fittings and equipment | 3-10 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.

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 inventories 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.

IMC (UK) Learning Ltd

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

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

4 | Staff numbers

The average number of persons employed by the company during the year was 15 (2024 - 15).

5 | Tangible assets

| Furniture, fittings and equipment £
Cost or valuation
At 1 January 2025 | 49,156
Additions | 8,522
At 31 December 2025 | 57,678
Depreciation
At 1 January 2025 | 28,620
Charge for the year | 9,246
At 31 December 2025 | 37,866
Carrying amount
At 31 December 2025 | 19,812
At 31 December 2024 | 20,536

IMC (UK) Learning Ltd

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

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 58,475 | 13,046

7 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 1,196,345 | 763,593
Amounts owed by group undertakings | 10 | 153,007 | 108,789
Other debtors |  | 89,873 | 45,108
|  | 1,439,225 | 917,490

Other debtors includes an amount of £16,200 (2024: £16,200) recoverable in greater than 12 months.

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 25,121 | 9,431
Amounts owed to group undertakings | 537,628 | 250,308
Taxation and social security | 108,886 | 73,171
Other creditors | 1,756,853 | 1,284,415
| 2,428,488 | 1,617,325

9 | Financial commitments, guarantees and contingencies

Operating leases

The total amount of financial commitments under non-cancellable operating leases not included in the statement of financial position is £108,000 (2024 - £162,000).

10 | Related party transactions

Exemption has been taken under FRS 102 paragraph 1AC.35 not to disclose transactions or amounts due with companies which are wholly owned within the group.

IMC (UK) Learning Ltd

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

11 | Parent and ultimate parent undertaking

The smallest group preparing group accounts including the results of IMC (UK) Learning Limited is headed by Information Multimedia Communications AG, incorporated in Germany, whose registered office is Scheer Tower, Uni-Campus Nord, 66123 Saarbrucken, Germany.