REGISTERED NUMBER: 02882089 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

IN-COMM TRAINING AND BUSINESS SERVICES

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R A Morgan

G J Jones

A Jones

R E Crozier

SECRETARY:

R A Morgan

REGISTERED OFFICE:

12 Vigo Place

Aldridge

Walsall

West Midlands

WS9 8UG

REGISTERED NUMBER:

02882089 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Fletcher BSc ACA

AUDITORS:

Crombies Accountants Limited

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

245,110

198,132

Investments

5

409,148

31,042

654,258

229,174

CURRENT ASSETS

Debtors

6

785,828

769,092

Cash at bank and in hand

90,972

284,736

876,800

1,053,828

CREDITORS

Amounts falling due within one year

7

901,048

767,666

NET CURRENT (LIABILITIES)/ASSETS

(24,248

)

286,162

TOTAL ASSETS LESS CURRENT LIABILITIES

630,010

515,336

CREDITORS

Amounts falling due after more than one year

8

(60,197

)

(12,610

)

PROVISIONS FOR LIABILITIES

11

(96,000

)

(30,000

)

NET ASSETS

473,813

472,726

CAPITAL AND RESERVES

Called up share capital

300

400

Capital redemption reserve

100

-

Other reserves

25,000

50,000

Retained earnings

448,413

422,326

473,813

472,726

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

R A Morgan - Director

1.	STATUTORY INFORMATION

In-Comm Training and Business Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on reducing balance

Taking precedent over the above rates are where tangible fixed assets that have been funded by way of a government grant. These assets are depreciated over their estimated useful life which ranges from 4-10 years. Associated grant income is deferred and released over the same period of depreciation.

Government grants

Government grants received in relation to capital expenditure are recognised as deferred income and are amortised over the useful life of the related assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Other investments

Other investments are measured at fair value at each reporting date, with changes recognised in profit or loss. Fair value is based on quoted market prices.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase leases are capitalised as tangible fixed assets, with a corresponding liability recognised within creditors. Assets are depreciated over the shorter of the lease term and their useful economic lives. Finance charges are recognised in profit or loss over the term of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities

Provision is made for dilapidations where the company has an obligation to restore leased premises. The provision is measured at the best estimate of the expenditure required at the reporting date. Movements are recognised in profit or loss.

Going concern

The company has cash resources. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2025 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost or valuation

At 1 April 2025

151,951

1,319,875

193,570

Additions

-

3,129

3,426

At 31 March 2026

151,951

1,323,004

196,996

Depreciation

At 1 April 2025

151,951

1,189,303

170,086

Charge for year

-

32,877

5,964

At 31 March 2026

151,951

1,222,180

176,050

Net book value

At 31 March 2026

-

100,824

20,946

At 31 March 2025

-

130,572

23,484

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost or valuation

At 1 April 2025

-

238,550

1,903,946

Additions

74,013

35,786

116,354

At 31 March 2026

74,013

274,336

2,020,300

Depreciation

At 1 April 2025

-

194,474

1,705,814

Charge for year

10,794

19,741

69,376

At 31 March 2026

10,794

214,215

1,775,190

Net book value

At 31 March 2026

63,219

60,121

245,110

At 31 March 2025

-

44,076

198,132

Included within tangible fixed assets are assets held under hire purchase agreements with a net book value of £59,175 (2025:Nil).

Cost or valuation at 31 March 2026 is represented by:

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2023

-

100,000

-

Cost

151,951

1,223,004

196,996

151,951

1,323,004

196,996

Motor

Office

vehicles

equipment

Totals

£

£

£

Valuation in 2023

-

-

100,000

Cost

74,013

274,336

1,920,300

74,013

274,336

2,020,300

5.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

Unlisted

undertakings

investments

investments

Totals

£

£

£

£

Cost or valuation

At 1 April 2025

102

-

30,940

31,042

Additions

252,230

144,220

-

396,450

Disposals

-

-

(30,940

)

(30,940

)

Revaluations

-

12,596

-

12,596

At 31 March 2026

252,332

156,816

-

409,148

Net book value

At 31 March 2026

252,332

156,816

-

409,148

At 31 March 2025

102

-

30,940

31,042

Cost or valuation at 31 March 2026 is represented by:

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

Valuation in 2026

-

12,596

12,596

Cost

252,332

144,220

396,552

252,332

156,816

409,148

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

(Unaudited)

£

£

Trade debtors

92,458

77,206

Amounts owed by group undertakings

281,353

380,229

Other debtors

10,625

10,625

Prepayments and accrued income

401,392

301,032

785,828

769,092

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

(Unaudited)

£

£

Bank loans

6,655

40,002

Hire purchase contracts (see note 9)

6,135

-

Trade creditors

206,406

190,740

Amounts owed to group undertakings

49,535

73,746

Amounts owed to participating interests

9,192

40,003

Corporation tax

62,264

-

Social security and other taxes

88,003

88,397

VAT

38,680

27,269

Other creditors

355,262

141,651

Directors' loan accounts

57,309

126,327

Accrued expenses

21,607

39,531

901,048

767,666

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

(Unaudited)

£

£

Bank loans - 1-2 years

-

6,655

Hire purchase contracts (see note 9)

55,731

-

Government grants

4,466

5,955

60,197

12,610

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

(Unaudited

£

£

Net obligations repayable:

Within one year

6,135

-

Between one and five years

55,731

-

61,866

-

Non-cancellable

operating leases

2026

2025

(Unaudited)

£

£

Within one year

100,300

50,150

Between one and five years

87,763

71,046

188,063

121,196

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

(Unaudited)

£

£

Bank loans

6,655

-

Hire purchase contracts

61,866

-

68,521

-

The bank loan is secured by a fixed and floating charge over the assets of the Company. Hire purchase liabilities are secured against the individual assets financed under those agreements.

11.	PROVISIONS FOR LIABILITIES

2026

2025

(Unaudited)

£

£

Other provisions

Provision for dilapidations

96,000

30,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)

for and on behalf of Crombies Accountants Limited

13.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. £14,715 (2025: £9,410) was due to the pension scheme as at the balance sheet date and are included within other creditors.

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

As prescribed under FRS 102, Section 1A only material transactions that have not been concluded under normal market conditions are disclosed in these accounts, of which there are none.

15.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party of the group.