Notes to the Financial Statements for the year ended 30 September 2025
1 Material accounting policies Basis of preparation
NCC Group plc (the “Company”) is a public company incorporated in the UK, with its registered office at XYZ Building, 2 Hardman Boulevard, Spinningfields, Manchester M3 3AQ. The Group Financial Statements consolidate those of the Company and its subsidiaries (together referred to as the “Group”). NCC Group plc is a listed public company, limited by shares, and the Company registration number is 04627044. The principal activity of the Group is the provision of independent advice and services to customers through the supply of Cyber Security and Escode services. The Parent Company Financial Statements present information about the Company as a separate entity and not about the Group. These Financial Statements have been approved for issue by the Board of Directors on 11 December 2025. The Group Financial Statements have been prepared and approved by the Directors in accordance with UK-adopted International Accounting Standards (UK-adopted IFRS) and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards. The Parent Company Financial Statements have been prepared in accordance with FRS 101 ‘Reduced Disclosure Framework’ (FRS 101), under the historical cost convention, and in accordance with the Companies Act 2006 and other applicable law. The Company transitioned from UK-adopted International Financial Reporting Standards to FRS 101 in the prior period. The impact of this transition on the net assets of the Parent Company was £nil, as disclosed in the prior period Financial Statements. As permitted by FRS 101, the Parent Company has taken advantage of the disclosure exemptions available under that standard in relation to standards not yet effective and presentation of a cash flow statement. The accounting policies adopted for the Parent Company are otherwise consistent with those used for the Group as set out within this note. The Company has also taken advantage of the following disclosure exemptions under FRS 101: • The requirements of paragraphs 91–99 of IFRS 13 ‘Fair Value Measurement’ • The requirements of IFRS 7 ‘Financial Instruments: Disclosure’ • The requirements of 45(b) and 46–52 of IFRS 2 ‘Share-based Payment’ • The requirements in IAS 24 ‘Related Party Disclosures’ to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member On publishing the Parent Company Financial Statements here together with the Group Financial Statements, the Company is also taking advantage of the exemption in section 408 of the Companies Act 2006 not to present its individual Income Statement and related notes that form a part of these approved Financial Statements. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these Financial Statements. Climate change The Directors have reviewed the potential impact of climate change and the Task Force on Climate-related Financial Disclosures (TCFD) on the consolidated Financial Statements. During the year, the Group has reviewed its materiality assessment to identify which environmental, social and governance issues are most material and significant to the NCC Group business and stakeholders to aid our commitment to achieving net zero by 2050. Our overall exposure to physical and transitional climate change is considered low in the short to medium term due to the nature of the business and cyber assurance industry. The Group continues to evolve its sustainability agenda with further details on its short, medium, medium to long and long-term goals contained within the Non-Financial and Sustainability Information Statement on page 18 of the Annual Report. The Directors have considered climate change in the following areas of the consolidated Financial Statements (including critical accounting judgements and key sources of estimation uncertainty), noting no material financial impact in each area: • Going concern assessment • Property, plant and equipment – economic life and residual values • Impairment of assets (including right-of-use assets) – the impact of environmental change on growth rates and projected cash flows • Provisions – recognition of new liabilities or contingent liabilities arising from climate change and the Group physical and transition risks of: • Greenhouse gas emissions – increased costs associated with more taxes and levies • Move to net zero – increased costs required to lower emissions • Margin risk – impact on delivery day rates and associated erosion of profit margin due to increased costs • Reputational risk – failure to comply with regulations resulting in negative impact on the Group • Supply chain – increased supply costs and delayed deliveries impacting customer contracts/provision of services • Extreme weather or rising sea levels – reduction in revenue and increased costs • Fair value measurement – climate change variables being incorporated into market participant valuations • Financial instruments – expected credit losses and risk of default on Group borrowings (RCF and term loan) New and amended accounting standards that have been issued and are effective from 1 January 2025 At the date of authorisation of these Financial Statements, the following new accounting pronouncements have been issued and are effective from 1 January 2025: • Amendments to IAS 21 ‘The Effects of Changes in Foreign Exchange Rates’, issued in August 2023 and effective from 1 January 2025 These IFRSs are not expected to have a material impact on the Group’s consolidated or the Company’s financial position or performance.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 110
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