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REGISTERED NUMBER: 09200890 (England and Wales)















TMG CREATIVE LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 8


TMG CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J D Gordon
A R J Matthews





REGISTERED OFFICE: 5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT





REGISTERED NUMBER: 09200890 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of media consultants and video production.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

J D Gordon
A R J Matthews

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J D Gordon - Director


13 March 2024

TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 OCTOBER 2023

2023 2022
£    £   

TURNOVER 2,907,458 1,818,255

Cost of sales 1,542,210 830,570
GROSS PROFIT 1,365,248 987,685

Administrative expenses 1,083,383 743,888
281,865 243,797

Other operating income 683 14,373
OPERATING PROFIT 282,548 258,170

Interest receivable and similar income 5,953 267
288,501 258,437

Interest payable and similar expenses 2,062 2,767
PROFIT BEFORE TAXATION 286,439 255,670

Tax on profit 68,267 48,926
PROFIT FOR THE FINANCIAL YEAR 218,172 206,744

Retained earnings at beginning of year 138,796 104,052

Dividends (100,000 ) (172,000 )

RETAINED EARNINGS AT END OF YEAR 256,968 138,796

TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,720 9,440
Tangible assets 5 92,418 41,727
Investments 6 50 50
97,188 51,217

CURRENT ASSETS
Debtors 7 254,297 293,661
Cash at bank 636,738 561,376
891,035 855,037
CREDITORS
Amounts falling due within one year 8 693,436 686,789
NET CURRENT ASSETS 197,599 168,248
TOTAL ASSETS LESS CURRENT LIABILITIES 294,787 219,465

CREDITORS
Amounts falling due after more than one year 9 - (50,550 )

PROVISIONS FOR LIABILITIES (16,746 ) (9,046 )
NET ASSETS 278,041 159,869

CAPITAL AND RESERVES
Called up share capital 10 1,341 1,341
Share premium 19,732 19,732
Retained earnings 256,968 138,796
SHAREHOLDERS' FUNDS 278,041 159,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




J D Gordon - Director



A R J Matthews - Director


TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

TMG Creative 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 35,218
AMORTISATION
At 1 November 2022 25,778
Charge for year 4,720
At 31 October 2023 30,498
NET BOOK VALUE
At 31 October 2023 4,720
At 31 October 2022 9,440

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 15,074 134,685 149,759
Additions 50,302 45,535 95,837
At 31 October 2023 65,376 180,220 245,596
DEPRECIATION
At 1 November 2022 11,307 96,725 108,032
Charge for year 16,344 28,802 45,146
At 31 October 2023 27,651 125,527 153,178
NET BOOK VALUE
At 31 October 2023 37,725 54,693 92,418
At 31 October 2022 3,767 37,960 41,727

TMG CREATIVE LIMITED (REGISTERED NUMBER: 09200890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 50
NET BOOK VALUE
At 31 October 2023 50
At 31 October 2022 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 196,786 272,168
Other debtors 57,511 21,493
254,297 293,661

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,233 20,000
Trade creditors 116,450 167,522
Amounts owed to group undertakings 79,110 73,960
Taxation and social security 107,207 119,493
Other creditors 370,436 305,814
693,436 686,789

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 50,550

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,547 Ordinary A £0.01 1,006 1,073
33,516 Ordinary B £0.01 335 268
1,341 1,341