Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-302023-12-30truefalse2022-12-31falseThe principal activities of the company throughout the period were that of designers, artists and illustrators, press and publicity experts and agents, and advertising agents, specialists and consultants.4043trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00519609 2022-12-31 2023-12-30 00519609 2021-12-31 2022-12-30 00519609 2023-12-30 00519609 2022-12-30 00519609 c:Director5 2022-12-31 2023-12-30 00519609 d:OfficeEquipment 2022-12-31 2023-12-30 00519609 d:OfficeEquipment 2023-12-30 00519609 d:OfficeEquipment 2022-12-30 00519609 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-31 2023-12-30 00519609 d:CurrentFinancialInstruments 2023-12-30 00519609 d:CurrentFinancialInstruments 2022-12-30 00519609 d:Non-currentFinancialInstruments 2023-12-30 00519609 d:Non-currentFinancialInstruments 2022-12-30 00519609 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 00519609 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 00519609 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 00519609 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-30 00519609 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-30 00519609 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-30 00519609 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-30 00519609 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-30 00519609 d:ShareCapital 2023-12-30 00519609 d:ShareCapital 2022-12-30 00519609 d:CapitalRedemptionReserve 2023-12-30 00519609 d:CapitalRedemptionReserve 2022-12-30 00519609 d:RetainedEarningsAccumulatedLosses 2023-12-30 00519609 d:RetainedEarningsAccumulatedLosses 2022-12-30 00519609 c:FRS102 2022-12-31 2023-12-30 00519609 c:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 00519609 c:FullAccounts 2022-12-31 2023-12-30 00519609 c:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 00519609 d:WithinOneYear 2023-12-30 00519609 d:WithinOneYear 2022-12-30 00519609 d:BetweenOneFiveYears 2023-12-30 00519609 d:BetweenOneFiveYears 2022-12-30 00519609 d:MoreThanFiveYears 2023-12-30 00519609 d:MoreThanFiveYears 2022-12-30 00519609 e:PoundSterling 2022-12-31 2023-12-30 iso4217:GBP xbrli:pure

Registered number: 00519609










TDG BRAND COMMUNICATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2023

 
TDG BRAND COMMUNICATIONS LIMITED
REGISTERED NUMBER: 00519609

BALANCE SHEET
AS AT 30 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
31,015
39,491

  
31,015
39,491

Current assets
  

Debtors: amounts falling due within one year
 6 
1,476,930
1,457,068

Cash at bank and in hand
 7 
31,368
3,814

  
1,508,298
1,460,882

Creditors: amounts falling due within one year
 8 
(996,133)
(724,360)

Net current assets
  
 
 
512,165
 
 
736,522

Total assets less current liabilities
  
543,180
776,013

Creditors: amounts falling due after more than one year
 9 
(306,299)
(393,394)

  

Net assets
  
236,881
382,619


Capital and reserves
  

Called up share capital 
  
14,000
14,000

Capital redemption reserve
  
33
33

Profit and loss account
  
222,848
368,586

  
236,881
382,619


Page 1

 
TDG BRAND COMMUNICATIONS LIMITED
REGISTERED NUMBER: 00519609
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2024.




................................................
J C Chater
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1.


General information

TDG Brand Communications Limited is a private Company limited by shares, registered in England and Wales, registered number 00519609. The Company's registered office and principal place of business is Mill House, Haddricks Mill Road, Newcastle upon Tyne, NE3 1QL. The Company's principal activities are those of designers, artists and illustrators, press and publicity experts and advertising agents, specialists and consultants.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in GBP rounded to the nearest whole £.  

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company relies on its bank and other loan providers for its day-to-day working capital requirements.  The directors have satisfied themselves that the Company will continue to be in a position to service its debt to loan providers and its other commitments for at least the twelve months following the date these financial statements were approved by them.  Accordingly the directors are satisfied that these financial statements are properly prepared using the going concern basis of accounting.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period of the revision and future periods where the revision affects both current and future periods.
A critical judgement has been made as to the outcome of a First Tier Tax Tribunal case relating to an HMRC inquiry into a specific point of the company's tax affairs in respect of prior years.  In the opinion of the directors and on the advice of the company's legal advisors, no provision has been made in respect of the outcome of the case, though it has been disclosed as a contingent liability in Note 11 below.
Key sources of estimation uncertainty
Revenue recognition - accrued income
The value of accrued income is derived from estimations and assumptions around the fair value of unbilled work in progress at the period end, having regard to the company's accounting policy for revenue recognition.  The amount of accrued income recognised at the year end is £221,018 and is included in Prepayments and accrued income in Note 6 below.


4.


Employees

The average monthly number of employees, including directors, during the year was 40 (2022 - 43).

Page 6

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 31 December 2022
180,270


Additions
2,583


Disposals
(2,209)



At 30 December 2023

180,644



Depreciation


At 31 December 2022
140,779


Charge for the year on owned assets
10,338


Disposals
(1,488)



At 30 December 2023

149,629



Net book value



At 30 December 2023
31,015



At 30 December 2022
39,491


6.


Debtors

2023
2022
£
£


Trade debtors
715,405
713,512

Amounts owed by group undertakings
337,211
337,212

Other debtors
154,016
211,472

Prepayments and accrued income
260,553
186,705

Deferred taxation
9,745
8,167

1,476,930
1,457,068


Page 7

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
31,368
3,814

31,368
3,814



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
86,514
78,703

Trade creditors
158,005
101,818

Corporation tax
62,794
83,093

Other taxation and social security
98,328
107,138

Other creditors
520,396
306,770

Accruals and deferred income
70,096
46,838

996,133
724,360


The Company's bank holds a debenture on the bank's standard form over the Company's assets. There are no facilities in place or liabilities outstanding which are secured by this debenture.
Other loans are secured by debentures over intellectual property, client databases and the assets and undertakings of the Company. The amount outstanding and due within one year under this security at the year end is £86,514 (2022 - £78,703).
Invoice financing proceeds in other creditors are secured on the book debts to which they relate. The amount outstanding under this security at the year end is £315,524 (2022 - £Nil).


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
304,555
391,069

Accruals and deferred income
1,744
2,325

306,299
393,394


Other loans are secured by debentures over intellectual property, client databases and the assets and undertakings of the Company. The amount outstanding and due in more than one year under this security at the balance sheet date is £304,555 (2022 - £391,069).

Page 8

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
86,514
78,703


86,514
78,703

Amounts falling due 1-2 years

Other loans
95,100
86,514


95,100
86,514

Amounts falling due 2-5 years

Other loans
209,455
304,555


209,455
304,555


391,069
469,772



11.


Contingent liabilities

In common with a number of companies and as a result of a thematic review, which has yet to be concluded, there is an open HMRC inquiry into a specific point of the company's tax affairs in respect of prior years. The matter is currently the subject of a First Tier Tribunal appeal, and, based on professional advice, the directors are confident that the Company will not have a liability arising from this inquiry. Should the matter be decided against the Company, the eventual liability including interest could be circa £436,000. 
The directors have not provided for this amount in these accounts on the basis that the advice from the company’s legal advisors is that the likelihood of this becoming due is remote. 
The directors are not in a position to disclose further information that could prejudice the appeal process.


12.


Pension commitments

The Company operates several defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the various funds and amounted to £111,442 (2022 -  £163,411).

Page 9

 
TDG BRAND COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

13.


Commitments under operating leases

At 30 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
47,197
40,000

Later than 1 year and not later than 5 years
168,396
160,000

Later than 5 years
90,000
130,000

305,593
330,000


14.


Transactions with directors

Included within other debtors due within one year are loans to the following directors:
J Hall - £21,488 (2022 - £47,117)
A Quinn - £31,413 (2022 - £52,364)
G Marshall - £86,085 (2022 - £84,644)
The maximum balances due in the year were as follows:
J Hall - £52,831 (2022 - £55,478)
A Quinn - £84,197 (2022 - £77,393)
G Marshall - £130,627 (2022 - £97,407)
The loans are interest free and repayable on demand. 


15.


Related party transactions

The Company rents offices from The Design Group Pension Scheme, a scheme of which A Quinn, G Marshall and J Hall are members and trustees. 
The rent charged under this arrangement during the period was £40,000 (2022 - £40,000). At the year end £24,000 (2022 - £12,000) was owed to the pension scheme.  
The Company also has a loan from the pension scheme, at the year end £391,069 (2022 - £469,771) was owed to the scheme. Interest is charged at 9.5% per annum.


16.


Controlling party

The ultimate parent Company is TDG Holdings Limited, which owns the Company's entire issued share capital. There is no ultimate controlling party.
Page 10