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REGISTERED NUMBER: 06615702 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CORMACK ADVERTISING LIMITED

CORMACK ADVERTISING LIMITED (REGISTERED NUMBER: 06615702)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORMACK ADVERTISING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D.E.M. Cormack





REGISTERED OFFICE: 4th Floor, Charles House
108-110 Finchley Road
London
London
NW3 5JJ





REGISTERED NUMBER: 06615702 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
London
NW3 5JJ

CORMACK ADVERTISING LIMITED (REGISTERED NUMBER: 06615702)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,872 22,793

CURRENT ASSETS
Debtors 5 461,090 498,060
Cash at bank and in hand 89,101 190,010
550,191 688,070
CREDITORS
Amounts falling due within one year 6 225,616 301,170
NET CURRENT ASSETS 324,575 386,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,447

409,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 340,347 409,593
340,447 409,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 September 2024 and were signed by:





D.E.M. Cormack - Director


CORMACK ADVERTISING LIMITED (REGISTERED NUMBER: 06615702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cormack Advertising 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 (£) and rounded to the nearest £.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 19 (2023 - 13 ) .

CORMACK ADVERTISING LIMITED (REGISTERED NUMBER: 06615702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 31,394 69,619 101,013
Additions 2,595 7,840 10,435
At 31 March 2024 33,989 77,459 111,448
DEPRECIATION
At 1 April 2023 23,713 54,507 78,220
Charge for year 5,102 12,254 17,356
At 31 March 2024 28,815 66,761 95,576
NET BOOK VALUE
At 31 March 2024 5,174 10,698 15,872
At 31 March 2023 7,681 15,112 22,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 438,393 477,917
Other debtors 22,697 20,143
461,090 498,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 78,331 135,756
Taxation and social security 111,700 133,852
Other creditors 35,585 31,562
225,616 301,170

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D.E.M. Cormack
Balance outstanding at start of year (6,672 ) (116 )
Amounts advanced 1,874 74,718
Amounts repaid - (81,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,798 ) (6,672 )