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REGISTERED NUMBER: 12333152 (England and Wales)
























REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MEDIA MARKETING COMPLIANCE LIMITED

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Consolidated Statement of Comprehensive Income 6

Consolidated Balance Sheet 7

Company Balance Sheet 8

Consolidated Statement of Changes in Equity 9

Company Statement of Changes in Equity 10

Notes to the Consolidated Financial Statements 11


MEDIA MARKETING COMPLIANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N Johnson
E J Sherrington





REGISTERED OFFICE: New Broad Street House
35 New Broad Street
London
EC2M 1NH





REGISTERED NUMBER: 12333152 (England and Wales)





AUDITORS: TC Group
1st Floor
Ocean Village Innovation Centre
Ocean Way
Southampton
Hampshire
SO14 3JZ

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of contract compliance auditing.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

N Johnson
E J Sherrington

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:





E J Sherrington - Director


10 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MEDIA MARKETING COMPLIANCE LIMITED


Opinion
We have audited the financial statements of Media Marketing Compliance Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MEDIA MARKETING COMPLIANCE LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MEDIA MARKETING COMPLIANCE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant so specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.

We assess the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Richard Gillespie FCCA (Senior Statutory Auditor)
for and on behalf of TC Group
1st Floor
Ocean Village Innovation Centre
Ocean Way
Southampton
Hampshire
SO14 3JZ

10 January 2025

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

CONSOLIDATED
STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 JUNE 2024

Period
1.1.22
Year ended to
30.6.24 30.6.23
Notes £    £   

TURNOVER 2,658,099 3,270,431

Cost of sales 508,287 515,118
GROSS PROFIT 2,149,812 2,755,313

Administrative expenses 1,512,050 1,865,355
637,762 889,958

Other operating income - 10,525
OPERATING PROFIT 4 637,762 900,483

Interest receivable and similar income 1 2
Interest payable and similar expenses (699 ) (2,054 )
PROFIT BEFORE TAXATION 637,064 898,431

Tax on profit 160,464 179,795
PROFIT FOR THE FINANCIAL YEAR 476,600 718,636

OTHER COMPREHENSIVE INCOME/(LOSS)
Currency translation differences 19,792 (39,351 )
Income tax relating to other
comprehensive income/(loss)

-

-
OTHER COMPREHENSIVE INCOME/(LOSS)
FOR THE YEAR, NET OF INCOME TAX

19,792

(39,351

)
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

496,392

679,285

Profit attributable to:
Owners of the parent 476,600 718,636

Total comprehensive income attributable to:
Owners of the parent 496,392 679,285

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

CONSOLIDATED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 41,870 -
Tangible assets 7 8,694 8,542
Investments 8 - -
50,564 8,542

CURRENT ASSETS
Debtors 9 1,293,874 937,913
Cash at bank 239,256 238,588
1,533,130 1,176,501
CREDITORS
Amounts falling due within one year 10 620,392 464,466
NET CURRENT ASSETS 912,738 712,035
TOTAL ASSETS LESS CURRENT LIABILITIES 963,302 720,577

CREDITORS
Amounts falling due after more than one
year

11

(12,216

)

(22,418

)

PROVISIONS FOR LIABILITIES (1,999 ) (1,705 )
NET ASSETS 949,087 696,454

CAPITAL AND RESERVES
Called up share capital 13 105 105
Other reserves (19,559 ) (39,351 )
Retained earnings 968,541 735,700
SHAREHOLDERS' FUNDS 949,087 696,454

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 10 January 2025 and were signed on its behalf by:





E J Sherrington - Director


MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

COMPANY BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 41,870 -
Tangible assets 7 7,284 6,821
Investments 8 100 100
49,254 6,921

CURRENT ASSETS
Debtors 9 1,258,490 1,107,993
Cash at bank 206,769 173,644
1,465,259 1,281,637
CREDITORS
Amounts falling due within one year 10 545,186 536,035
NET CURRENT ASSETS 920,073 745,602
TOTAL ASSETS LESS CURRENT LIABILITIES 969,327 752,523

CREDITORS
Amounts falling due after more than one
year

11

(12,216

)

(22,418

)

PROVISIONS FOR LIABILITIES (1,999 ) (1,705 )
NET ASSETS 955,112 728,400

CAPITAL AND RESERVES
Called up share capital 13 105 105
Retained earnings 955,007 728,295
SHAREHOLDERS' FUNDS 955,112 728,400

Company's profit for the financial year 470,471 711,220

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 10 January 2025 and were signed on its behalf by:





E J Sherrington - Director


MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 January 2022 105 417,064 - 417,169

Changes in equity
Profit for the period - 718,636 - 718,636
Other comprehensive income - - (39,351 ) (39,351 )
Total comprehensive income - 718,636 (39,351 ) 679,285
Dividends - (400,000 ) - (400,000 )
Balance at 30 June 2023 105 735,700 (39,351 ) 696,454

Changes in equity
Profit for the year - 476,600 - 476,600
Other comprehensive income - - 19,792 19,792
Total comprehensive income - 476,600 19,792 496,392
Dividends - (243,759 ) - (243,759 )
Balance at 30 June 2024 105 968,541 (19,559 ) 949,087

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 105 417,075 417,180

Changes in equity
Profit for the period - 711,220 711,220
Total comprehensive income - 711,220 711,220
Dividends - (400,000 ) (400,000 )
Balance at 30 June 2023 105 728,295 728,400

Changes in equity
Profit for the year - 470,471 470,471
Total comprehensive income - 470,471 470,471
Dividends - (243,759 ) (243,759 )
Balance at 30 June 2024 105 955,007 955,112

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Media Marketing Compliance 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 General 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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the company's accounting policies.

The Group's functional and presentational currency is GBP rounded to the nearest pound.

Basis of consolidation
The financial statements consolidate the accounts of the Parent Company and its subsidiary undertakings from the date control is obtained. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. All intra-group transactions, balances, income and expenses are eliminated on consolidation. Currency differences that arise on translation of those functional currencies of the group that are not GBP have been recognised in Other Comprehensive Income.

Parent company disclosures exemption
In preparing the separate financial statements of the parent company, advantage has been taken of the following disclosure exemptions available in FRS 102:
- Only one reconciliation of the number of shares outstanding at the beginning and end of the period has been presented as the reconciliations for the group and the parent company would be identical.

Going concern
As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover comprises the invoiced value of services supplied by the Group, exclusive of value added tax and trade discounts, together with work undertaken on revenue contracts in progress where the value can be reliably estimated or has been certified but not yet invoiced to customers at the balance sheet date.

Term contracts are assessed on a contract by contract basis and are reflected in the Statement of Comprehensive Income by recording turnover and related costs as contract activity progresses.
Where the outcome of each contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the Statement of Comprehensive Income as the difference between the reported turnover and related costs for that contract, with provisions being made for all foreseeable losses.

Where turnover is recognised by reference to stage of completion, completed but un-invoiced, work on contracts in progress is recorded as accrued income within debtors. The debtors recorded are net of any progress payments received from customers. Where amounts are received from customers in advance deferred revenue is recognised being the net un-invoiced, work on contracts in progress and amounts received from customers.

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.

Development costs are being amortised evenly over their 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.
Office equipment - 25% on 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.

Gain and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the statement of comprehensive income.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Fixed asset investments
Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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.


MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Financial instruments
Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1.1.22
Year ended to
30.6.24 30.6.23
£    £   
Other operating leases 33,774 41,647
Depreciation - owned assets 2,257 2,746
Development costs amortisation 938 -
Foreign exchange differences 8,902 (10,525 )

5. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Other
intangible
assets
£   
COST
Additions 42,808
At 30 June 2024 42,808
AMORTISATION
Charge for year 938
At 30 June 2024 938
NET BOOK VALUE
At 30 June 2024 41,870

During the year the software was still under development.

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. INTANGIBLE FIXED ASSETS - continued

Company
Other
intangible
assets
£   
COST
Additions 42,808
At 30 June 2024 42,808
AMORTISATION
Charge for year 938
At 30 June 2024 938
NET BOOK VALUE
At 30 June 2024 41,870

7. TANGIBLE FIXED ASSETS

Group
Office
equipment
£   
COST
At 1 July 2023 13,867
Additions 2,285
Exchange differences 124
At 30 June 2024 16,276
DEPRECIATION
At 1 July 2023 5,325
Charge for year 2,257
At 30 June 2024 7,582
NET BOOK VALUE
At 30 June 2024 8,694
At 30 June 2023 8,542

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. TANGIBLE FIXED ASSETS - continued

Company
Office
equipment
£   
COST
At 1 July 2023 12,146
Additions 2,250
At 30 June 2024 14,396
DEPRECIATION
At 1 July 2023 5,325
Charge for year 1,787
At 30 June 2024 7,112
NET BOOK VALUE
At 30 June 2024 7,284
At 30 June 2023 6,821

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Media Marketing Compliance Pty Ltd

Registered office: 247 Church Street, Parramatta,Sydney, Australia.
Nature of business: Contract Compliance Auditing
%
Class of shares: holding
Ordinary 100.00

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. FIXED ASSET INVESTMENTS - continued

Media Marketing Compliance LLC
Registered office: 1160 Battery St. EAST, Suite 100,San Francisco USA
Nature of business: Contract Compliance Auditing
%
Class of shares: holding
Ordinary 100.00


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 649,927 679,483 408,381 449,832
Amounts owed by group undertakings - - 369,673 469,563
Other debtors - 352 - 352
Accrued income 569,352 207,461 445,069 161,715
Prepayments 74,595 50,617 35,367 26,531
1,293,874 937,913 1,258,490 1,107,993

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts 10,774 10,528 10,202 9,950
Other loans 1,978 1,845 - -
Trade creditors 185,861 148,300 129,270 129,266
Amounts owed to group undertakings - - 50,404 130,325
Corporation tax 157,118 179,138 157,118 179,138
Social security and other taxes 98,528 61,907 83,211 51,156
Other creditors 5,378 62,748 711 36,200
Directors' current accounts 21,763 - - -
Deferred income 79,892 - 55,170 -
Accrued expenses 59,100 - 59,100 -
620,392 464,466 545,186 536,035

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans more than 1 year 12,216 22,418 12,216 22,418

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,644 21,521
Between one and five years 22,644 -
45,288 21,521

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,644 21,521
Between one and five years 22,644 -
45,288 21,521

Subsequent to the report date, the entity entered into a non-cancellable lease agreement on 1st July 2024 which has been reflected in the above figures.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £0.10 100 100
5 Preference £1 5 5
105 105

Ordinary and Preference shares rank pari passu. Consent from preference shareholders is required for the transfer, sale or disposal of any Ordinary shares. Each Preference share can be converted to a number of Ordinary shares as determined at inception.

14. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £28,232 (2023: £157,241). Contributions totalling £711 (2023: £46,940) were payable to the fund at the balance sheet date and are included in other creditors.

MEDIA MARKETING COMPLIANCE LIMITED (REGISTERED NUMBER: 12333152)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


15. 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.

During the year Marketing Compliance Associates Ltd, of which Mr S. Broderick is a director and shareholder, provided consultancy services to the company. The total value of the services provided was £148,219 (2023: £154,850) with an outstanding amount at the year end of £45,894 (2023: £Nil).

No disclosure relating to the key management personnel have been made due, to being remunerated at market rate.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Johnson.