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REGISTERED NUMBER: 02160991 (England and Wales)















TBWA\MCR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TBWA\MCR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Tinker
F A McCallum





REGISTERED OFFICE: 4th Floor
Canada House
3 Chepstow Street
Manchester
M1 5FW





REGISTERED NUMBER: 02160991 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 69,530 27,463

CURRENT ASSETS
Inventories 16,770 52,753
Debtors 5 2,062,631 917,037
Cash at bank and in hand 1,547,463 1,210,911
3,626,864 2,180,701
CREDITORS
Amounts falling due within one year 6 (3,144,989 ) (1,763,396 )
NET CURRENT ASSETS 481,875 417,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,405

444,768

CREDITORS
Amounts falling due after more than one
year

7

(81,250

)

(146,250

)
NET ASSETS 470,155 298,518

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 49,904 49,904
Retained earnings 420,151 248,514
SHAREHOLDERS' FUNDS 470,155 298,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





P Tinker - Director


TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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


1. STATUTORY INFORMATION

TBWA\MCR Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02160991. The registered office is 4th Floor, Canada House, 3 Chepstow Street, Manchester, M1 5FW.

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.

Going concern
The directors are satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Revenue
Revenue comprises fees and commission earned in respect of gross billings and direct costs, which meet the Companies Act definitions of revenue. Revenue is recognised when the services are performed, in accordance with the terms of arrangements reached with each client. Gross billings and revenue are stated exclusive of VAT, sales taxes and trade discounts.

Gross Billings
Gross billings are recognised when the service is performed, in accordance with the terms and conditions of the contractual arrangement and when collection is reasonably assured.

Gross billings comprises the gross amounts billed to client in respect of commission based income together with the total of other fees earned and amounts recharged to clients for rebillable costs.

Rebillable costs
Rebillable costs comprise media payments and third party production costs for those services that the company is arranging for its clients in its capacity as an intermediary. The company contracts directly with suppliers and is responsible for their payment, recharging its clients for all costs incurred. Although the company bears credit risk in respect of these activities, the arrangements with its clients are such that, in effect it acts as an intermediary on behalf of its client. Where the company acts as an intermediary, costs incurred with external suppliers are excluded from revenue.

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
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

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Inventory
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is stated at the lower of cost and net realisable value. Cost consists of direct expenses incurred on unbilled work. Net realisable value is based on estimated sales value less costs to completion. Work in progress consists of amounts spent by the company on behalf of its client which have not been recharged to clients by the end of the year.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.

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.

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Leasing commitments
Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to income statement in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 50 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 8,608 59,460 68,068
Additions 18,966 41,504 60,470
Disposals - (18,845 ) (18,845 )
At 30 June 2024 27,574 82,119 109,693
DEPRECIATION
At 1 July 2023 3,490 37,115 40,605
Charge for year 2,896 15,507 18,403
Eliminated on disposal - (18,845 ) (18,845 )
At 30 June 2024 6,386 33,777 40,163
NET BOOK VALUE
At 30 June 2024 21,188 48,342 69,530
At 30 June 2023 5,118 22,345 27,463

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,574,200 628,818
Other debtors 488,431 288,219
2,062,631 917,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,000 65,000
Trade creditors 737,573 245,845
Taxation and social security 536,582 163,777
Other creditors 1,805,834 1,288,774
3,144,989 1,763,396

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 81,250 146,250

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 46,490 46,490
Between one and five years 62,607 62,607
109,097 109,097

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 146,250 211,250

The bank loan is secured by a fixed and floating charge over all assets of the company.

TBWA\MCR LIMITED (REGISTERED NUMBER: 02160991)

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


10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charges for the year represents contributions payable by the company to the scheme and amounted to £138,565 (2023 £121,688).

Contributions amounting to £22,871 (2023: £21,482) were payable to the schemes and are included in other creditors.