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Registered number: 08836953
TBD Media Group Limited
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 31 July 2023
Director's Report and Financial Statements
Contents
Page
Company Information 1
Strategic Report 2
Director's Report 3—4
Independent Auditor's Report 5—7
Statement of Income and Retained Earnings 8
Balance Sheet 9
Notes to the Financial Statements 10—17
Page 1
Company Information
Director Mr Paolo Zanini
Company Number 08836953
Registered Office Second Floor
67-74 Saffron Hill
London
EC1N 8QX
Accountants Layers Accountancy Limited
16 Royal Crescent
Cheltenham
Gloucestershire
GL50 3DA
Auditors Byrd Link Audit & Accountancy Services Limited
Honeybourne Place
Jessop Avenue
Cheltenham
GL50 3SH
Page 1
Page 2
Strategic Report
The director presents his strategic report for the year ended 31 July 2023.
Review of the Business
The company has seen stable turnover and profitability for the one-year period ending 31 July 2023, reflecting the continued investment into strategic initiatives and giving a sound basis for growth.
Principal Risks and Uncertainties
Recognising that it operates in a highly competitive market and one in which pressure on profit margins remain high, the company mitigates this risk through active management of channel mix, customer mix, and current and future product portfolios. The company is exposed to some foreign exchange risk as a result of its purchasing agreements but mitigates this with regular reviews of currency management and financial hedging instruments.
Key performance indicators
As shown in the income statement, the company's turnover for 2023 has been increased by 24.5%. Revenue, gross margin, and costs are monitored continuously, and associated action plans are put in place.
On behalf of the board
Mr Paolo Zanini
Director
20th March 2025
Page 2
Page 3
Director's Report
The director presents his report and the financial statements for the year ended 31 July 2023.
Principal Activity
The principal activity of the company is Media Production & Distribution Group, producing over 500 productions globally per year. We help organisations share the right stories using the right content at the right time. Specialising in creating impact through storytelling.
Dividends
The value of dividends paid amounted to £150,000 .
Directors
The director who held office during the year were as follows:
Mr Paolo Zanini
Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
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Independent Auditors
The auditors, Byrd Link Audit & Accountancy Services Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr Paolo Zanini
Director
20th March 2025
Page 4
Page 5
Independent Auditor's Report
Opinion
We have audited the financial statements of TBD Media Group Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 July 2023 and of its 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 director's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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 Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of director's remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
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Responsibilities of Directors
As explained more fully in the Director's Responsibilities Statement set out on page 3—4, the director is 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 director determine is 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 director is responsible for assessing the 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 company or to cease operations, or have no realistic alternative but to do so.
Auditor's 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 an auditor's report 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.
We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the identified as the Companies Act 2006, UK GAAP (FRS102) and relevant tax legislation.
We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included, but were not limited to:
  • making enquiries of directors and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud;
  • obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
  • assessing the design effectiveness of the controls in place to prevent and detect fraud;
  • assessing the risk of management override including identifying and testing journal entries;
  • challenging the assumptions and judgments made by management in its significant accounting estimates.
Whilst our audit did not identify any significant matters relating to the detection of irregularities including fraud, and despite the audit being planned and conducted in accordance with ISAs (UK), there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity would likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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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 that we are required to state to them in an auditor's report 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.
Russel Byrd (FCA), (Senior Statutory Auditor)
for and on behalf of Byrd Link Audit & Accountancy Services Limited , Statutory Auditor
25th March 2025
Byrd Link Audit & Accountancy Services Limited
Honeybourne Place
Jessop Avenue
Cheltenham
GL50 3SH
Page 7
Page 8
Statement of Income and Retained Earnings
2023 2022
Notes £ £
TURNOVER 3 15,591,388 11,302,895
Cost of sales (7,232,857 ) (4,486,082 )
GROSS PROFIT 8,358,531 6,816,813
Administrative expenses (6,037,509 ) (3,949,507 )
Other operating income 29,171 -
OPERATING PROFIT 5 2,350,193 2,867,306
Interest payable and similar charges 9 (414 ) (22,727 )
PROFIT BEFORE TAXATION 2,349,779 2,844,579
Tax on Profit 10 (501,204 ) (532,386 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 1,848,575 2,312,193
RETAINED EARNINGS
As at 1 August 2022 5,748,448 3,613,255
Dividends paid (150,000) (177,000)
As at 31 July 2023 7,447,023 5,748,448
The notes on pages 10 to 17 form part of these financial statements.
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Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 11 6,050 8,066
Tangible Assets 12 171,773 234,225
Investment Properties 13 229,232 229,232
Investments in Subsidiaries 14 100 100
407,155 471,623
CURRENT ASSETS
Debtors 15 4,789,702 3,797,749
Cash at bank and in hand 5,674,809 6,068,916
10,464,511 9,866,665
Creditors: Amounts Falling Due Within One Year 16 (3,417,776 ) (4,578,485 )
NET CURRENT ASSETS (LIABILITIES) 7,046,735 5,288,180
TOTAL ASSETS LESS CURRENT LIABILITIES 7,453,890 5,759,803
PROVISIONS FOR LIABILITIES
Deferred Taxation 17 (6,767 ) (11,255 )
NET ASSETS 7,447,123 5,748,548
CAPITAL AND RESERVES
Called up share capital 18 100 100
Profit and Loss Account 7,447,023 5,748,448
SHAREHOLDERS' FUNDS 7,447,123 5,748,548
On behalf of the board
Mr Paolo Zanini
Director
20th March 2025
The notes on pages 10 to 17 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TBD Media Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08836953 . The registered office is Second Floor, 67-74 Saffron Hill, London, EC1N 8QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, cash flow forecasts, and future trading expectations in their assessment.
In making this assessment, the directors have reviewed the company’s forecasts and projections, taking into account reasonable possible changes in trading performance, as well as available funding and liquidity resources.
The directors acknowledge the potential challenges posed by changes to the company operations, but they remain confident in the company’s ability to continue operating for the foreseeable future. The company has sufficient resources to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired from a business are recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 

Amortisation is charged over a useful life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 25% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.7. Investments
Investments in subsidiaries are stated at cost less any provision for impairment. The carrying value is reviewed annually for any indicators of impairment. Where impairment is identified, the investment is written down to its recoverable amount and the impairment loss is recognised in profit or loss.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.11. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.12. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.13. Deferred Income
Deferred income represents income received in advance for goods or services that have not yet been delivered or performed as of the balance sheet date. In accordance with FRS 102, such income is recognised as a liability and released to the profit and loss account in the period in which the related services are provided.
Deferred Income Recognition
Income is deferred when:
  • Payment has been received before the associated performance obligation has been satisfied.
  • The company has an obligation to provide goods or services in future periods.
Revenue is recognised in line with the company’s revenue recognition policy, ensuring it is recorded in the period when the related service is delivered.
2.14. Creditors
Recognition and Measurement
Creditors are financial liabilities measured initially at the transaction price (including transaction costs), and subsequently at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction (in which case it is measured at the present value of future payments discounted at a market rate of interest).
Trade Creditors
Trade creditors represent liabilities for goods and services received by the company but not yet paid for at the reporting date. They are recognised at the original invoice amount.
Other Creditors
Other creditors generally consist of any amounts owed by the company for transactions not classifiable under trade creditors. These can include loans from directors or related parties, payroll liabilities, or other miscellaneous amounts due.
2.15. Trade Debtors and Provision for Doubtful Debts
Initial Recognition and Measurement
Trade debtors are amounts due from customers for goods sold or services rendered in the ordinary course of business. Under FRS 102, they are initially recognised at the transaction price (i.e. the invoice amount), unless the arrangement constitutes a financing transaction, in which case the receivable is measured at the present value of future cash flows discounted at a market rate of interest.
Subsequent Measurement
After initial recognition, trade debtors are measured at amortised cost using the effective interest rate method, net of any provision for doubtful debts. In many cases for short-term receivables, amortised cost will approximate the original invoice amount if the effect of discounting is not material.
Provision for Doubtful Debts (Impairment)
A provision for doubtful debts is recognised when there is objective evidence that the company will not be able to collect all amounts due under the original terms of the receivable. Indicators of impairment may include:
  • Significant financial difficulty of the debtor
  • Actual or anticipated customer insolvency or default
  • Payment delays exceeding normal credit terms 
The amount of the impairment is measured as the difference between the debtor’s carrying amount and the present value of estimated future cash flows. This assessment is performed on an individual debtor basis or, where appropriate, on a portfolio basis for debtors with similar credit risk characteristics. The carrying amount of the asset is reduced through a provision account, and the loss is recognised in the profit and loss account.
Reversal of Impairment
If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognised (such as improved payment trends or settlement of the debt), the previously recognised impairment loss is reversed in the profit and loss account to the extent it no longer exists.
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3. Turnover
Analysis of the company's revenue is as follows:
2023 2022
£ £
United Kingdom 11,640,167 8,551,144
Europe 3,375,810 3,984,406
Asia 575,411 -
15,591,388 12,535,550
4. Other Operating Income
2023 2022
£ £
Other operating income 29,171 -
29,171 -
5. Operating Profit
The operating profit is stated after charging:
2023 2022
£ £
Bad debts 595,505 -
Depreciation of tangible fixed assets 93,733 101,808
Amortisation of intangible fixed assets 2,017 2,017
6. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2023 2022
£ £
Wages and salaries 2,731,861 1,745,471
Social security costs 291,484 182,346
Other pension costs 33,873 23,028
3,057,218 1,950,845
7. Average Number of Employees
Average number of employees, including directors, during the year was: 73 (2022: 54)
73 54
8. Director's remuneration
2023 2022
£ £
Emoluments 13,066 8,924
13,066 8,924
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9. Interest Payable and Similar Charges
2023 2022
£ £
Bank loans and overdrafts - 22,727
Late payment tax charges 414 -
414 22,727
10. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2023 2022
2023 2022 £ £
Current tax
UK Corporation Tax 25.0% 19.0% 505,692 518,731
Prior period adjustment - 2,400
505,692 521,131
Deferred Tax
Origination and reversal of timing differences (4,488 ) 11,255
Total tax charge for the period 501,204 532,386
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
2023 2022
£ £
Profit before tax 2,349,779 2,844,579
Tax on profit at 25% (UK standard rate) 505,692 532,386
Total tax charge for the period 505,692 532,386
11. Intangible Assets
Other
£
Cost
As at 1 August 2022 10,083
As at 31 July 2023 10,083
Amortisation
As at 1 August 2022 2,017
Provided during the period 2,016
As at 31 July 2023 4,033
Net Book Value
As at 31 July 2023 6,050
As at 1 August 2022 8,066
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12. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 120,029 58,780 60,289 207,771 446,869
Additions - - - 31,280 31,280
As at 31 July 2023 120,029 58,780 60,289 239,051 478,149
Depreciation
As at 1 August 2022 17,379 58,780 28,941 107,544 212,644
Provided during the period 12,003 - 18,719 63,010 93,732
As at 31 July 2023 29,382 58,780 47,660 170,554 306,376
Net Book Value
As at 31 July 2023 90,647 - 12,629 68,497 171,773
As at 1 August 2022 102,650 - 31,348 100,227 234,225
13. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 229,232
14. Investments in Subsidiaries
Subsidiaries
£
Cost
As at 1 August 2022 100
As at 31 July 2023 100
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 100
As at 1 August 2022 100
TBD Media Group Limited own 100% of the share capital of TBD Crew Limited.
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15. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,755,838 1,630,599
Prepayments and accrued income 62,902 10,472
Other debtors 2,830,796 2,027,658
VAT 140,166 129,020
4,789,702 3,797,749
The figures included above for Trade debtors is included net. Below is the breakdown of the amounts. 
2023
2022
£
£
Trade debtors (gross)
2,281,961
1,630,599
Less: Provision for doubtful debts
(595,505)
image
-
image
1,755,838
image
1,630,599
image
16. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 785,029 759,824
Corporation tax 246,327 922,642
Other taxes and social security 73,564 71,720
Net wages - 7,805
Other creditors 102,363 100
Accruals and deferred income 2,037,922 2,505,303
Director's loan account 172,571 311,091
3,417,776 4,578,485
17. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 6,767 11,255
18. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 100.00 each 100 100
19. Pension Commitments
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.
During the year the charge to profit or loss in respect of defined contribution schemes was £33,873 (2022: £23,028).
At the balance sheet date contributions of £7,072 (2022: £5,320) were due to the fund and are included in creditors.
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20. Post Balance Sheet Events
The director has considered events occurring after the balance sheet date and their potential impact on the financial statements.
Non-Adjusting Events
Since the balance sheet date, operations have begun in a separate company under common control company (Acumen International Media Limited - Company number 15381524) dealing with new and ongoing contracts,  costs from TBD Media Group Limited will continue to be recharged onwards.  
This event does not affect the financial position as of 31 July 2023 but may impact future operations. The directors have considered the implications and do not believe this event affects the going concern assumption.
The directors have assessed all other post-balance sheet events and confirm that no further material adjustments or disclosures are required.
21. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
22. Controlling Parties
The company's ultimate controlling party is TBD Media Holdings Limited by virtue of their interest in the share capital of the company.
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