Registered number
03136090
Zinc Communicate Productions Limited
Filleted Accounts
31 December 2024
Zinc Communicate Productions Limited
Registered number: 03136090
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 20,454
Tangible assets 4 - 58,320
- 78,774
Current assets
Stocks - 57,955
Debtors 9 23,855 4,718,844
Cash at bank and in hand 173,170 236,466
197,025 5,013,265
Creditors: amounts falling due within one year 10 (80,688) (5,905,921)
Net current assets/(liabilities) 116,337 (892,656)
Net assets/(liabilities) 116,337 (813,882)
Capital and reserves
Called up share capital 49,420 49,420
Share premium 174,253 174,253
Revaluation reserve 11 12,313,810 12,313,810
Profit and loss account (12,421,146) (13,351,365)
Shareholder's funds 116,337 (813,882)
The directors are satisfied that the Company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the Company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Will Sawyer
Director
Approved by the board on 14 May 2025
Zinc Communicate Productions Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Administration 16 15
Sales 47 47
63 63
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 61,002
Disposals (61,002)
At 31 December 2024 -
Amortisation
At 1 January 2024 40,548
On disposals (40,548)
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 20,454
Software is being written off in equal annual instalments over its estimated economic life of 2 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 7,794 98,866 106,660
Disposals (7,794) (98,866) (106,660)
At 31 December 2024 - - -
Depreciation
At 1 January 2024 2,492 45,848 48,340
On disposals (2,492) (45,848) (48,340)
At 31 December 2024 - - -
Net book value
At 31 December 2024 - - -
At 31 December 2023 5,302 53,018 58,320
5 Stocks 2024 2023
£ £
Work in progress - 57,955
- 57,955
6 Deferred Taxation 2024 2023
£ £
Tax losses carried forward 828,036 60,654
828,036 60,654
2024 2023
£ £
Debited/ (Credited) to the profit and loss account 767,382 60,654
767,382 60,654
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 49,420 49,420
8 Share premium 2024 2023
£ £
At 1 January 174,253 174,253
At 31 December 174,253 174,253
9 Debtors 2024 2023
£ £
Trade debtors 12,803 1,545,899
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 1,829,854
Deferred tax asset - 767,382
Other debtors 2,287 -
Prepayments and accrued income - 575,709
Accrued Income 8,765 -
23,855 4,718,844
10 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,341 34,785
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 5,312,221
Taxation and social security costs 16,899 201,146
Accruals and deferred income - 345,081
Accruals 49,448 -
Other creditors - 12,688
80,688 5,905,921
11 Revaluation reserve 2024 2023
£ £
At 1 January 2024 12,313,810 12,313,810
At 31 December 2024 12,313,810 12,313,810
12 Profit and loss account 2024 2023
£ £
At 1 January (13,932,192) (13,377,227)
(Loss) / Profit for the financial year 930,219 (554,965)
At 31 December (13,001,973) (13,932,192)
13 Related party transactions
The Company has taken advantage of the exemption in FRS 102.33.1A not to disclose related party transactions with Zinc Media Group Plc and fellow wholly-owned subsidiary undertakings of Zinc Media Group Plc, which prepares publicly available consolidated financial statements (see note 14).
14 Controlling party
The Company is a subsidiary of Zinc Media Group Plc, a company incorporated in Scotland, which is the ultimate parent undertaking.

Copies of its Group accounts, which include the Company, are available on www.zincmedia.com.

Zinc Media Group Plc is the parent undertaking of the smallest and the largest group to consolidate these financial accounts.
15 Presentation currency
The financial statements are presented in Sterling.
16 Legal form of entity and country of incorporation
Zinc Communicate Productions Limited is a private company limited by shares and incorporated in England.
17 Other information
Zinc Communicate Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Dominion St
London
EC2M 2EF
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