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REGISTERED NUMBER: 05640068 (England and Wales)

Unaudited Financial Statements

for the Period

1 May 2024 to 31 October 2024

for

The Works Advertising Limited

| The Works Advertising Limited (Registered number: 05640068) |

Contents of the Financial Statements

for the Period 1 May 2024 to 31 October 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| The Works Advertising Limited |

Company Information

for the Period 1 May 2024 to 31 October 2024

| DIRECTORS: | Mr I N Oswald

| Mr B Pollock

| REGISTERED OFFICE: | 17 Queens Lane

| Newcastle Upon Tyne

| NE1 1RN

| REGISTERED NUMBER: | 05640068 (England and Wales)

| ACCOUNTANTS: | S&W Partners (Newcastle) Limited

| 17 Queens Lane

| Newcastle upon Tyne

| Tyne and Wear

| NE1 1RN

| The Works Advertising Limited (Registered number: 05640068) |

Balance Sheet

31 October 2024

| 2024 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 2,222 |  | 2,502 |  |

2,222 |  | 2,502 |  |

CURRENT ASSETS

Stocks | 4,100 |  | 4,100 |  |

Debtors | 7 | 466,269 |  | 466,877 |  |

Cash at bank | 93,933 |  | 115,498 |  |

564,302 |  | 586,475 |  |

CREDITORS

Amounts falling due within one year | 8 | (262,242 | ) | (301,984 | ) |

NET CURRENT ASSETS | 302,060 |  | 284,491 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 304,282 |  | 286,993 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Profit and loss account | 304,182 |  | 286,893 |  |

304,282 |  | 286,993 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:

Mr I N Oswald - Director

Mr B Pollock - Director

| The Works Advertising Limited (Registered number: 05640068) |

Notes to the Financial Statements

for the Period 1 May 2024 to 31 October 2024

1. | STATUTORY INFORMATION

| The Works 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 (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The accounting period has been shortened by six months to align with the group. The comparative figures cover a twelve month accounting period and are therefore not comparable.

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Goodwill has been fully amortised.

| 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 | - | 15% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Financial instruments

| The company only enters into basic financial instrument 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, loans to related parties and investments on non-puttable ordinary shares.

| 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 profit or loss.

| The Works Advertising Limited (Registered number: 05640068) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 October 2024

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the 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.

| 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 period 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.

| 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 or 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 7 (2024 - 7 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 31 October 2024 | 560,000 |  |

| AMORTISATION

| At 1 May 2024

| and 31 October 2024 | 560,000 |  |

| NET BOOK VALUE

| At 31 October 2024 | - |  |

| At 30 April 2024 | - |  |

| The Works Advertising Limited (Registered number: 05640068) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 October 2024

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 31 October 2024 | 84,192 |  |

| DEPRECIATION

| At 1 May 2024 | 81,690 |  |

| Charge for period | 280 |  |

| At 31 October 2024 | 81,970 |  |

| NET BOOK VALUE

| At 31 October 2024 | 2,222 |  |

| At 30 April 2024 | 2,502 |  |

7. | DEBTORS

2024 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 124,201 |  | 98,753 |  |

| Amounts owed by group undertakings | 326,689 |  | 321,266 |  |

| Other debtors | 15,379 |  | 38,989 |  |

466,269 |  | 459,008 |  |

| Amounts falling due after more than one year:

| Other debtors | - |  | 7,869 |  |

| Aggregate amounts | 466,269 |  | 466,877 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,533 |  | 21,067 |  |

| Trade creditors | 66,849 |  | 76,476 |  |

| Amounts owed to group undertakings | 126,381 |  | 150,000 |  |

| Taxation and social security | 19,484 |  | 15,987 |  |

| Other creditors | 38,995 |  | 38,454 |  |

262,242 |  | 301,984 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 31 October 2024 and the year ended 30 April 2024:

2024 | 2024 |

£ | £ |

| Mr J Simpson

| Balance outstanding at start of period | 4,152 |  | 6,053 |  |

| Amounts advanced | - |  | 18,705 |  |

| Amounts repaid | (4,152 | ) | (20,606 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 4,152 |  |

| The Works Advertising Limited (Registered number: 05640068) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 October 2024

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Mr B Pollock

| Balance outstanding at start of period | 7,291 |  | 8,724 |  |

| Amounts advanced | - |  | 18,567 |  |

| Amounts repaid | (7,291 | ) | (20,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 7,291 |  |

| Mr I N Oswald

| Balance outstanding at start of period | 12,176 |  | 13,609 |  |

| Amounts advanced | - |  | 18,567 |  |

| Amounts repaid | (12,176 | ) | (20,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 12,176 |  |

| Mr J Simpson resigned as a director on 29 October 2024.

| The directors' loans are interest free and repayable on demand.

10. | ULTIMATE CONTROLLING PARTY

| The company's ultimate controlling party is We Are The Works Limited, a company incorporated in England and Wales, and owner of the entire issued share capital of the company.