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REGISTERED NUMBER: 01952030 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

T.C. Communications Limited

T.C. Communications Limited (Registered number: 01952030)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

T.C. Communications Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | T Leney

| C Maree

| S B Patel

| REGISTERED OFFICE: | Kings Ride Court

| Kings Ride

| Ascot

| Berkshire

| SL5 7JR

| REGISTERED NUMBER: | 01952030 (England and Wales)

| AUDITORS: | WP Audit Limited

| Statutory Auditors

| TOR

| Saint-Cloud Way

| Maidenhead

| Berkshire

| SL6 8BN

T.C. Communications Limited (Registered number: 01952030)

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 2,220 |  | 5,837 |  |

Tangible assets | 6 | 31,025 |  | 43,107 |  |

33,245 |  | 48,944 |  |

CURRENT ASSETS

Debtors | 7 | 4,876,729 |  | 4,081,743 |  |

Cash at bank and in hand | 242,644 |  | 457,389 |  |

5,119,373 |  | 4,539,132 |  |

CREDITORS

Amounts falling due within one year | 8 | (1,118,201 | ) | (822,471 | ) |

NET CURRENT ASSETS | 4,001,172 |  | 3,716,661 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,034,417 |  | 3,765,605 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (8,912 | ) | (19,189 | ) |

PROVISIONS FOR LIABILITIES | 11 | (2,560 | ) | (4,535 | ) |

NET ASSETS | 4,022,945 |  | 3,741,881 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 60,000 |  | 60,000 |  |

Share premium | 173,204 |  | 173,204 |  |

Retained earnings | 3,789,741 |  | 3,508,677 |  |

SHAREHOLDERS' FUNDS | 4,022,945 |  | 3,741,881 |  |

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 3 September 2025 and were signed on its behalf by:

T Leney - Director

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| T.C. Communications 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

| The following principal accounting policies have been applied:

| 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.

| Critical accounting judgements and key sources of estimation uncertainty

| In preparing these financial statements, the directors have had to make the following judgements:

| - Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| - Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.

| Other key sources of estimation uncertainty:

| - Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycle and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| - Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. The directors are required to estimate the total costs expected for the contract which directly impacts the amount of turnover recognised.

| -Other provisions included within the financial statements are based on an assessment made by the directors of the likely outcome and financial impact to the business.

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

| Turnover represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amounts expected to be recoverable from customers and is based on time spent and costs incurred to date.

| Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

| 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.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Improvements to property | - | Over the lease term

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 15% on cost

| Computer equipment | - | 33% on cost

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| 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 exists exceeds the recoverable amount.

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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 debtors and creditors, loans from third parties and loans to related parties.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid ore received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| 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 Statement of Income and Retained Earnings.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

| 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 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 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.

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rental paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

| Assets obtained under hire purchase contract and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives.

| Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Finance costs

| Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issued costs re initially recognised as a reduction in the proceeds of the associated capital instruments.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Interest income

| Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 20 (2023 - 23 ) .

4. | AUDITORS' REMUNERATION

| 31.12.24 |  | 31.12.23

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 10,640 |  | 10,132 |  |

5. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 10,961 |  |

| AMORTISATION

| At 1 January 2024 | 5,124 |  |

| Charge for year | 3,617 |  |

| At 31 December 2024 | 8,741 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,220 |  |

| At 31 December 2023 | 5,837 |  |

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 10,010 |  | 17,656 |  | 25,596 |  | 47,522 |  | 100,784 |  |

| Additions | - |  | - |  | 688 |  | 3,081 |  | 3,769 |  |

| Disposals | - |  | - |  | (1,200 | ) | (9,492 | ) | (10,692 | ) |

| At 31 December 2024 | 10,010 |  | 17,656 |  | 25,084 |  | 41,111 |  | 93,861 |  |

| DEPRECIATION

| At 1 January 2024 | 2,192 |  | 10,018 |  | 10,199 |  | 35,268 |  | 57,677 |  |

| Charge for year | 1,786 |  | 2,137 |  | 3,081 |  | 7,573 |  | 14,577 |  |

| Eliminated on disposal | - |  | - |  | (180 | ) | (9,238 | ) | (9,418 | ) |

| At 31 December 2024 | 3,978 |  | 12,155 |  | 13,100 |  | 33,603 |  | 62,836 |  |

| NET BOOK VALUE

| At 31 December 2024 | 6,032 |  | 5,501 |  | 11,984 |  | 7,508 |  | 31,025 |  |

| At 31 December 2023 | 7,818 |  | 7,638 |  | 15,397 |  | 12,254 |  | 43,107 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 1,560,899 |  | 1,093,069 |  |

| Amounts owed by group undertakings | 3,235,142 |  | 2,910,550 |  |

| Other debtors | 5,834 |  | - |  |

| Prepayments and accrued income | 74,854 |  | 78,124 |  |

4,876,729 |  | 4,081,743 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 10,158 |  | 9,910 |  |

| Trade creditors | 125,990 |  | 126,032 |  |

| Social security and other taxes | 34,266 |  | 33,496 |  |

| VAT | 169,263 |  | 115,606 |  |

| Other creditors | 96,045 |  | 73,520 |  |

| Accruals and deferred income | 682,479 |  | 463,907 |  |

1,118,201 |  | 822,471 |  |

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 8,912 |  | 19,189 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 38,128 |  | 65,362 |  |

| Between one and five years | - |  | 38,128 |  |

38,128 |  | 103,490 |  |

11. | PROVISIONS FOR LIABILITIES

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred tax | 2,560 |  | 4,535 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 4,535 |  |

| Credit to Income Statement during year | (1,975 | ) |

| Balance at 31 December 2024 | 2,560 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 60,000 | Ordinary | £1 | 60,000 |  | 60,000 |  |

| All members have the rights to vote in general meetings.

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

| for and on behalf of WP Audit Limited

T.C. Communications Limited (Registered number: 01952030)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

14. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme and a group personal pension plan. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £57,732 (2023: £57,531). Contributions totalling £4,915 (2023: £4,998) were payable to the fund at the reporting date.

15. | CONTROLLING PARTY

| The company is a wholly owned subsidiary of TC Communicators Holdings Limited, a company registered in England and Wales. The largest and smallest group of which accounts are prepared that include the company are the consolidated accounts of TC Communication Holdings Limited. These consolidated accounts can be obtained from Companies House.

| In the opinion of the directors there is no single controlling entity of the company.