REGISTERED NUMBER: 10020207 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

CLOCKWORK MEDIA SA UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

T Manners

N M Simmonds

D J Costello

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

10020207 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

14,092

2,606

Current assets

Stocks

5

2,295

13,417

Debtors

6

718,728

361,398

Cash at bank

181,758

613,692

902,781

988,507

Creditors

Amounts falling due within one year

7

921,797

764,249

Net current (liabilities)/assets

(19,016

)

224,258

Total assets less current liabilities

(4,924

)

226,864

Provisions for liabilities

3,208

-

Net (liabilities)/assets

(8,132

)

226,864

Capital and reserves

Called up share capital

8

100

100

Retained earnings

(8,232

)

226,764

Shareholders' funds

(8,132

)

226,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

T Manners - Director

N M Simmonds - Director

1.	Statutory information

Clockwork Media SA UK Limited ("the company") 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.

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

At the Balance Sheet date the company had a positive cash balance and strong net asset position. This, combined with the financial forecasts prepared by the Directors, shows that the company will be able to operate within the facilities available to it for a period of at least 12 months from the date of signing these financial statements.

On that basis, the Directors have prepared these financial statements on a going concern basis.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover to provide services are recognised in the period in which the services are provided in accordance with the stage of completion when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the service at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the service can be measured reliably.

Tangible fixed assets

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 exceeds the recoverable amount.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives.

The estimated useful lives range as follows:

Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount and recognised in the Income Statement.

Stocks

Work in progress includes labour and attributable overheads.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

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 of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3.	Employees and directors

The average number of employees during the year was 8 (2025 - 6 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 March 2025

10,912

Additions

15,780

At 28 February 2026

26,692

Depreciation

At 1 March 2025

8,306

Charge for year

4,294

At 28 February 2026

12,600

Net book value

At 28 February 2026

14,092

At 28 February 2025

2,606

5.

Stocks

2026

2025

£

£

Work-in-progress

2,295

13,417

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

716,007

361,302

Other debtors

2,721

96

718,728

361,398

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

312,208

2,149

Taxation and social security

331,678

389,355

Other creditors

277,911

372,745

921,797

764,249

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

9.	Pension commitments

The company contributes to defined contribution pension schemes. 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 schemes and amounted to £11,109. (2025: £7,553). Contributions totalling £2,783 (2025: £1,567) were payable to the fund at the Balance Sheet date and are included in other creditors.

10.	Related party disclosures

At the balance sheet date, included within other creditors is a balance of £1,188 (2025 - £1,658) due to the directors of the company. During the year there were net advances of £470.

The amounts are interest-free and repayable on demand.