REGISTERED NUMBER: 03955760 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ICROSSING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

3,329,890

3,536,048

Cash at bank

1,897,612

2,020,949

5,227,502

5,556,997

CREDITORS

Amounts falling due within one year

5

4,294,512

5,276,583

NET CURRENT ASSETS

932,990

280,414

TOTAL ASSETS LESS CURRENT LIABILITIES

932,990

280,414

PROVISIONS FOR LIABILITIES

-

184,500

NET ASSETS

932,990

95,914

CAPITAL AND RESERVES

Called up share capital

6

9,039

9,039

Share premium

73,686

73,686

Retained earnings

850,265

13,189

SHAREHOLDERS' FUNDS

932,990

95,914

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 11 September 2026 and were signed on its behalf by:

T A Ghareeb - Director

1.	STATUTORY INFORMATION

iCrossing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03955760

Registered office:

The Projects Brighton

8-9 Ship Street

Brighton

East Sussex

BN1 1AD

The presentation currency of the financial statements is the Pound Sterling (£).

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

The directors have thoroughly reviewed the company's cash flow forecasts and are confident that sufficient funds are available to meet all obligations as they fall due for at least 12 months from the date of signing these financial statements. While mindful of the impact of inflation in the UK and global economy, the company's strong long-term relationships with key clients and its connection to a large and supportive global parent company provide a solid foundation. With these strengths, the company is well-positioned to meet its financial commitments. On this basis, these financial statements have been prepared on a going concern.

Turnover

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

Revenue from the provision of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date, revenue represents the fair value of the service provided to date, in accordance with the terms of the contract. Where payments are received from clients in advance of services provided, the amounts are recorded as payments on account or deferred income and included within creditors due within one year.

Turnover

Turnover represents the invoiced value of media buying and consultancy services charged to clients and is recognised when the service is performed.

Client expenses and disbursements

Rechargeable costs comprise media payments and third party costs for those services the company is arranging for its clients in its capacity as an intermediary. The company contracts directly with suppliers, is responsible for payment and bears the credit risk. The company recharges its clients for all costs incurred, which is included within turnover.

Net turnover

Net turnover represents the invoiced value of consultancy services net of client expenses and disbursements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost. The carrying value of fixed assets are reviewed for impairment when changes in circumstances indicate the carrying value may not be recoverable.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Recognition of financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost less any impairment.

Derecognition of financial instruments

Financial instruments are derecognised only when the contractual rights to the cash flows from the instrument expire, are settled, or transferred.

Equity instruments

Equity instruments issued by the group are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Dilapidation provision

A dilapidation provision is recognised when there is a future obligation relating to the maintenance of leasehold properties. The provision is based on management's estimate of the obligation which forms part of the company's unavoidable cost of meeting its obligation under the lease contracts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 50 ) .

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,102,468

934,243

Amounts owed by group undertakings

1,656,270

1,688,691

Other debtors

332,859

540,588

3,091,597

3,163,522

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

238,293

372,526

Aggregate amounts

3,329,890

3,536,048

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

228,535

291,696

Trade creditors

121,406

186,280

Amounts owed to group undertakings

2,562,915

3,016,325

Taxation and social security

398,849

369,658

Other creditors

982,807

1,412,624

4,294,512

5,276,583

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

18,078

Ordinary

£0.25

4,520

4,520

18,078

Ordinary B

£0.15

2,712

2,712

18,078

Ordinary C

£0.10

1,807

1,807

9,039

9,039

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

The Report of the Auditors was unqualified.

Christian Heeger BSc BFP FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

8.	OFF-BALANCE SHEET ARRANGEMENTS

At the year end, the company has non-cancellable operating lease commitments of £30,960 (2024: £nil).

9.	PARENT UNDERTAKINGS

The company's parent company is iCrossing Europe Limited, incorporated in England and Wales. Its registered office is The Projects Brighton, 8-9 Ship Street, Brighton BN1 1AD. Group accounts are available from the registered office.

The ultimate parent company is Hearst Corporation, and its registered office is 300 W57th Street, New York, NY, 10019, USA. Group accounts are not publicly available.