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Trade and other payables: amounts falling due within one year
 12 Months Ended
Dec. 31, 2024
Trade and other current payables [abstract]  
Trade and other payables: amounts falling due within one year
16. Trade and other payables: amounts falling due within one year
The following are included in trade and other payables falling due within one year:
20242023
£m£m
Trade payables10,637 10,826 
Contingent consideration liabilities57 73 
Liabilities in respect of put option agreements with vendors1 14 
Fair value of derivatives32 1 
Other payables and accruals1
2,329 2,409 
13,056 13,323 
Note
1 This balance includes media rebates, staff costs, indirect taxes payable and other individually not material items.
The Group considers that the carrying amount of trade and other payables approximates their fair value, except for liabilities in respect of put option agreements with vendors for which the fair value is nil (this is level 3 fair value that is derived using a discounted cash flow approach) at 31 December 2024 (2023: £12 million).