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REGISTERED NUMBER: 13148053 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MB3 VIDIOH LIMITED

MB3 VIDIOH LIMITED (REGISTERED NUMBER: 13148053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


MB3 VIDIOH LIMITED (REGISTERED NUMBER: 13148053)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,405 8,540
Tangible assets 5 4,265 5,687
10,670 14,227

CURRENT ASSETS
Debtors 6 8,784 5,716
Cash at bank 2,731 105,438
11,515 111,154
CREDITORS
Amounts falling due within one year 7 20,467 123,612
NET CURRENT LIABILITIES (8,952 ) (12,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,718

1,769

PROVISIONS FOR LIABILITIES 1,066 1,080
NET ASSETS 652 689

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 651 688
SHAREHOLDERS' FUNDS 652 689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 March 2024 and were signed by:





D Dineen - Director


MB3 VIDIOH LIMITED (REGISTERED NUMBER: 13148053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Mb3 Vidioh 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: 13148053

Registered office: Units A & B
Wessex Road Industrial Estate
Wessex Road
Bourne End
Buckinghamshire
SL8 5DT

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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MB3 VIDIOH LIMITED (REGISTERED NUMBER: 13148053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 10,675
AMORTISATION
At 1 July 2022 2,135
Amortisation for year 2,135
At 30 June 2023 4,270
NET BOOK VALUE
At 30 June 2023 6,405
At 30 June 2022 8,540

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 6,348
DEPRECIATION
At 1 July 2022 661
Charge for year 1,422
At 30 June 2023 2,083
NET BOOK VALUE
At 30 June 2023 4,265
At 30 June 2022 5,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 8,784 5,715
Other debtors - 1
8,784 5,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 1 4,149
Amounts owed to group undertakings 12,851 107,580
Taxation and social security 5,965 11,083
Other creditors 1,650 800
20,467 123,612

MB3 VIDIOH LIMITED (REGISTERED NUMBER: 13148053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

The controlling party is Colourpoint Group Ltd.

The ultimate controlling party is D Dineen.