IRIS Accounts Production v24.3.2.46 13147821 director 1.7.23 30.6.24 30.6.24 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131478212023-06-30131478212024-06-30131478212023-07-012024-06-30131478212022-06-30131478212022-07-012023-06-30131478212023-06-3013147821ns15:EnglandWales2023-07-012024-06-3013147821ns14:PoundSterling2023-07-012024-06-3013147821ns10:Director12023-07-012024-06-3013147821ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013147821ns10:SmallEntities2023-07-012024-06-3013147821ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013147821ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013147821ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013147821ns10:FullAccounts2023-07-012024-06-301314782112023-07-012024-06-3013147821ns10:OrdinaryShareClass12023-07-012024-06-3013147821ns5:CurrentFinancialInstruments2024-06-3013147821ns5:CurrentFinancialInstruments2023-06-3013147821ns5:ShareCapital2024-06-3013147821ns5:ShareCapital2023-06-3013147821ns5:RetainedEarningsAccumulatedLosses2024-06-3013147821ns5:RetainedEarningsAccumulatedLosses2023-06-3013147821ns10:RegisteredOffice2023-07-012024-06-3013147821ns5:NetGoodwill2023-07-012024-06-3013147821ns5:NetGoodwill2023-06-3013147821ns5:NetGoodwill2024-06-3013147821ns5:NetGoodwill2023-06-3013147821ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3013147821ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3013147821ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 13147821 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MB2 CREATIVE LIMITED

MB2 CREATIVE LIMITED (REGISTERED NUMBER: 13147821)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


MB2 CREATIVE LIMITED (REGISTERED NUMBER: 13147821)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,659 57,988

CURRENT ASSETS
Debtors 5 52,803 111,319
Cash at bank 4,316 8,588
57,119 119,907
CREDITORS
Amounts falling due within one year 6 50,269 113,057
NET CURRENT ASSETS 6,850 6,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,509

64,838

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 45,508 64,837
SHAREHOLDERS' FUNDS 45,509 64,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 13 March 2025 and were signed by:





A O'Hehir - Director


MB2 CREATIVE LIMITED (REGISTERED NUMBER: 13147821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Mb2 Creative 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: 13147821

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.

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

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 (2023 - NIL).

MB2 CREATIVE LIMITED (REGISTERED NUMBER: 13147821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 96,647
AMORTISATION
At 1 July 2023 38,659
Amortisation for year 19,329
At 30 June 2024 57,988
NET BOOK VALUE
At 30 June 2024 38,659
At 30 June 2023 57,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 32,335 38,680
Amounts owed by group undertakings - 61,473
Other debtors 20,468 11,166
52,803 111,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts - 26,474
Trade creditors 2,609 6,933
Amounts owed to group undertakings 44,260 78,000
Other creditors 3,400 1,650
50,269 113,057

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

The controlling party is Colourpoint Group Ltd.

The ultimate controlling party is D Dineen.