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REGISTERED NUMBER: 07183974 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FUNBOX MEDIA LIMITED

FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FUNBOX MEDIA LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: B Hatch





REGISTERED OFFICE: Unit 17 Markham Vale Environment Centre
Markham Lane
Markham Vale
Chesterfield
Derbyshire
S44 5HY





REGISTERED NUMBER: 07183974 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

STATEMENT OF FINANCIAL POSITION
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,889 11,111
Tangible assets 5 46,570 59,801
50,459 70,912

CURRENT ASSETS
Stocks 182,497 279,883
Debtors 6 289,081 331,181
Cash at bank 228,713 280,989
700,291 892,053
CREDITORS
Amounts falling due within one
year

7

292,228

400,751
NET CURRENT ASSETS 408,063 491,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,522

562,214

CREDITORS
Amounts falling due after more
than one year

8

(159,614

)

(215,496

)

PROVISIONS FOR LIABILITIES (5,814 ) -
NET ASSETS 293,094 346,718

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 74,600 74,600
Retained earnings 218,394 272,018
293,094 346,718

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.

FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


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 director and authorised for issue on 27 March 2025 and were signed by:





B Hatch - Director


FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Funbox Media Limited 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.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.

Fixtures & Fittings - 20% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and Creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses

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 statement of financial position date.


FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 34,733
Additions 5,834
At 30 June 2024 40,567
AMORTISATION
At 1 July 2023 23,622
Charge for year 13,056
At 30 June 2024 36,678
NET BOOK VALUE
At 30 June 2024 3,889
At 30 June 2023 11,111

FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 123,383
Additions 59,271
Disposals (72,490 )
At 30 June 2024 110,164
DEPRECIATION
At 1 July 2023 63,582
Charge for year 18,135
Eliminated on disposal (18,123 )
At 30 June 2024 63,594
NET BOOK VALUE
At 30 June 2024 46,570
At 30 June 2023 59,801

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 58,251
At 30 June 2024 58,251
DEPRECIATION
Charge for year 14,563
At 30 June 2024 14,563
NET BOOK VALUE
At 30 June 2024 43,688

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 289,081 331,181

FUNBOX MEDIA LIMITED (REGISTERED NUMBER: 07183974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 74,519 55,467
Hire purchase contracts 8,079 10,000
Trade creditors 171,622 277,502
Taxation and social security 24,635 48,169
Other creditors 13,373 9,613
292,228 400,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 115,976 190,496
Hire purchase contracts 43,638 25,000
159,614 215,496