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REGISTERED NUMBER: 07737866 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

BUZZ MY VIDEOS LIMITED

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUZZ MY VIDEOS LIMITED

Company Information
for the year ended 30 June 2024







Directors: B Atamer
P Marinone





Registered office: 9 Noel Street
London
W1F 8GQ





Registered number: 07737866 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 79 179
Tangible assets 5 1,881 3,164
Investments 6 8,413 8,413
10,373 11,756

Current assets
Debtors 7 102,557 233,207
Cash at bank 1,140,267 30,263
1,242,824 263,470
Creditors
Amounts falling due within one year 8 258,612 281,396
Net current assets/(liabilities) 984,212 (17,926 )
Total assets less current liabilities 994,585 (6,170 )

Creditors
Amounts falling due after more than one
year

9

9,640

19,908
Net assets/(liabilities) 984,945 (26,078 )

Capital and reserves
Called up share capital 10 4,420 4,420
Share premium 2,838,580 2,838,580
Other reserves 2,674 2,674
Retained earnings (1,860,729 ) (2,871,752 )
Shareholders' funds 984,945 (26,078 )

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 directors acknowledge their 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.

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





P Marinone - Director


BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Buzz My Videos 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Buzz My Videos Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 ten years.

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

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Hire purchase and 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Intangible fixed assets
Patents and
licences
£
Cost
At 1 July 2023
and 30 June 2024 1,000
Amortisation
At 1 July 2023 821
Amortisation for year 100
At 30 June 2024 921
Net book value
At 30 June 2024 79
At 30 June 2023 179

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 July 2023
and 30 June 2024 5,132
Depreciation
At 1 July 2023 1,968
Charge for year 1,283
At 30 June 2024 3,251
Net book value
At 30 June 2024 1,881
At 30 June 2023 3,164

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 8,413
Net book value
At 30 June 2024 8,413
At 30 June 2023 8,413

BUZZ MY VIDEOS LIMITED (REGISTERED NUMBER: 07737866)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 85,465 141,211
Amounts owed by group undertakings - 76,797
Other debtors 17,092 15,199
102,557 233,207

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,268 10,015
Trade creditors 8,170 3,153
Taxation and social security 16,384 14,768
Other creditors 223,790 253,460
258,612 281,396

Included in trade creditors is £8,170 owed to a company director. The amount is interest free and repayable on demand.

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 9,640 19,908

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
442,000 Ordinary £0.01 4,420 4,420

11. Related party disclosures

At the balance sheet date £11,953 (2023: £20,244) was due to a company director. This loan is unsecured and not interest bearing in the current or prior year.