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REGISTERED NUMBER: 07635593 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

VO2 MEDIA LIMITED

VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)






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


VO2 MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr G C Wright
Mr K S Gibson
Ms K J Paulson





REGISTERED OFFICE: Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 07635593 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 72,765 90,117
Tangible assets 5 - -
72,765 90,117

CURRENT ASSETS
Debtors 6 25,061 258,795
Cash at bank 185,179 202,733
210,240 461,528
CREDITORS
Amounts falling due within one year 7 (330,653 ) (545,668 )
NET CURRENT LIABILITIES (120,413 ) (84,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,648

)

5,977

CAPITAL AND RESERVES
Called up share capital 1,334 1,334
Share premium 990,407 990,407
Retained earnings (1,039,389 ) (985,764 )
SHAREHOLDERS' FUNDS (47,648 ) 5,977

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.

VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mr K S Gibson - Director


VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)

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

1. STATUTORY INFORMATION

VO2 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 the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Film and product development costs
Film and product development costs are capitalised only to the extent that they lead to the creation of an enduring asset delivering benefits at least as great as the amount capitalised. Film and product development costs are amortised over 3 years on a straight line basis commencing after a period determined by the directors. In the event that the expected future economic benefits are no longer probable of being recovered, the development expenditure is written down to its recoverable amount.

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

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 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.

3. EMPLOYEES AND DIRECTORS

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

VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)

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

4. INTANGIBLE FIXED ASSETS
Product
development
costs
£   
COST
At 1 July 2023 865,254
Additions 50,990
At 30 June 2024 916,244
AMORTISATION
At 1 July 2023 775,137
Amortisation for year 68,342
At 30 June 2024 843,479
NET BOOK VALUE
At 30 June 2024 72,765
At 30 June 2023 90,117

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2023
and 30 June 2024 10,116
DEPRECIATION
At 1 July 2023
and 30 June 2024 10,116
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,717 256,293
VAT 1,344 2,502
25,061 258,795

VO2 MEDIA LIMITED (REGISTERED NUMBER: 07635593)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 227,304 226,492
Other creditors 423 423
Director's current accounts 51,926 62,905
Accruals and deferred income 51,000 255,848
330,653 545,668