B3 Media Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04043542

B3 Media

Company Limited by Guarantee

Filleted Unaudited Accounts

31 March 2025

B3 Media

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		47,076	27,179

Current assets

Debtors	7	8,946	23,519
Cash at bank and in hand		62,761	31,886
		--------	--------
		71,707	55,405

Creditors: amounts falling due within one year	8	( 49,238)		( 22,441)
		--------		--------
Net current assets			22,469	32,964
			--------	--------
Total assets less current liabilities			69,545	60,143
			--------	--------
Net assets			69,545	60,143
			--------	--------

Capital and reserves

Profit and loss account	9	69,545	60,143
		--------	--------
Members funds		69,545	60,143
		--------	--------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

B3 Media

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 24 November 2025 , and are signed on behalf of the board by:

M Boothe

Director

Company registration number: 04043542

B3 Media

Company Limited by Guarantee

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors the company is a going concern and the accounts are prepared on this basis. In forming their opinion the directors believe the company to be well positioned, in terms of funding and with learning programs now being brought online, to continue its activities for the foreseeable future.

Revenue recognition

Turnover represents the fair value of consideration receivable in the form of grants and other income in respect of media facilitation services provided in the period, net of value added tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and equipment	-	Project eqt 2 year straight line / Other eqt 25% reducing balance
Fixtures and fittings	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Company limited by guarantee

The company is a private company limited by guarantee, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

6. Tangible assets

	Plant and equipment	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	43,463	5,729	49,192
Additions	44,685	–	44,685
	--------	-------	--------
At 31 March 2025	88,148	5,729	93,877
	--------	-------	--------
Depreciation
At 1 April 2024	20,786	1,227	22,013
Charge for the year	23,663	1,125	24,788
	--------	-------	--------
At 31 March 2025	44,449	2,352	46,801
	--------	-------	--------
Carrying amount
At 31 March 2025	43,699	3,377	47,076
	--------	-------	--------
At 31 March 2024	22,677	4,502	27,179
	--------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	–	9,000
Other debtors	8,946	14,519
	-------	--------
	8,946	23,519
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	49,238	22,441
	--------	--------

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	5,964	8,283
	-------	-------

11. Directors' advances, credits and guarantees

Throughout the year the company was indebted to the directors in respect of a short term, interest free, advance. At the balance sheet date the amount repayable was £792 (2024: £480). The advance is considered repayable on demand and is included in Other creditors.

12. Related party transactions

The company remained under the control of the directors during the current and previous years.