VIDEOBOP LTD - Accounts

VIDEOBOP LTD - Accounts

VIDEOBOP LTD - Company Information

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Logo On Report
Registered Number: 09119231
England and Wales

 

 

 

VIDEOBOP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

VIDEOBOP LTD
Contents Page
For the year ended 31 July 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VIDEOBOP LTD for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VIDEOBOP LTD for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of VIDEOBOP LTD , as a body, in accordance with the terms of our engagement letter dated 30 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of VIDEOBOP LTD and state those matters that we have agreed to state to the Board of Directors of VIDEOBOP LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VIDEOBOP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VIDEOBOP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of VIDEOBOP LTD . You consider that VIDEOBOP LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of VIDEOBOP LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2023



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
30 April 2024
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 6,528    5,615 
6,528    5,615 
Current assets      
Debtors: amounts falling due within one year 1,080    3,546 
Cash at bank and in hand 8,723    9,118 
9,803    12,664 
Creditors: amount falling due within one year (13,270)   (15,591)
Net current assets (3,467)   (2,927)
 
Total assets less current liabilities 3,061    2,688 
Provisions for liabilities (1,240)   (795)
Net assets 1,821    1,893 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 1,721    1,793 
Shareholder's funds 1,821    1,893 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 April 2024 and were signed on its behalf by:


-------------------------------
Richard Toone
Director
2
General Information
VIDEOBOP LTD is a private company, limited by shares, registered in England and Wales, registration number 09119231, registration address Lothlorien, Littlebury Green, Saffron Walden, Essex, CB11 4XB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 August 2022 28,883    28,883 
Additions 7,276    7,276 
Disposals -    - 
At 31 July 2023 36,159    36,159 
Depreciation
At 01 August 2022 23,268    23,268 
Charge for year 6,363    6,363 
On disposals -    - 
At 31 July 2023 29,631    29,631 
Net book values
Closing balance as at 31 July 2023 6,528    6,528 
Opening balance as at 01 August 2022 5,615    5,615 


4.

Share Capital

Allotted, called up and fully paid
2023
£		   2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3