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REGISTERED NUMBER: 06092383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Boxleys of Wombourne Limited

Boxleys of Wombourne Limited (Registered number: 06092383)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boxleys of Wombourne Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Jackson
M R Brookes





REGISTERED OFFICE: Kenant Chambers
Bath Avenue
Wolverhampton
WV1 4EQ





REGISTERED NUMBER: 06092383 (England and Wales)






Boxleys of Wombourne Limited (Registered number: 06092383)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,755 39,155
36,755 39,155

CURRENT ASSETS
Stocks 11,522 9,000
Debtors 6 3,671 2,914
Cash at bank and in hand 30,499 40,085
45,692 51,999
CREDITORS
Amounts falling due within one year 7 13,242 16,430
NET CURRENT ASSETS 32,450 35,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,205

74,724

PROVISIONS FOR LIABILITIES 6,983 7,171
NET ASSETS 62,222 67,553

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 62,121 67,452
SHAREHOLDERS' FUNDS 62,222 67,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Boxleys of Wombourne Limited (Registered number: 06092383)

Balance Sheet - continued
31 March 2023


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 31 August 2023 and were signed on its behalf by:




A Jackson - Director



M R Brookes - Director


Boxleys of Wombourne Limited (Registered number: 06092383)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Boxleys of Wombourne 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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

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.


Boxleys of Wombourne Limited (Registered number: 06092383)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,367
AMORTISATION
At 1 April 2022
and 31 March 2023 50,367
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Boxleys of Wombourne Limited (Registered number: 06092383)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 87,842 26,105 743 114,690
Additions 3,710 - 561 4,271
At 31 March 2023 91,552 26,105 1,304 118,961
DEPRECIATION
At 1 April 2022 52,545 22,562 428 75,535
Charge for year 5,851 531 289 6,671
At 31 March 2023 58,396 23,093 717 82,206
NET BOOK VALUE
At 31 March 2023 33,156 3,012 587 36,755
At 31 March 2022 35,297 3,543 315 39,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 3,671 2,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,748 4,682
Taxation and social security 2,241 3,327
Other creditors 7,253 8,421
13,242 16,430

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary "A" £1 100 100
1 Ordinary "B" £1 1 1
101 101

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the directors .

Boxleys of Wombourne Limited (Registered number: 06092383)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES - continued

During the year the company paid rent of £29,583 (2022 : £30,000) to one of the directors.