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REGISTERED NUMBER: 06328796 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Redbox Internet Services Limited

Redbox Internet Services Limited (Registered number: 06328796)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Redbox Internet Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J P Wild





REGISTERED OFFICE: 36A Market Street
New Mills
Derbyshire
SK22 4AA





REGISTERED NUMBER: 06328796 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Redbox Internet Services Limited (Registered number: 06328796)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,124 2,411

CURRENT ASSETS
Debtors 5 35,281 40,817
Cash at bank and in hand 4,893 10,951
40,174 51,768
CREDITORS
Amounts falling due within one year 6 28,479 37,541
NET CURRENT ASSETS 11,695 14,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,819

16,638

CREDITORS
Amounts falling due after more than one
year

7

15,712

16,513
NET ASSETS 107 125

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 25
SHAREHOLDERS' FUNDS 107 125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 August 2023 and were signed by:





J P Wild - Director


Redbox Internet Services Limited (Registered number: 06328796)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Redbox Internet Services 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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Redbox Internet Services Limited (Registered number: 06328796)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,948 722 4,968 7,638
Additions - - 3,261 3,261
Disposals - - (4,968 ) (4,968 )
At 28 February 2023 1,948 722 3,261 5,931
DEPRECIATION
At 1 March 2022 184 611 4,432 5,227
Charge for year 441 28 702 1,171
Eliminated on disposal - - (4,591 ) (4,591 )
At 28 February 2023 625 639 543 1,807
NET BOOK VALUE
At 28 February 2023 1,323 83 2,718 4,124
At 28 February 2022 1,764 111 536 2,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 9,328 8,164
Directors' current accounts 25,953 32,653
35,281 40,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 1,952 2,154
Hire purchase contracts 537 -
Tax 12,955 23,057
Social security and other taxes 387 20
VAT 10,589 11,290
Accrued expenses 2,059 1,020
28,479 37,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 1,977 2,156
Bank loans - 2-5 years 5,975 6,469
Bank loans more 5 yr by instal 7,313 7,888
Hire purchase contracts 447 -
15,712 16,513

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,313 7,888

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £25,953 (2022:£32,653) from the director Mr. J. Wild. This balance is included in debtors.