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REGISTERED NUMBER: 02078277 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

AYLESBURY BOX COMPANY LIMITED

AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)






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


AYLESBURY BOX COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr M Whalley
Mr L R C Jamieson
Mr A Stoten
Mr W J Boswell





REGISTERED OFFICE: 19 Faraday Road
Rabans Lane Industrial Estate
Aylesbury
Buckinghamshire
HP19 8RY





REGISTERED NUMBER: 02078277 (England and Wales)





ACCOUNTANTS: Accurate Business Consulting Limited
International House
36-38 Cornhill
London
EC3V 3NG

AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 425,174 450,989

CURRENT ASSETS
Stocks 5 105,660 130,951
Debtors 6 1,653,505 1,692,955
Cash at bank and in hand 606,445 343,929
2,365,610 2,167,835
CREDITORS
Amounts falling due within one year 7 1,349,122 1,427,365
NET CURRENT ASSETS 1,016,488 740,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,441,662

1,191,459

CREDITORS
Amounts falling due after more than one
year

8

(92,991

)

(101,898

)

PROVISIONS FOR LIABILITIES (80,783 ) (84,864 )
NET ASSETS 1,267,888 1,004,697

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 1,266,988 1,003,797
SHAREHOLDERS' FUNDS 1,267,888 1,004,697

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 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.

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 6 November 2023 and were signed on its behalf by:





Mr L R C Jamieson - Director


AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Aylesbury Box Company 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 - 12.5% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

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.

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 32 (2022 - 32 ) .

AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 761,746 120,162 23,400 905,308
Additions 47,690 - - 47,690
Disposals (5,000 ) - - (5,000 )
At 28 February 2023 804,436 120,162 23,400 947,998
DEPRECIATION
At 1 March 2022 376,582 54,337 23,400 454,319
Charge for year 57,919 10,586 - 68,505
At 28 February 2023 434,501 64,923 23,400 522,824
NET BOOK VALUE
At 28 February 2023 369,935 55,239 - 425,174
At 28 February 2022 385,164 65,825 - 450,989

5. STOCKS
2023 2022
£    £   
Stocks 105,660 130,951

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 833,547 879,951
Amounts owed by group undertakings 675,665 675,937
Other debtors 4,903 2,633
Directors' current accounts 6,280 6,220
Prepayments and accrued income 82,868 71,692
1,603,263 1,636,433

Amounts falling due after more than one year:
Directors' loan accounts 50,242 56,522

Aggregate amounts 1,653,505 1,692,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,742 9,264
Hire purchase contracts (see note 9) 57,462 41,251
Trade creditors 788,618 832,872
Tax 101,723 115,503
Social security and other taxes 24,146 24,159
VAT 69,710 89,275
Other creditors 3,210 10,200
Accruals and deferred income 294,511 304,841
1,349,122 1,427,365

AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,969 9,701
Bank loans - 2-5 years 12,789 23,535
Hire purchase contracts (see note 9) 70,233 68,662
92,991 101,898

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 57,462 41,251
Between one and five years 70,233 68,662
127,695 109,913

Non-cancellable operating leases
2023 2022
£    £   
Within one year 234,578 165,888
Between one and five years 711,904 671,041
In more than five years 391,227 689,785
1,337,709 1,526,714

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 127,696 109,912

Hire purchase creditors are secured on the assets to which they relate. Invoice discounting is secured on the trade debtors.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr W J Boswell
Balance outstanding at start of year 31,371 -
Amounts advanced 299 32,400
Amounts repaid (3,409 ) (1,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,261 31,371

AYLESBURY BOX COMPANY LIMITED (REGISTERED NUMBER: 02078277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr A Stoten
Balance outstanding at start of year 31,371 -
Amounts advanced 299 32,400
Amounts repaid (3,409 ) (1,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,261 31,371

12. RELATED PARTY DISCLOSURES

There is a balance of £675,665 (2022: £675,937) due from the parent company Broncroft Holdings Ltd. There are no formal terms in place and therefore the loan is considered to be due on demand and carries no interest.