THE BLACKBOXCAMERA COMPANY LTD

Company Registration Number:
03788895 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

THE BLACKBOXCAMERA COMPANY LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

THE BLACKBOXCAMERA COMPANY LTD

Company Information

for the Period Ended 30 June 2023




Director: O K Ayandokun
Secretary: S M Ayandokun
Registered office: Office 126
275 New North Road
London
Greater London
England
N1 7AA
Company Registration Number: 03788895 (England and Wales)

THE BLACKBOXCAMERA COMPANY LTD

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

The principle activity of the company is the design, building and sale of a range of video overlay devices.

Political and charitable donations

No donations were made during this period.

Company policy on the employment of disabled persons

The company employs less than 150 people.

Additional information

The above report has been prepared in accordance with the special previsions in part 15 of the companies act 2006.

Directors

The directors shown below have held office during the whole of the period from 01 July 2022 to 30 June 2023
O K Ayandokun

Secretary
S M Ayandokun

This report was approved by the board of directors on 23 November 2023
And Signed On Behalf Of The Board By:

Name: O K Ayandokun
Status: Director

THE BLACKBOXCAMERA COMPANY LTD

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£

2022
£
Turnover 51,877 53,615
Cost of sales ( 16,416 ) ( 24,284 )
Gross Profit or (Loss) 35,461 29,331
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 18,142 ) ( 17,528 )
Operating Profit or (Loss) 17,319 11,803
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 17,319 11,803
Tax on Profit ( 3,291 ) ( 2,243 )
Profit or (Loss) for Period 14,028 9,560

The notes form part of these financial statements

THE BLACKBOXCAMERA COMPANY LTD

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 1,356 1,338
Total fixed assets: 1,356 1,338
Current assets
Stocks: 1,200 1,300
Debtors: 6 0 0
Cash at bank and in hand: 57,475 53,096
Total current assets: 58,675 54,396
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 3,392 ) ( 5,414 )
Net current assets (liabilities): 55,283 48,982
Total assets less current liabilities: 56,639 50,320
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 56,639 50,320

The notes form part of these financial statements

THE BLACKBOXCAMERA COMPANY LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 0 0
Profit and loss account: 56,638 50,319
Shareholders funds: 56,639 50,320

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 November 2023
And Signed On Behalf Of The Board By:

Name: O K Ayandokun
Status: Director

The notes form part of these financial statements

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover in the profit and loss account represents revenue earned during the period.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rate in order to write off each asset over it's estimated useful life. Office and other equipment - 10% on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Research and Development Expenditure on research and development is written off in the year in which it occurs under staff costs.

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Intangible assets

Other Total
Cost £ £
At 01 July 2022 0 0
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 June 2023 0 0
Amortisation
Amortisation at 01 July 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 30 June 2023 0 0
Net book value
Net book value at 30 June 2023 0 0
Net book value at 30 June 2022 0 0

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Tangible assets

Office equipment Total
Cost £ £
At 01 July 2022 1,338 1,338
Additions 152 152
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 June 2023 1,490 1,490
Depreciation
At 01 July 2022 0 0
Charge for year 134 134
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 30 June 2023 134 134
Net book value
At 30 June 2023 1,356 1,356
At 30 June 2022 1,338 1,338

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Debtors


2023
£

2022
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 461 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 2,931 5,414
Total 3,392 5,414

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

THE BLACKBOXCAMERA COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

9. Revaluation reserve


2023
£
Balance at 01 July 2022 0
Surplus or deficit after revaluation 0
Balance at 30 June 2023 0