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COMPANY REGISTRATION NUMBER: 07952934
With Box Limited
Filleted Unaudited Financial Statements
28 February 2023
With Box Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
5,633
7,152
Current assets
Cash at bank and in hand
64,873
46,039
Creditors: amounts falling due within one year
6
( 34,934)
( 24,365)
------------
------------
Net current assets
29,939
21,674
------------
------------
Total assets less current liabilities
35,572
28,826
------------
------------
Net assets
35,572
28,826
------------
------------
With Box Limited
Statement of Financial Position (continued)
28 February 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
35,571
28,825
------------
------------
Shareholders funds
35,572
28,826
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 November 2023 , and are signed on behalf of the board by:
Mr P D Griffiths
Director
Company registration number: 07952934
With Box Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Littlecote Close, Bishops Cleeve, Cheltenham, GL52 8TH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2022
13,055
24,010
37,065
Additions
50
50
------------
------------
------------
At 28 February 2023
13,105
24,010
37,115
------------
------------
------------
Depreciation
At 1 March 2022
8,467
21,446
29,913
Charge for the year
928
641
1,569
------------
------------
------------
At 28 February 2023
9,395
22,087
31,482
------------
------------
------------
Carrying amount
At 28 February 2023
3,710
1,923
5,633
------------
------------
------------
At 28 February 2022
4,588
2,564
7,152
------------
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,003
356
Social security and other taxes
2,772
952
Other creditors
30,159
23,057
------------
------------
34,934
24,365
------------
------------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr P D Griffiths
( 20,340)
( 7,007)
( 27,347)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr P D Griffiths
( 13,534)
( 6,806)
( 20,340)
------------
------------
------------
8. Related party transactions
The company was under the control of Mr P D Griffiths during the current year and previous period. Mr Griffiths is the sole director and shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.