Company registration number 13391926 (England and Wales)
BOX LITHO GROUP LIMITED
Unaudited Financial Statements
for the Year Ended 31 March 2023
BOX LITHO GROUP LIMITED
Contents
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
BOX LITHO GROUP LIMITED
Company Information
- 1 -
Directors
Mrs M K Evans
Mr N D Griffiths
Mr M Howchin
Mr C A Owen
Mr L G Rasmussen
Company number
13391926
Registered office
Woodforce House
Goat Mill Road
Dowlais
Merthyr Tydfil
CF48 3TD
Accountants
Mitchell Meredith Limited
The Business Park
Triangle Business Centre
Merthyr Tydfil
CF48 4TQ
BOX LITHO GROUP LIMITED
Balance Sheet
As at 31 March 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
2,000,000
2,000,000
Current assets
Cash at bank and in hand
5,960
68,492
Creditors: amounts falling due within one year
5
(552,998)
(211,201)
Net current liabilities
(547,038)
(142,709)
Total assets less current liabilities
1,452,962
1,857,291
Creditors: amounts falling due after more than one year
6
(707,848)
(979,684)
Net assets
745,114
877,607
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss reserves
645,114
777,607
Total equity
745,114
877,607
BOX LITHO GROUP LIMITED
Balance Sheet
As at 31 March 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
Mrs M K Evans
Director
Company Registration No. 13391926
BOX LITHO GROUP LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2023
- 4 -
1
Accounting policies
Company information

Box Litho Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Woodforce House, Goat Mill Road, Dowlais, Merthyr Tydfil, CF48 3TD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

BOX LITHO GROUP LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2023
1
Accounting policies
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
2,000,000
2,000,000
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2023 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Box Litho Limited
Woodforce House, Goat Mill Road, Merthyr Tydfil, CF48 3TD
Manufacturing boxes
Ordinary
100.00

 

Other creditors includes a loan from the subsidiary company, Box Litho Ltd. It is an unsecured interest free loan. The carrying amount at period end is £250,000 (2022 - nil)

5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,583
4,634
Other creditors
546,415
206,567
552,998
211,201
BOX LITHO GROUP LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2023
- 6 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
707,848
979,684
7
Loans and overdrafts
2023
2022
£
£
Other loans
1,003,663
1,185,651
Payable within one year
295,815
205,967
Payable after one year
707,848
979,684

Loan from Mr G Griffiths and Ms D Dewe is denominated in GBP with a nominal interest rate of 3%, and the final instalment is due on 31 July 2029. The carrying amount at period end is £1,003,663 (2022 - £1,185,651).

 

2023-03-312022-06-01false24 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMrs M K EvansMr N D GriffithsMr M HowchinMr C A OwenMr L G Rasmussenfalse133919262022-06-012023-03-3113391926bus:Director12022-06-012023-03-3113391926bus:Director22022-06-012023-03-3113391926bus:Director32022-06-012023-03-3113391926bus:Director42022-06-012023-03-3113391926bus:Director52022-06-012023-03-3113391926bus:RegisteredOffice2022-06-012023-03-31133919262023-03-31133919262022-05-3113391926core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113391926core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3113391926core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3113391926core:Non-currentFinancialInstrumentscore:AfterOneYear2022-05-3113391926core:CurrentFinancialInstruments2023-03-3113391926core:CurrentFinancialInstruments2022-05-3113391926core:ShareCapital2023-03-3113391926core:ShareCapital2022-05-3113391926core:RetainedEarningsAccumulatedLosses2023-03-3113391926core:RetainedEarningsAccumulatedLosses2022-05-31133919262021-05-122022-05-311339192612022-06-012023-03-3113391926core:Non-currentFinancialInstruments2023-03-3113391926core:Non-currentFinancialInstruments2022-05-3113391926bus:PrivateLimitedCompanyLtd2022-06-012023-03-3113391926bus:SmallCompaniesRegimeForAccounts2022-06-012023-03-3113391926bus:FRS1022022-06-012023-03-3113391926bus:AuditExemptWithAccountantsReport2022-06-012023-03-3113391926bus:FullAccounts2022-06-012023-03-31xbrli:purexbrli:sharesiso4217:GBP