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REGISTERED NUMBER: 08468492 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Bluebox Finishing Ltd

Bluebox Finishing Ltd (Registered number: 08468492)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bluebox Finishing Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K Kerr-Morgan
L McCluskey





REGISTERED OFFICE: Unit 8 Redesdale Court
Riverside Park Ind. Estate
Middlesbrough
TS2 1RL





REGISTERED NUMBER: 08468492 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Bluebox Finishing Ltd (Registered number: 08468492)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 475 2,003
Investments 4 25,450 25,450
25,925 27,453

CURRENT ASSETS
Stocks 5 8,640 3,584
Debtors 6 381,572 415,045
Cash at bank 29,729 40,756
419,941 459,385
CREDITORS
Amounts falling due within one year 7 (336,811 ) (392,565 )
NET CURRENT ASSETS 83,130 66,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,055

94,273

CREDITORS
Amounts falling due after more than one year 8 (21,667 ) (31,667 )
NET ASSETS 87,388 62,606

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 87,186 62,404
SHAREHOLDERS' FUNDS 87,388 62,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Bluebox Finishing Ltd (Registered number: 08468492)

Balance Sheet - continued
31 March 2023


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 30 January 2024 and were signed on its behalf by:





K Kerr-Morgan - Director


Bluebox Finishing Ltd (Registered number: 08468492)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Bluebox Finishing Ltd (Registered number: 08468492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 387 19,108 5,373 24,868
DEPRECIATION
At 1 April 2022 387 18,199 4,279 22,865
Charge for year - 909 619 1,528
At 31 March 2023 387 19,108 4,898 24,393
NET BOOK VALUE
At 31 March 2023 - - 475 475
At 31 March 2022 - 909 1,094 2,003

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 25,450
NET BOOK VALUE
At 31 March 2023 25,450
At 31 March 2022 25,450

5. STOCKS
2023 2022
£    £   
Work-in-progress 8,640 3,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 372,906 351,183
Directors' current accounts - 60,977
VAT 6,935 1,431
Prepayments and accrued income 1,731 1,454
381,572 415,045

Bluebox Finishing Ltd (Registered number: 08468492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) - 2,206
Trade creditors 56,424 92,804
Corporation tax 23,097 5,221
Social security and other tax 3,347 3,969
Other creditors 145 145
Directors' current accounts 242 4,861
Accruals and deferred income 243,556 273,359
336,811 392,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 2,206

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
L McCluskey
Balance outstanding at start of year (4,861 ) 59,605
Amounts advanced 82,673 27,600
Amounts repaid (77,812 ) (92,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (4,861 )

Bluebox Finishing Ltd (Registered number: 08468492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

K Kerr-Morgan
Balance outstanding at start of year 60,977 -
Amounts advanced 59,371 120,928
Amounts repaid (120,590 ) (59,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (242 ) 60,977