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REGISTERED NUMBER: 04347187 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BLUE BOX IT LIMITED

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE BOX IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr J N Palmer





REGISTERED OFFICE: Fox House
1 Fox Valley Way
Stocksbridge
Sheffield
South Yorkshire
S36 2AA





REGISTERED NUMBER: 04347187 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,918 34,980
Investments 5 300,452 300,452
345,370 335,432

CURRENT ASSETS
Stocks 13,862 7,357
Debtors 6 286,637 280,323
Cash at bank 14,926 33,530
315,425 321,210
CREDITORS
Amounts falling due within one year 7 560,586 477,408
NET CURRENT LIABILITIES (245,161 ) (156,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,209 179,234

CREDITORS
Amounts falling due after more than
one year

8

75,264

167,469
NET ASSETS 24,945 11,765

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 23,945 10,765
SHAREHOLDERS' FUNDS 24,945 11,765

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

BALANCE SHEET - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 for issue by the director and authorised for issue on 30 January 2024 and were signed by:





Mr J N Palmer - Director


BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Blue Box IT 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover is recognised to the extent that the company has obtained the right to consideration through performance of its contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of work performed.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

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.

Hire purchase and operating lease agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs
The company contributes towards employees personal pension schemes. The annual contributions payable are charged to the profit and loss account.

Financial instruments
Financial instruments are classed and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract the evidences a residual interest in the assets of the company after deducting all of its liabilities

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 8,280 25,795 87,696 121,771
Additions 6,161 - 15,424 21,585
At 30 June 2023 14,441 25,795 103,120 143,356
DEPRECIATION
At 1 July 2022 6,200 11,768 68,823 86,791
Charge for year 1,388 3,507 6,752 11,647
At 30 June 2023 7,588 15,275 75,575 98,438
NET BOOK VALUE
At 30 June 2023 6,853 10,520 27,545 44,918
At 30 June 2022 2,080 14,027 18,873 34,980

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 300,452
NET BOOK VALUE
At 30 June 2023 300,452
At 30 June 2022 300,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 165,784 165,293
Other debtors 44,352 43,722
Directors' current accounts 64,292 65,819
Prepayments 12,209 5,489
286,637 280,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans 93,465 95,632
Trade creditors 114,541 141,502
Corporation tax 15,894 2,250
Social security and other taxes 11,832 11,520
VAT 52,916 35,333
Other creditors 214,432 144,167
Accruals and deferred income 57,506 47,004
560,586 477,408

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans - 1-2 years 75,264 167,469

BLUE BOX IT LIMITED (REGISTERED NUMBER: 04347187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Invoice finance account 39,139 51,531

The invoice finance creditor is secured against the trade debtors to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
250 A Ordinary £1 250 250
250 B Ordinary £1 250 250
250 C Ordinary £1 250 250
250 D Ordinary £1 250 250
1,000 1,000