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Registration number: 07758233

Daveboxtv Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Daveboxtv Limited

Contents

Company Information

1

Balance sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Daveboxtv Limited

Company Information

Directors

D G Box

J A Box

Company secretary

J A Box

Registered office

79A High Street
Teddington
Middlesex
TW11 8HG

Accountants

Harmer Slater Limited
79a High Street
Teddington
Middlesex
TW11 8HG

 

Daveboxtv Limited

(Registration number: 07758233)
Balance sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

7,909

1,793

Cash at bank and in hand

 

5,572

9,070

 

13,481

10,863

Creditors: Amounts falling due within one year

7

(5,121)

(3,792)

Net assets

 

8,360

7,071

Share capital and reserves

 

Called up share capital

8

2

2

Retained earnings

8

8,358

7,069

Total equity

 

8,360

7,071

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and loss account.

The financial statements of Daveboxtv Limited were approved and authorised for issue by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................

D G Box
Director

 

Daveboxtv Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

1

General information

Daveboxtv Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Judgements and key sources of estimation uncertainties

There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

 

Daveboxtv Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, fixtures and fittings

5 years straight line basis

Computer equipment

3 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Daveboxtv Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Taxation

Tax charged/(credited) in the income statement

2023
£

2022
£

Current taxation

UK corporation tax

322

(605)

Deferred tax

5

Tangible fixed assets

Furniture, fittings and equipment
 £

Computer equipment
£

Total
£

Cost

At 1 September 2022

650

12,247

12,897

At 31 August 2023

650

12,247

12,897

Depreciation

At 1 September 2022

650

12,247

12,897

At 31 August 2023

650

12,247

12,897

Carrying amount

At 31 August 2023

-

-

-

 

Daveboxtv Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

6

Debtors

2023
£

2022
£

Trade receivables

7,626

1,188

Other debtors

283

605

7,909

1,793

7

Creditors

2023
£

2022
£

Due within one year

Trade payables

-

108

Social security and other taxes

2,479

1,366

Other creditors

1,004

692

Accrued expenses

1,638

1,626

5,121

3,792

Other creditors include £68 (2021: £68) owed to director, D G Box .

8

Share capital and reserves

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

The company has one class of share capital which carries no right to fixed income.

Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.