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REGISTERED NUMBER: 06471949 (England and Wales)















B4BOX LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






B4BOX LTD (REGISTERED NUMBER: 06471949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B4BOX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A McDonnell
P J Nicolson
M Dickinson





SECRETARY: A McDonnell





REGISTERED OFFICE: B4Box Community College
Wharf Street
Stockport
SK4 1UD





REGISTERED NUMBER: 06471949 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

B4BOX LTD (REGISTERED NUMBER: 06471949)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 6,454 8,330

CURRENT ASSETS
Inventories 25,000 27,000
Debtors 5 67,734 207,990
Cash at bank and in hand 896,376 710,455
989,110 945,445
CREDITORS
Amounts falling due within one year 6 (174,597 ) (394,256 )
NET CURRENT ASSETS 814,513 551,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,967

559,519

CAPITAL AND RESERVES
Called up share capital 11,429 11,429
Share premium 48,571 48,571
Retained earnings 760,967 499,519
SHAREHOLDERS' FUNDS 820,967 559,519

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

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

B4BOX LTD (REGISTERED NUMBER: 06471949)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 21 February 2024 and were signed on its behalf by:





A McDonnell - Director


B4BOX LTD (REGISTERED NUMBER: 06471949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

B4Box Ltd is a private company, limited by shares, registered in England and Wales, registration number 06471949. The registered office is B4Box Community College, Wharf Street, Stockport, SK4 1UD.

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
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

Making judgement based on the level of work carried out and historical experience on the level of unbilled amounts recoverable on contracts.

Revenue
In respect of long term contracts and contracts for ongoing services, revenue represents the value of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Grant income is recognised when all of the criteria for fulfilling the terms of the grant have been fulfilled.

Any unbilled revenue is recognised in amounts recoverable on contracts.

Property plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc- 33% on reducing balance, 25% on reducing balance, 15% on reducing
balance and 10% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Inventories
Inventories and work in progress are stated at the lower of cost and net realisable value, after making allowances for obsolete and slow moving items. The cost comprises of actual purchase price. Net realisable value is estimated selling price less costs to complete and sell.

B4BOX LTD (REGISTERED NUMBER: 06471949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

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 the income statement in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight-line basis over the period of the lease.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2022 - 79 ) .

B4BOX LTD (REGISTERED NUMBER: 06471949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. PROPERTY PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 63,301
DEPRECIATION
At 1 June 2022 54,971
Charge for year 1,876
At 31 May 2023 56,847
NET BOOK VALUE
At 31 May 2023 6,454
At 31 May 2022 8,330

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,128 34,501
Amounts recoverable on contracts 10,000 80,000
Other debtors 32,606 93,489
67,734 207,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,616 255,195
Taxation and social security 40,619 123,462
Other creditors 119,362 15,599
174,597 394,256

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 2,332