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COMPANY REGISTRATION NUMBER: 4374437
Box Smart Advertising Ltd
Filleted Unaudited Financial Statements
31 July 2023
Box Smart Advertising Ltd
Financial Statements
Year ended 31 July 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Box Smart Advertising Ltd
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Debtors
4
303,999
303,999
Cash at bank and in hand
7
---------
---------
304,006
303,999
Creditors: amounts falling due within one year
5
( 214,786)
( 214,695)
---------
---------
Net current assets
89,220
89,304
--------
--------
Total assets less current liabilities
89,220
89,304
--------
--------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
89,120
89,204
--------
--------
Shareholders funds
89,220
89,304
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 February 2024 , and are signed on behalf of the board by:
Mr D.L. Todd
Director
Company registration number: 4374437
Box Smart Advertising Ltd
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 3 Sovereign House, Nelson Quay, Milford Marina, Milford Haven, Pembrokeshire, SA73 3AJ.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2023
2022
£
£
Other debtors
303,999
303,999
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts (secured)
3
Trade creditors
1,321
1,321
Other creditors
213,465
213,371
---------
---------
214,786
214,695
---------
---------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Related party transactions
The company was under the control of Mr D.L. Todd , the managing director, throughout the current and previous year by virtue of his 100% shareholding in the ordinary share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.