Registered number
13475188
On the Box Pay Ltd
Filleted Accounts
30 June 2023
On the Box Pay Ltd
Registered number: 13475188
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 332,334 43,362
Cash at bank and in hand 143,555 6,108
475,889 49,470
Creditors: amounts falling due within one year 4 (514,327) (66,571)
Net current liabilities (38,438) (17,101)
Net liabilities (38,438) (17,101)
Capital and reserves
Called up share capital 1 1
Profit and loss account (38,439) (17,102)
Shareholder's funds (38,438) (17,101)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Sharma
Director
Approved by the board on 29 March 2024
On the Box Pay Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 228,109 43,362
Other debtors 104,225 -
332,334 43,362
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to connected undertakings 122,953 42,916
Taxation and social security costs 378,695 11,453
Other creditors 12,679 12,202
514,327 66,571
5 Related party transactions
The company acts on behalf of and is an agent of Librada Ltd, a company incorporated and based in Cyprus. On The Box Pay Ltd incurred its own expenses during the year, however it has not received any income. As at the Balance Sheet date, the company owed Librada Ltd £122,953 (2022: £42,916). These transactions were at arm's length and no interest is due on the outstanding amount.
6 Controlling party
The director controls the company.
7 Other information
On the Box Pay Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 Britannia Drive
Beggarwood
Basingstoke
Hampshire
RG22 4FW
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