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REGISTERED NUMBER: 07388212 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Dbox Limited

Dbox Limited (Registered number: 07388212)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dbox Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M R Gleghorn
T R Russell-Netherton
C T Klaassen





SECRETARY:





REGISTERED OFFICE: 55 Kentish Town Road
Camden Town
London
NW1 8NX





REGISTERED NUMBER: 07388212 (England and Wales)





ACCOUNTANTS: Mansfield & Co
55 Kentish Town Road
Camden Town
London
NW1 8NX

Dbox Limited (Registered number: 07388212)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,411 38,459
Investments 5 8,310 8,310
50,721 46,769

CURRENT ASSETS
Debtors 6 258,278 172,960
Cash at bank 117,825 112,249
376,103 285,209
CREDITORS
Amounts falling due within one year 7 239,349 186,827
NET CURRENT ASSETS 136,754 98,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,475

145,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,375 145,051
SHAREHOLDERS' FUNDS 187,475 145,151

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

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

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 6 April 2024 and were signed on its behalf by:




M R Gleghorn - Director


Dbox Limited (Registered number: 07388212)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Dbox 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Dbox Limited (Registered number: 07388212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 395,219
Additions 17,844
At 31 December 2023 413,063
DEPRECIATION
At 1 January 2023 356,760
Charge for year 13,892
At 31 December 2023 370,652
NET BOOK VALUE
At 31 December 2023 42,411
At 31 December 2022 38,459

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 8,310
NET BOOK VALUE
At 31 December 2023 8,310
At 31 December 2022 8,310

Company - subsidiary undertaking:

Dbox KFT - £8,310

Nature of business - branding and creative agency

The holding in the subsidiary represents 100% of the issued share capital which comprises of 1
share of 3 million Hungarian Forint.

The subsidiary company is registered in Hungary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 121,716 72,228
Other debtors 136,562 100,732
258,278 172,960

Dbox Limited (Registered number: 07388212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 757
Trade creditors 123,898 87,657
Taxation and social security 57,046 8,422
Other creditors 58,405 89,991
239,349 186,827

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other debtors includes unsecured loans of £39,350 to M Gleghorn who is a director of the company. Interest is payable on the loan at the rate of 3.25% per annum.

9. HOLDING COMPANY

The company is a subsidiary of Dbox Incorporated a company incorporated in the United States of America. Dbox Incorporated owns 72.72% of the share capital of Dbox Limited.