Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-3112022-08-01Other food servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse1truefalse 12732696 2022-08-01 2023-07-31 12732696 2021-08-01 2022-07-31 12732696 2023-07-31 12732696 2022-07-31 12732696 c:Director1 2022-08-01 2023-07-31 12732696 d:CurrentFinancialInstruments 2023-07-31 12732696 d:CurrentFinancialInstruments 2022-07-31 12732696 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12732696 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12732696 d:ShareCapital 2023-07-31 12732696 d:ShareCapital 2022-07-31 12732696 d:RetainedEarningsAccumulatedLosses 2023-07-31 12732696 d:RetainedEarningsAccumulatedLosses 2022-07-31 12732696 c:FRS102 2022-08-01 2023-07-31 12732696 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12732696 c:FullAccounts 2022-08-01 2023-07-31 12732696 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12732696 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12732696










INSTABOX LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
INSTABOX LTD
REGISTERED NUMBER: 12732696

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,038
-

Cash at bank and in hand
  
-
4,008

Creditors: amounts falling due within one year
 5 
-
(734)

Total assets less current liabilities
  
 
 
3,038
 
 
3,274

  

Net assets
  
3,038
3,274


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,938
3,174

  
3,038
3,274


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2024.




M Mainiero
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
INSTABOX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Instabox Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 12732696). Its registered office is Unit 8, Gilroyd Lane, Dodworth, Barnsley, S75 3EJ. The principle activity of the company throughout the year continued to be that of the supply of recipe boxes via mail order. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 2

 
INSTABOX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as bank and cash balances, trade and other accounts receivable
and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at the transaction price and
subsequently at amortised cost using the effective interest method. Debt instruments that are payable
or receivable within one year, typically trade payables or receivables, are measured, initially and
subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or
received. However, if the arrangements of a short-term instrument constitute a financing transaction,
the financial asset or liability is measured, initially, at the present value of the future cash flow
discounted at a market rate of interest for a similar debt instrument and subsequently at amortised
cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022: 1).


4.


Debtors

2023
2022
£
£


Trade debtors
263
-

Other debtors
2,775
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
734


Page 3

 
INSTABOX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Related party transactions

During the year, goods totalling £NIL (2022: £1,536) were purchased from Delitalia Limited, a Company in which M Mainiero is also a Director. Balance totalling £NIL (2022: £NIL) was owed to Delitalia Limited at the balance sheet date. 

 
Page 4