Registered number
08057652
Boxomusic Productions Ltd
Filleted Accounts
31 May 2023
Boxomusic Productions Ltd
Registered number: 08057652
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 811 1,082
Current assets
Debtors 4 - (14,919)
Cash at bank and in hand 432 20
432 (14,899)
Creditors: amounts falling due within one year 6 (34,727) (15,025)
Net current liabilities (34,295) (29,924)
Net liabilities (33,484) (28,842)
Capital and reserves
Called up share capital 10 10
Profit and loss account (33,494) (28,852)
Shareholders' funds (33,484) (28,842)
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
M Mohajane
Director
Approved by the board on 20 December 2023
Boxomusic Productions Ltd
Notes to the Accounts
for the year ended 31 May 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A tax liability is recognised for the tax payable on the taxable profit of past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 4,694
At 31 May 2023 4,694
Depreciation
At 1 June 2022 3,612
Charge for the year 271
At 31 May 2023 3,883
Net book value
At 31 May 2023 811
At 31 May 2022 1,082
4 Debtors 2023 2022
£ £
Director's loan account - (14,919)
5 Taxation losses
Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade of approximately £7,000.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 34,727 15,025
7 Other information
Boxomusic Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 4 141 Dartmouth Road
London
NW2 4EN
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