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Registration number: 12252031

UKCHOCBOX Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2022

 

UKCHOCBOX Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

UKCHOCBOX Limited

Company Information

Director

Jamilla Dickens

Registered office

1 Treforris Road
Dwygyfylchi
Penmaenmawr
LL34 6UB

Accountants

Phil Owen & Co Limited
Chartered Accountant
22 Pall Mall
Liverpool
Merseyside
L3 6AL

 

UKCHOCBOX Limited

(Registration number: 12252031)
Balance Sheet as at 31 October 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

62,663

48,172

Cash at bank and in hand

 

3,969

12,969

 

66,632

61,141

Creditors: Amounts falling due within one year

5

(37,800)

(9,930)

Total assets less current liabilities

 

28,832

51,211

Creditors: Amounts falling due after more than one year

5

(41,871)

(46,817)

Net (liabilities)/assets

 

(13,039)

4,394

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(13,040)

4,393

Shareholders' (deficit)/funds

 

(13,039)

4,394

For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 February 2024
 

.........................................
Jamilla Dickens
Director

 

UKCHOCBOX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Treforris Road
Dwygyfylchi
Penmaenmawr
LL34 6UB
Wales

These financial statements were authorised for issue by the director on 29 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

UKCHOCBOX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

UKCHOCBOX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2021 - 5).

4

Debtors

Current

2022
£

2021
£

Other debtors

62,663

48,172

 

UKCHOCBOX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

13,990

9,930

Other creditors

23,810

-

37,800

9,930

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

41,871

46,817

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

7

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

41,871

46,817

 

UKCHOCBOX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

8

Related party transactions

Transactions with the director

2022

At 1 November 2021
£

At 31 October 2022
£

Jamilla Dickens

48,172

48,172

     
   

 

2021

At 1 November 2020
£

Repayments by director
£

At 31 October 2021
£

Jamilla Dickens

76,983

(28,811)

48,172

       
     

 

Director's remuneration

The director's remuneration for the year was as follows:

2022
£

2021
£

Remuneration

-

5,200