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 |