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Company Registration No. 09166526 (England and Wales)
Iwantabox Ltd Unaudited accounts for the year ended 31 August 2023
Iwantabox Ltd Unaudited accounts Contents
Page
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Iwantabox Ltd Company Information for the year ended 31 August 2023
Director
Kieron Slocombe
Company Number
09166526 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Iwantabox Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,548 
4,731 
Current assets
Investments
63,182 
98,182 
Cash at bank and in hand
4,586 
13,012 
67,768 
111,194 
Creditors: amounts falling due within one year
(214,152)
(194,111)
Net current liabilities
(146,384)
(82,917)
Total assets less current liabilities
(142,836)
(78,186)
Creditors: amounts falling due after more than one year
(36,301)
(41,545)
Net liabilities
(179,137)
(119,731)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(179,237)
(119,831)
Shareholders' funds
(179,137)
(119,731)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2024 and were signed on its behalf by
Kieron Slocombe Director Company Registration No. 09166526
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Iwantabox Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Iwantabox Ltd is a private company, limited by shares, registered in England and Wales, registration number 09166526. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Iwantabox Ltd Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
10,000 
At 31 August 2023
10,000 
Amortisation
At 1 September 2022
10,000 
At 31 August 2023
10,000 
Net book value
At 31 August 2023
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
14,849 
At 31 August 2023
14,849 
Depreciation
At 1 September 2022
10,118 
Charge for the year
1,183 
At 31 August 2023
11,301 
Net book value
At 31 August 2023
3,548 
At 31 August 2022
4,731 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
63,182 
98,182 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
213,970 
289,415 
Loans from directors
- 
(95,304)
Accruals
182 
- 
214,152 
194,111 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,301 
41,545 
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Iwantabox Ltd Notes to the Accounts for the year ended 31 August 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kieron Slocombe
Director Loan Account
95,304 
(123,922)
(28,618)
- 
95,304 
(123,922)
(28,618)
- 
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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