Company Registration No. 09166526 (England and Wales)
Iwantabox Ltd
Unaudited accounts
for the year ended 31 August 2023
Iwantabox Ltd
Unaudited accounts
Contents
Iwantabox Ltd
Company Information
for the year ended 31 August 2023
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
Iwantabox Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
3,548
4,731
Cash at bank and in hand
4,586
13,012
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)
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
Iwantabox Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
Iwantabox Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill
At 1 September 2022
10,000
At 1 September 2022
10,000
5
Tangible fixed assets
Computer equipment
At 1 September 2022
14,849
At 1 September 2022
10,118
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)
8
Creditors: amounts falling due after more than one year
2023
2022
Iwantabox Ltd
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).