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REGISTERED NUMBER: 08272420 (England and Wales)












BOXING CLEVER SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOXING CLEVER SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr JHW Pope
Mrs H Pope





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 08272420 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,219 9,300
8,219 9,300

CURRENT ASSETS
Stocks 6 9,680 9,050
Debtors 7 15,257 29,663
Cash at bank - 11,572
24,937 50,285
CREDITORS
Amounts falling due within one year 8 57,571 43,469
NET CURRENT (LIABILITIES)/ASSETS (32,634 ) 6,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,415

)

16,116

CREDITORS
Amounts falling due after more than one
year

9

(31,594

)

(44,601

)

PROVISIONS FOR LIABILITIES 10 (1,562 ) (1,767 )
NET LIABILITIES (57,571 ) (30,252 )

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 (58,571 ) (31,252 )
SHAREHOLDERS' FUNDS (57,571 ) (30,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Mr JHW Pope - Director


BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Boxing Clever Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of goods and services excluding value added tax. Turnover is recognised at the earlier of monies received or invoice being raised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 284,490
AMORTISATION
At 1 November 2022
and 31 October 2023 284,490
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 12,580 6,290 2,704 21,574
Additions - - 1,893 1,893
At 31 October 2023 12,580 6,290 4,597 23,467
DEPRECIATION
At 1 November 2022 5,501 4,370 2,403 12,274
Charge for year 1,770 480 724 2,974
At 31 October 2023 7,271 4,850 3,127 15,248
NET BOOK VALUE
At 31 October 2023 5,309 1,440 1,470 8,219
At 31 October 2022 7,079 1,920 301 9,300

6. STOCKS
31.10.23 31.10.22
£    £   
Work in progress 9,680 9,050

BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,696 23,932
Corporation tax refundable 3,297 3,297
VAT - 360
Prepayments 2,264 2,074
15,257 29,663

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,867 -
Trade creditors 27,102 40,334
Social security and other taxes 1,427 1,172
VAT 2,366 -
Directors' current accounts 16,109 263
Accrued expenses 1,700 1,700
57,571 43,469

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bounceback Loan 29,921 39,677
Hire purchase contracts 1,673 4,924
31,594 44,601

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bounceback Loan 29,921 39,677

10. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 1,562 1,767

Deferred
tax
£   
Balance at 1 November 2022 1,767
Provided during year (205 )
Accelerated allowances
Balance at 31 October 2023 1,562

BOXING CLEVER SOLUTIONS LIMITED (REGISTERED NUMBER: 08272420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
700 Ordinary ' A ' £1 700 700
300 Ordinary ' B ' Non voting £1 300 300
1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 November 2022 (31,252 )
Deficit for the year (27,319 )
At 31 October 2023 (58,571 )

13. CONTROLLING PARTY

The controlling party is Mr JHW Pope.