Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05812935 Mr James Mcadam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05812935 2023-05-31 05812935 2024-05-31 05812935 2023-06-01 2024-05-31 05812935 frs-core:CurrentFinancialInstruments 2024-05-31 05812935 frs-core:PlantMachinery 2024-05-31 05812935 frs-core:PlantMachinery 2023-06-01 2024-05-31 05812935 frs-core:PlantMachinery 2023-05-31 05812935 frs-core:ShareCapital 2024-05-31 05812935 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05812935 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05812935 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05812935 frs-bus:SmallEntities 2023-06-01 2024-05-31 05812935 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05812935 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05812935 frs-bus:Director1 2023-06-01 2024-05-31 05812935 frs-countries:EnglandWales 2023-06-01 2024-05-31 05812935 2022-05-31 05812935 2023-05-31 05812935 2022-06-01 2023-05-31 05812935 frs-core:CurrentFinancialInstruments 2023-05-31 05812935 frs-core:ShareCapital 2023-05-31 05812935 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05812935
What's In The Box Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05812935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,662 5,032
4,662 5,032
CURRENT ASSETS
Debtors 5 2,975 2,258
Cash at bank and in hand 2,631 1,580
5,606 3,838
Creditors: Amounts Falling Due Within One Year 6 (1,914 ) (2,647 )
NET CURRENT ASSETS (LIABILITIES) 3,692 1,191
TOTAL ASSETS LESS CURRENT LIABILITIES 8,354 6,223
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (886 ) (956 )
NET ASSETS 7,468 5,267
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 7,458 5,257
SHAREHOLDERS' FUNDS 7,468 5,267
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Mcadam
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
What's In The Box Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05812935 . The registered office is Homestead House, Tuesley Lane, Godalming, Surrey, GU7 1SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 16,973
Additions 1,667
Disposals (1,528 )
As at 31 May 2024 17,112
Depreciation
As at 1 June 2023 11,941
Provided during the period 1,555
Disposals (1,046 )
As at 31 May 2024 12,450
Net Book Value
As at 31 May 2024 4,662
As at 1 June 2023 5,032
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,175 858
Other debtors 1,800 1,400
2,975 2,258
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) 1
Other creditors 1,681 2,373
Taxation and social security 235 273
1,914 2,647
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 886 956
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £nil (2023 - £220) were due to the fund. They are included in Other Creditors.
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