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 07638998 Mr David Box Mr Mark Box iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07638998 2023-05-31 07638998 2024-05-31 07638998 2023-06-01 2024-05-31 07638998 frs-core:CurrentFinancialInstruments 2024-05-31 07638998 frs-core:Non-currentFinancialInstruments 2024-05-31 07638998 frs-core:ComputerEquipment 2024-05-31 07638998 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07638998 frs-core:ComputerEquipment 2023-05-31 07638998 frs-core:FurnitureFittings 2024-05-31 07638998 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07638998 frs-core:FurnitureFittings 2023-05-31 07638998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 07638998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07638998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 07638998 frs-core:MotorVehicles 2024-05-31 07638998 frs-core:MotorVehicles 2023-06-01 2024-05-31 07638998 frs-core:MotorVehicles 2023-05-31 07638998 frs-core:PlantMachinery 2024-05-31 07638998 frs-core:PlantMachinery 2023-06-01 2024-05-31 07638998 frs-core:PlantMachinery 2023-05-31 07638998 frs-core:ShareCapital 2024-05-31 07638998 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07638998 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07638998 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07638998 frs-bus:SmallEntities 2023-06-01 2024-05-31 07638998 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07638998 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07638998 frs-bus:Director1 2023-06-01 2024-05-31 07638998 frs-bus:Director2 2023-06-01 2024-05-31 07638998 frs-countries:EnglandWales 2023-06-01 2024-05-31 07638998 2022-05-31 07638998 2023-05-31 07638998 2022-06-01 2023-05-31 07638998 frs-core:CurrentFinancialInstruments 2023-05-31 07638998 frs-core:Non-currentFinancialInstruments 2023-05-31 07638998 frs-core:ShareCapital 2023-05-31 07638998 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07638998
David Box Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
R Stride & Co LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07638998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 159,615 124,519
159,615 124,519
CURRENT ASSETS
Stocks 5 15,421 16,334
Debtors 6 13,662 -
Cash at bank and in hand 92,290 66,674
121,373 83,008
Creditors: Amounts Falling Due Within One Year 7 (91,393 ) (68,837 )
NET CURRENT ASSETS (LIABILITIES) 29,980 14,171
TOTAL ASSETS LESS CURRENT LIABILITIES 189,595 138,690
Creditors: Amounts Falling Due After More Than One Year 8 - (12,696 )
NET ASSETS 189,595 125,994
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 189,495 125,894
SHAREHOLDERS' FUNDS 189,595 125,994
Page 1
Page 2
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 David Box
Director
27th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
David Box Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07638998 . The registered office is Unit 4, Belle Vue Terrace, Black Swan Yard, Ripon, North Yorkshire, HG4 2QS.
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:
Freehold 0%
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 72,676 20,224 81,920 1,915
Additions - 83 63,068 -
As at 31 May 2024 72,676 20,307 144,988 1,915
Depreciation
As at 1 June 2023 - 13,723 37,471 1,315
Provided during the period - 988 26,879 90
As at 31 May 2024 - 14,711 64,350 1,405
Net Book Value
As at 31 May 2024 72,676 5,596 80,638 510
As at 1 June 2023 72,676 6,501 44,449 600
Computer Equipment Total
£ £
Cost
As at 1 June 2023 1,775 178,510
Additions - 63,151
As at 31 May 2024 1,775 241,661
Depreciation
As at 1 June 2023 1,482 53,991
Provided during the period 98 28,055
As at 31 May 2024 1,580 82,046
Net Book Value
As at 31 May 2024 195 159,615
As at 1 June 2023 293 124,519
Page 4
Page 5
5. Stocks
2024 2023
£ £
Materials 1,000 5,000
Work in progress 14,421 11,334
15,421 16,334
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,662 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 919
Bank loans and overdrafts 12,380 5,652
Other creditors 33,899 25,290
Taxation and social security 45,114 36,976
91,393 68,837
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 12,696
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr David Box 51,000 36,720
Mr Mark Box 49,000 35,280
Page 5