Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07530487 Mrs Diane Shenton Miss Holly Shenton Mr Keith Shenton Mr Thomas Shenton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07530487 2023-02-28 07530487 2024-02-28 07530487 2023-03-01 2024-02-28 07530487 frs-core:CurrentFinancialInstruments 2024-02-28 07530487 frs-core:FurnitureFittings 2024-02-28 07530487 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07530487 frs-core:FurnitureFittings 2023-02-28 07530487 frs-core:MotorVehicles 2024-02-28 07530487 frs-core:MotorVehicles 2023-03-01 2024-02-28 07530487 frs-core:MotorVehicles 2023-02-28 07530487 frs-core:PlantMachinery 2024-02-28 07530487 frs-core:PlantMachinery 2023-03-01 2024-02-28 07530487 frs-core:PlantMachinery 2023-02-28 07530487 frs-core:ShareCapital 2024-02-28 07530487 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07530487 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07530487 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07530487 frs-bus:SmallEntities 2023-03-01 2024-02-28 07530487 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07530487 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07530487 frs-bus:Director1 2023-03-01 2024-02-28 07530487 frs-bus:Director2 2023-03-01 2024-02-28 07530487 frs-bus:Director3 2023-03-01 2024-02-28 07530487 frs-bus:Director4 2023-03-01 2024-02-28 07530487 frs-core:CurrentFinancialInstruments 1 2024-02-28 07530487 frs-countries:EnglandWales 2023-03-01 2024-02-28 07530487 2022-02-28 07530487 2023-02-28 07530487 2022-03-01 2023-02-28 07530487 frs-core:CurrentFinancialInstruments 2023-02-28 07530487 frs-core:ShareCapital 2023-02-28 07530487 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07530487 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 07530487
Boxes And Board International Limited
Financial Statements
For The Year Ended 28 February 2024
Hames Partnership Limited
Chartered Institute of Management Accountants (CIMA)
Stables End Court
Main Street
Market Bosworth
Warwickshire
CV13 0JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07530487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,632 23,401
18,632 23,401
CURRENT ASSETS
Stocks 5 16,500 15,000
Debtors 6 58,643 58,259
Cash at bank and in hand 28,895 8,404
104,038 81,663
Creditors: Amounts Falling Due Within One Year 7 (57,544 ) (25,933 )
NET CURRENT ASSETS (LIABILITIES) 46,494 55,730
TOTAL ASSETS LESS CURRENT LIABILITIES 65,126 79,131
NET ASSETS 65,126 79,131
CAPITAL AND RESERVES
Called up share capital 8 200 2
Profit and Loss Account 64,926 79,129
SHAREHOLDERS' FUNDS 65,126 79,131
Page 1
Page 2
For the year ending 28 February 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
Mrs Diane Shenton
Director
26/06/2024
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
Boxes And Board International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07530487 . The registered office is 19a The Nook, Anstey, Leicester, Leicestershire, LE7 7AZ.
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 20% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
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. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
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: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 29,265 19,087 1,750 50,102
Additions - - 488 488
As at 28 February 2024 29,265 19,087 2,238 50,590
Depreciation
As at 1 March 2023 17,255 8,352 1,094 26,701
Provided during the period 2,402 2,684 171 5,257
As at 28 February 2024 19,657 11,036 1,265 31,958
Net Book Value
As at 28 February 2024 9,608 8,051 973 18,632
As at 1 March 2023 12,010 10,735 656 23,401
5. Stocks
2024 2023
£ £
Stock 16,500 15,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,381 50,025
VAT 11,262 8,119
Other taxes and social security - 115
58,643 58,259
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,150 11,033
Corporation tax 18,730 7,381
Other taxes and social security 2,819 -
Pension 74 66
Accruals and deferred income 3,100 3,100
Directors' loan accounts 7,002 659
Amounts owed to associates 7,669 3,694
57,544 25,933
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 2
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