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 02088491 Mr Clive Webb Mrs Beverley Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02088491 2023-02-28 02088491 2024-02-28 02088491 2023-03-01 2024-02-28 02088491 frs-core:CurrentFinancialInstruments 2024-02-28 02088491 frs-core:ComputerEquipment 2024-02-28 02088491 frs-core:ComputerEquipment 2023-03-01 2024-02-28 02088491 frs-core:ComputerEquipment 2023-02-28 02088491 frs-core:FurnitureFittings 2024-02-28 02088491 frs-core:FurnitureFittings 2023-03-01 2024-02-28 02088491 frs-core:FurnitureFittings 2023-02-28 02088491 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 02088491 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 02088491 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 02088491 frs-core:MotorVehicles 2024-02-28 02088491 frs-core:MotorVehicles 2023-03-01 2024-02-28 02088491 frs-core:MotorVehicles 2023-02-28 02088491 frs-core:WithinOneYear 2024-02-28 02088491 frs-core:ShareCapital 2024-02-28 02088491 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 02088491 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 02088491 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 02088491 frs-bus:SmallEntities 2023-03-01 2024-02-28 02088491 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 02088491 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 02088491 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 02088491 frs-bus:OrdinaryShareClass1 2024-02-28 02088491 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-28 02088491 frs-bus:OrdinaryShareClass2 2024-02-28 02088491 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-28 02088491 frs-bus:OrdinaryShareClass3 2024-02-28 02088491 frs-core:ListedExchangeTraded 2024-02-28 02088491 frs-core:ListedExchangeTraded 2023-02-28 02088491 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 02088491 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-28 02088491 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 02088491 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-28 02088491 frs-bus:Director1 2023-03-01 2024-02-28 02088491 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 02088491 frs-countries:EnglandWales 2023-03-01 2024-02-28 02088491 2022-02-28 02088491 2023-02-28 02088491 2022-03-01 2023-02-28 02088491 frs-core:CurrentFinancialInstruments 2023-02-28 02088491 frs-core:WithinOneYear 2023-02-28 02088491 frs-core:ShareCapital 2023-02-28 02088491 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 02088491 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 02088491 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28 02088491 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28
Registered number: 02088491
Boxshop Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Haines and Company
Chartered Certified Accountants
Rear Of 81 High Street
Wallingford
Oxfordshire
OX10 0BX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02088491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 204,241 222,916
Investments 5 237 237
204,478 223,153
CURRENT ASSETS
Stocks 6 28,806 25,297
Debtors 7 122,141 87,401
Cash at bank and in hand 152,623 246,794
303,570 359,492
Creditors: Amounts Falling Due Within One Year 8 (102,432 ) (101,444 )
NET CURRENT ASSETS (LIABILITIES) 201,138 258,048
TOTAL ASSETS LESS CURRENT LIABILITIES 405,616 481,201
NET ASSETS 405,616 481,201
CAPITAL AND RESERVES
Called up share capital 10 98 98
Profit and Loss Account 405,518 481,103
SHAREHOLDERS' FUNDS 405,616 481,201
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 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 Clive Webb
Director
29th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Boxshop Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02088491 . The registered office is Rear Of 81 High Street, Wallingford, Oxfordshire, OX10 0BX.
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 Not depreciated
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. 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.
2.6. 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 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.
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 asset reflects 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: 12 (2023: 12)
12 12
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 164,079 168,342 10,261 15,099 357,781
Additions - - - 2,613 2,613
Disposals - (42,676 ) - - (42,676 )
As at 28 February 2024 164,079 125,666 10,261 17,712 317,718
Depreciation
As at 1 March 2023 - 114,383 9,070 11,412 134,865
...CONTINUED
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Page 5
Provided during the period - 12,382 397 1,705 14,484
Disposals - (35,872 ) - - (35,872 )
As at 28 February 2024 - 90,893 9,467 13,117 113,477
Net Book Value
As at 28 February 2024 164,079 34,773 794 4,595 204,241
As at 1 March 2023 164,079 53,959 1,191 3,687 222,916
5. Investments
Listed
£
Cost
As at 1 March 2023 16,090
As at 28 February 2024 16,090
Provision
As at 1 March 2023 15,853
As at 28 February 2024 15,853
Net Book Value
As at 28 February 2024 237
As at 1 March 2023 237
6. Stocks
2024 2023
£ £
Materials 28,806 25,297
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,904 82,060
Other debtors 9,237 5,341
122,141 87,401
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,842 4,925
Trade creditors 32,719 38,034
Other creditors 14,453 11,840
Taxation and social security 53,418 46,645
102,432 101,444
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,842 4,925
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 0.00000 each - 98
4,901 Ordinary A shares of £ 0.01000 each 49 -
4,898 Ordinary B shares of £ 0.01000 each 49 -
98 98
Shares issued during the period: £
4,901 Ordinary A shares of £ 0.01000 each 49
4,899 Ordinary B shares of £ 0.01000 each 49
98
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