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Company Registration No. 13006994 (England and Wales)
Out The Box UD Ltd Unaudited accounts for the year ended 30 November 2023
Out The Box UD Ltd Unaudited accounts Contents
Page
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Out The Box UD Ltd Company Information for the year ended 30 November 2023
Director
Neal Penfold
Company Number
13006994 (England and Wales)
Registered Office
3 Bonchester Close Chislehurst BR7 5HS England
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Out The Box UD Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
909 
1,454 
Current assets
Debtors
25,874 
13,447 
Cash at bank and in hand
2,995 
6,026 
28,869 
19,473 
Creditors: amounts falling due within one year
(10,847)
(7,628)
Net current assets
18,022 
11,845 
Net assets
18,931 
13,299 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,930 
13,298 
Shareholders' funds
18,931 
13,299 
For the year ending 30 November 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2024 and were signed on its behalf by
Neal Penfold Director Company Registration No. 13006994
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Out The Box UD Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Out The Box UD Ltd is a private company, limited by shares, registered in England and Wales, registration number 13006994. The registered office is 3 Bonchester Close, Chislehurst, BR7 5HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Out The Box UD Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
724 
1,456 
2,180 
At 30 November 2023
724 
1,456 
2,180 
Depreciation
At 1 December 2022
354 
372 
726 
Charge for the year
181 
364 
545 
At 30 November 2023
535 
736 
1,271 
Net book value
At 30 November 2023
189 
720 
909 
At 30 November 2022
370 
1,084 
1,454 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,550 
750 
Other debtors
23,324 
12,697 
25,874 
13,447 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
178 
1,089 
Taxes and social security
2,038 
6,539 
Loans from directors
8,631 
- 
10,847 
7,628 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
The Director is a related party of the company. The loan owed to the Director, Neal Penfold, is unsecured, interest-free and carries no fixed terms of repayment (note 7). Out The Box UD Ltd and Out The Box Development Ltd are related parties by virtue of having a Director in common. During the year Out The Box UD Ltd incurred expenses on behalf of Out The Box Development Ltd and as at the year-end date Out The Box Development Ltd owed Out The Box UD Ltd £23,324 (2022: £12,697). Amounts owed to related parties are unsecured, interest-free and have no fixed terms of repayment.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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