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
Out The Box UD Ltd
Company Information
for the year ended 30 November 2023
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
Out The Box UD Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,995
6,026
Creditors: amounts falling due within one year
(10,847)
(7,628)
Net current assets
18,022
11,845
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
Out The Box UD Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
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.
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.
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
At 1 December 2022
354
372
726
Charge for the year
181
364
545
At 30 November 2023
535
736
1,271
At 30 November 2023
189
720
909
At 30 November 2022
370
1,084
1,454
Amounts falling due within one year
Other debtors
23,324
12,697
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,038
6,539
Loans from directors
8,631
-
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).