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REGISTERED NUMBER: 11096912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRIGHT BOX MAKERSPACE

BRIGHT BOX MAKERSPACE (REGISTERED NUMBER: 11096912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRIGHT BOX MAKERSPACE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L R Bradley
K R Rodgers
A Bhupal





REGISTERED OFFICE: Digital Media Centre
County Way
Attn Brightbox
Barnsley
S70 2JW





REGISTERED NUMBER: 11096912 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

BRIGHT BOX MAKERSPACE (REGISTERED NUMBER: 11096912)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,684 10,587

CURRENT ASSETS
Debtors 5 22,634 14,986
Cash at bank and in hand 40,907 123,057
63,541 138,043
CREDITORS
Amounts falling due within one year 6 30,753 87,301
NET CURRENT ASSETS 32,788 50,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,472

61,329

PROVISIONS FOR LIABILITIES 1,460 2,012
NET ASSETS 39,012 59,317

RESERVES
Income and expenditure account 7 39,012 59,317
MEMBERS' FUNDS 39,012 59,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:




L R Bradley - Director


BRIGHT BOX MAKERSPACE (REGISTERED NUMBER: 11096912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bright Box Makerspace is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset ClassDepreciation method and rate
Fixtures, fittings and equipment20% reducing balance
Computer equipmentStraight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 11 ) .

BRIGHT BOX MAKERSPACE (REGISTERED NUMBER: 11096912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,235 15,613 16,848
Additions 1,905 613 2,518
Disposals (123 ) (2,135 ) (2,258 )
At 31 December 2023 3,017 14,091 17,108
DEPRECIATION
At 1 January 2023 721 5,540 6,261
Charge for year 379 2,784 3,163
At 31 December 2023 1,100 8,324 9,424
NET BOOK VALUE
At 31 December 2023 1,917 5,767 7,684
At 31 December 2022 514 10,073 10,587

Included in fixed assets are the following items purchased with grant money:-

CostDepreciation
£   to date £
Fixtures, fittings and equipment11985
Computer equipment3,2413,241





5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,369 12,357
Other debtors 19,265 2,629
22,634 14,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 128 -
Taxation and social security 4,038 13,174
Other creditors 26,587 74,127
30,753 87,301

Deferred Income
Included in other creditors is deferred income of £12,872 (2022 : £60.240).

BRIGHT BOX MAKERSPACE (REGISTERED NUMBER: 11096912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. RESERVES
Income
and
expenditure
account
£   

At 1 January 2023 59,317
Deficit for the year (20,305 )
At 31 December 2023 39,012

8. LIMITED BY GUARANTEE

The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while they are a member or within one year after they cease to be a member for:-

(a) payment of the company's debts and liabilities contracted before they cease to be a member,
(b) payment of the costs, charges and expense of winding up, and
(c) adjustment of the rights of the contibutories among themselves.