IRIS Accounts Production v24.2.0.383 08250305 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082503052023-03-31082503052024-03-31082503052023-04-012024-03-31082503052022-03-31082503052022-04-012023-03-31082503052023-03-3108250305ns14:PoundSterling2023-04-012024-03-3108250305ns10:Director12023-04-012024-03-3108250305ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108250305ns10:SmallEntities2023-04-012024-03-3108250305ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108250305ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108250305ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108250305ns10:FullAccounts2023-04-012024-03-3108250305ns10:Director42023-04-012024-03-3108250305ns10:CompanySecretary12023-04-012024-03-3108250305ns10:RegisteredOffice2023-04-012024-03-3108250305ns5:CurrentFinancialInstruments2024-03-3108250305ns5:CurrentFinancialInstruments2023-03-3108250305ns5:ShareCapital2024-03-3108250305ns5:ShareCapital2023-03-3108250305ns5:SharePremium2024-03-3108250305ns5:SharePremium2023-03-3108250305ns5:CapitalRedemptionReserve2024-03-3108250305ns5:CapitalRedemptionReserve2023-03-3108250305ns5:RetainedEarningsAccumulatedLosses2024-03-3108250305ns5:RetainedEarningsAccumulatedLosses2023-03-3108250305ns5:PlantMachinery2023-04-012024-03-3108250305ns5:FurnitureFittings2023-04-012024-03-3108250305ns5:MotorVehicles2023-04-012024-03-3108250305ns5:ComputerEquipment2023-04-012024-03-3108250305ns5:PlantMachinery2023-03-3108250305ns5:FurnitureFittings2023-03-3108250305ns5:MotorVehicles2023-03-3108250305ns5:ComputerEquipment2023-03-3108250305ns5:PlantMachinery2024-03-3108250305ns5:FurnitureFittings2024-03-3108250305ns5:MotorVehicles2024-03-3108250305ns5:ComputerEquipment2024-03-3108250305ns5:PlantMachinery2023-03-3108250305ns5:FurnitureFittings2023-03-3108250305ns5:MotorVehicles2023-03-3108250305ns5:ComputerEquipment2023-03-3108250305ns5:CostValuation2023-03-3108250305ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108250305ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108250305ns5:WithinOneYear2024-03-3108250305ns5:WithinOneYear2023-03-31082503051ns10:Director12023-03-31082503051ns10:Director12022-03-31082503051ns10:Director12023-04-012024-03-31082503051ns10:Director12022-04-012023-03-31082503051ns10:Director12024-03-31082503051ns10:Director12023-03-31
REGISTERED NUMBER: 08250305















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLACKBOX COMPANY (UK) LIMITED

BLACKBOX COMPANY (UK) LIMITED (REGISTERED NUMBER: 08250305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLACKBOX COMPANY (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G R Russell
I P Turner





SECRETARY: G R Russell





REGISTERED OFFICE: Hullabaloo House
42-46 Obelisk Way
Camberley
Surrey
GU15 3SG





REGISTERED NUMBER: 08250305





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BLACKBOX COMPANY (UK) LIMITED (REGISTERED NUMBER: 08250305)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 13,233 15,582
Investments 4 40,297 40,297
53,530 55,879

CURRENT ASSETS
Debtors 5 472,708 1,081,015
Cash at bank and in hand 364,036 521,524
836,744 1,602,539
CREDITORS
Amounts falling due within one year 6 1,280,392 1,489,045
NET CURRENT (LIABILITIES)/ASSETS (443,648 ) 113,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

(390,118

)

169,373

PROVISIONS FOR LIABILITIES 3,308 3,895
NET (LIABILITIES)/ASSETS (393,426 ) 165,478

CAPITAL AND RESERVES
Called up share capital 8 1,018 1,018
Share premium 99,800 99,800
Treasury shares (40,000 ) -
Retained earnings (454,244 ) 64,660
SHAREHOLDERS' FUNDS (393,426 ) 165,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





G R Russell - Director


BLACKBOX COMPANY (UK) LIMITED (REGISTERED NUMBER: 08250305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 23 ) .

BLACKBOX COMPANY (UK) LIMITED (REGISTERED NUMBER: 08250305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,437 13,846 13,999 61,001 93,283
Additions 3,239 - - 2,944 6,183
Disposals - - (13,999 ) - (13,999 )
At 31 March 2024 7,676 13,846 - 63,945 85,467
DEPRECIATION
At 1 April 2023 3,220 9,709 13,999 50,773 77,701
Charge for year 868 1,036 - 6,628 8,532
Eliminated on disposal - - (13,999 ) - (13,999 )
At 31 March 2024 4,088 10,745 - 57,401 72,234
NET BOOK VALUE
At 31 March 2024 3,588 3,101 - 6,544 13,233
At 31 March 2023 1,217 4,137 - 10,228 15,582

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 40,297
NET BOOK VALUE
At 31 March 2024 40,297
At 31 March 2023 40,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 269,561 714,568
Other debtors 6,624 18,008
Directors' loan accounts 3,000 -
Tax 149,610 305,647
Prepayments 43,913 42,792
472,708 1,081,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 115,000
Trade creditors 133,876 450,081
Amounts owed to group undertakings 9,392 2,829
Social security and other taxes 58,936 36,480
VAT 165,865 106,588
Accruals and deferred income 853,913 775,907
Accrued expenses 58,410 2,160
1,280,392 1,489,045

BLACKBOX COMPANY (UK) LIMITED (REGISTERED NUMBER: 08250305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 53,600 15,008

8. CALLED UP SHARE CAPITAL

During the year the company purchased in to treasury 124 Ordinary shares.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G R Russell
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 -

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

As at the year end the ultimate controlling party the directors.

This was by virtue of their 60.22% holding of the issued share capital.