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REGISTERED NUMBER: 13318060 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BOX OF HUGS LONDON LIMITED

BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

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


BOX OF HUGS LONDON LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: L J Ambler
S Morris
A Peters





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 13318060 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,577 2,271

CURRENT ASSETS
Stocks 5 35,000 32,000
Debtors 6 2,085 41,937
Cash at bank 28,825 11,492
65,910 85,429
CREDITORS
Amounts falling due within one year 7 31,744 48,956
NET CURRENT ASSETS 34,166 36,473
TOTAL ASSETS LESS CURRENT LIABILITIES 36,743 38,744

PROVISIONS FOR LIABILITIES 8 644 568
NET ASSETS 36,099 38,176

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 35,949 38,026
SHAREHOLDERS' FUNDS 36,099 38,176

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 20 September 2024 and were signed on its behalf by:




L J Ambler - Director


BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Box Of Hugs London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,993 918 2,911
Additions 189 1,188 1,377
At 31 March 2024 2,182 2,106 4,288
DEPRECIATION
At 1 April 2023 457 183 640
Charge for year 545 526 1,071
At 31 March 2024 1,002 709 1,711
NET BOOK VALUE
At 31 March 2024 1,180 1,397 2,577
At 31 March 2023 1,536 735 2,271

5. STOCKS
2024 2023
£    £   
Stocks 35,000 32,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,085 597
Other debtors - 40,881
VAT - 459
2,085 41,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,017 382
Corporation tax 4,902 9,430
Net wages 1,030 -
VAT 4,354 -
Directors' current accounts 16,416 20,885
Deferred income 2,700 6,809
Accrued expenses 1,325 11,450
31,744 48,956

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 644 568

BOX OF HUGS LONDON LIMITED (REGISTERED NUMBER: 13318060)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 568
Provided during year 76
Balance at 31 March 2024 644

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
50 Ordinary C shares £1 50 50
150 150

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,500 were paid to the directors .

Included in creditors is an amount of £11,240 (2023: £6,962) which is owed to the director, L Ambler. This amount is interest free and repayable on demand.

Included in creditors is an amount of £4,234 (2023: £6,962) which is owed by the director, S Morris. This amount is interest free and repayable on demand.

Included in creditors is an amount of £942 (2023: £6,962) which is owed by the director, A Peters. This amount is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling parties are L Ambler, S Morris and A Peters by virtus of their ownership of the issued ordinary share capital.