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REGISTERED NUMBER: 10118084 (England and Wales)















BOXRAW LTD

Unaudited Financial Statements for the Year Ended 31 December 2023






BOXRAW LTD (REGISTERED NUMBER: 10118084)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOXRAW LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr B J Amanna





REGISTERED OFFICE: Ground & First Floor Offices
Herbert Art Gallery
Jordan Well
Coventry
West Midlands
CV1 5QP





REGISTERED NUMBER: 10118084 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BOXRAW LTD (REGISTERED NUMBER: 10118084)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,026 8,045
Investments 5 78 78
15,104 8,123

CURRENT ASSETS
Stocks 461,896 785,509
Debtors 6 1,009,974 1,145,539
Cash at bank 424,880 317,922
1,896,750 2,248,970
CREDITORS
Amounts falling due within one year 7 725,763 916,230
NET CURRENT ASSETS 1,170,987 1,332,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,186,091

1,340,863

CREDITORS
Amounts falling due after more than one
year

8

2,526,582

2,628,332
NET LIABILITIES (1,340,491 ) (1,287,469 )

CAPITAL AND RESERVES
Called up share capital 34,000 100
Share premium 120,000 -
Retained earnings (1,494,491 ) (1,287,569 )
(1,340,491 ) (1,287,469 )

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 director acknowledges her 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.

BOXRAW LTD (REGISTERED NUMBER: 10118084)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 17 September 2024 and were signed by:





Mr B J Amanna - Director


BOXRAW LTD (REGISTERED NUMBER: 10118084)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Boxraw Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

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.

BOXRAW LTD (REGISTERED NUMBER: 10118084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 2,500 12,527 15,027
Additions - 13,417 13,417
At 31 December 2023 2,500 25,944 28,444
DEPRECIATION
At 1 January 2023 1,125 5,857 6,982
Charge for year 625 5,811 6,436
At 31 December 2023 1,750 11,668 13,418
NET BOOK VALUE
At 31 December 2023 750 14,276 15,026
At 31 December 2022 1,375 6,670 8,045

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 78
NET BOOK VALUE
At 31 December 2023 78
At 31 December 2022 78

Boxraw Inc is a 100% owned subsidiary undertaking of the Company.

The principal activity of Boxraw Inc. is development and online retail of sport clothing and equipment.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 17,214 6,315
Amounts owed by group undertakings 908,171 1,078,624
Other debtors 84,089 60,600
1,009,474 1,145,539

BOXRAW LTD (REGISTERED NUMBER: 10118084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 500 -

Aggregate amounts 1,009,974 1,145,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 264,668 65,038
Trade creditors 272,162 467,165
Social security and other taxes 6,052 85,745
VAT 25,684 55,535
Other creditors 91,014 178,776
Accruals and deferred income 66,183 63,971
725,763 916,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 2,526,582 2,449,242
Directors' loan accounts - 179,090
2,526,582 2,628,332