Company Registration No. 10510932 (England and Wales)
Floorbox Ltd
Unaudited accounts
for the year ended 31 December 2023
Floorbox Ltd
Unaudited accounts
Contents
Floorbox Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr. John Roger Davy
Mr. Jeffrey Little
Company Number
10510932 (England and Wales)
Registered Office
C/O Together Accounting Limited
17-19 St George's Street
Norwich
Norfolk
NR3 1AB
United Kingdom
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Floorbox Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
20,470
799
Tangible assets
50,372
1,445
Cash at bank and in hand
183,456
129,417
Creditors: amounts falling due within one year
(704,626)
(256,006)
Net current (liabilities)/assets
(280,053)
229,995
Total assets less current liabilities
(209,211)
232,239
Creditors: amounts falling due after more than one year
(47,399)
(22,670)
Provisions for liabilities
Net (liabilities)/assets
(266,181)
208,764
Called up share capital
100
100
Share premium
199,988
199,988
Profit and loss account
(466,269)
8,676
Shareholders' funds
(266,181)
208,764
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Mr. John Roger Davy
Director
Company Registration No. 10510932
Floorbox Ltd
Notes to the Accounts
for the year ended 31 December 2023
Floorbox Ltd is a private company, limited by shares, registered in England and Wales, registration number 10510932. The registered office is C/O Together Accounting Limited, 17-19 St George's Street, Norwich, Norfolk, NR3 1AB, United Kingdom.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Branding - Amortised Over 3 Years
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:
Motor vehicles
25% - Reducing Balance Method
Computer equipment
33% - Straight Line Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Floorbox Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
66,706
At 31 December 2023
46,236
At 31 December 2023
20,470
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
5,683
5,683
Additions
64,190
2,145
66,335
At 31 December 2023
64,190
7,828
72,018
At 1 January 2023
-
4,238
4,238
Charge for the year
16,048
1,360
17,408
At 31 December 2023
16,048
5,598
21,646
At 31 December 2023
48,142
2,230
50,372
At 31 December 2022
-
1,445
1,445
Amounts falling due within one year
Trade debtors
43,005
31,918
Accrued income and prepayments
33,620
95,346
Other debtors
158,369
159,320
Floorbox Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
126,318
10,863
Obligations under finance leases and hire purchase contracts
15,322
-
Trade creditors
220,915
67,194
Taxes and social security
56,650
35,875
Other creditors
39,981
137,744
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
37,779
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
As at 31st December 2023 the directors owed the company £144,214. Interest has been charged at a rate of 2.5%.
The Company is controlled by the Directors who own 45% of the called-up share capital.
12
Average number of employees
During the year the average number of employees was 4 (2022: 3).