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Company Registration No. 10510932 (England and Wales)
Floorbox Ltd Unaudited accounts for the year ended 31 December 2023
Floorbox Ltd Unaudited accounts Contents
Page
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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
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Floorbox Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,470 
799 
Tangible assets
50,372 
1,445 
70,842 
2,244 
Current assets
Inventories
- 
70,000 
Debtors
241,117 
286,584 
Cash at bank and in hand
183,456 
129,417 
424,573 
486,001 
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
Deferred tax
(9,571)
(805)
Net (liabilities)/assets
(266,181)
208,764 
Capital and reserves
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
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Floorbox Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Foreign exchange
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.
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Floorbox Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
43,706 
Additions
23,000 
At 31 December 2023
66,706 
Amortisation
At 1 January 2023
42,907 
Charge for the year
3,329 
At 31 December 2023
46,236 
Net book value
At 31 December 2023
20,470 
At 31 December 2022
799 
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 
Depreciation
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 
Net book value
At 31 December 2023
48,142 
2,230 
50,372 
At 31 December 2022
- 
1,445 
1,445 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,123 
- 
Trade debtors
43,005 
31,918 
Accrued income and prepayments
33,620 
95,346 
Other debtors
158,369 
159,320 
241,117 
286,584 
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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 
VAT
- 
4,330 
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 
Accruals
12,800 
- 
Deferred income
232,640 
- 
704,626 
256,006 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,620 
22,670 
Obligations under finance leases and hire purchase contracts
37,779 
- 
47,399 
22,670 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
As at 31st December 2023 the directors owed the company £144,214. Interest has been charged at a rate of 2.5%.
11
Controlling party
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).
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