Registered Number:06810062 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Beat Box Digital Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Beat Box Digital Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
17,388
16,044
2
17,388
16,044
Trade and other receivables |
260
260
3
135,188
Cash and cash equivalents |
119,998
120,258
135,448
Trade and other payables: amounts falling due within one |
year |
(25,574)
(21,796)
4
109,874
98,462
Net current assets
Total assets less current liabilities |
115,850
125,918
(3,300)
(3,000)
Provisions for liabilities |
112,550
Net assets
122,918
100
100
112,450
122,818
112,550
122,918
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr A.C. Avgousti Director |
These financial statements were approved and authorised for issue by the Board on 04 October 2024 and were signed by: |
The notes form part of these financial statements |
1 of 3
For the year ended 31 March 2024
Beat Box Digital Ltd
Notes to the Financial Statements
Statutory Information
Beat Box Digital Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06810062. |
67 Dunkeld Road
Sheffield
S11 9HN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
2 of 3
For the year ended 31 March 2024
Beat Box Digital Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
37,574
32,445
5,129
7,141
1,440
5,701
10,830
33,885
44,715
Provision for depreciation and impairment |
21,530
20,248
1,282
Charge for year
5,797
3,410
2,387
27,327
23,658
3,669
7,161
10,227
17,388
3,847
12,197
16,044
3. Trade and other receivables |
2023
2024
260
260
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
16,249
21,155
5,547
4,419
21,796
25,574
5. Related party transactions |
The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the |
company, during the year (with the previous year shown in brackets) were as follows: Mr A.C. Avgousti |
£35,500 (£38,000); Mrs J.L. Avgousti £35,500 (£38,000). |
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
3 of 3