18 OCTOBER 2024
THE BUTTON BOX - DEVON LIMITED
Registered in England & Wales No. 13849421
FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 FEBRUARY 2023 TO 31 JANUARY 2024
ACCOUNTING POLICIES
Accounting convention
The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Inventories
Inventories, which include work in progress, are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes materials, sub-contract labour, and hire of plant. There are no attributable overheads. Estimated selling price assumes sale in the normal course of trade.
Deferred taxation
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
Revenue
Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities.
Repairs and renewals
Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement.
FINANCIAL POSITION
As at 31 January 2024 2023
Notes £ £
Non-current assets
Deferred receivables 2 0 345
Current assets
Inventories 3 4,963 4,303
Trade and other receivables 4 2,516 2,958
Cash and cash equivalents 5 1,464 219
8,943 7,480
Current liabilities
Due not later than one year
Trade and other payables 6 (7,952) (1,956)
Taxation 7 (198) (48)
Other financial liabilities 8 (0) (5,615)
Net current assets/(liabilities) 793 (139)
793 206
Equity
Share capital 9 1 1
Distributable reserves 792 205
793 206
The company is registered in England & Wales under no. 13849421 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 31 January 2024, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 18 October 2024 and signed on its behalf.
C J Ricketts
Director
NOTES TO THE FILLETED ACCOUNTS
2024 2023
£ £
1 Accounting Policies
The accounting policies are set out in full in a preceding statement.
2 Deferred receivables
Due after one but before six years
Prepayments 0 345
3 Inventories
Works ready for sale 4,963 4,303
4 Trade and other receivables
Prepayments 2,516 2,958
5 Cash and cash equivalents
Bank current account 1,464 219
6 Current trade and other payables
Due to directors (7,427) (1,481)
Accruals (525) (475)
(7,952) (1,956)
7 Current taxation
Corporation tax (198) (48)
8 Other financial liabilities due not later than one year
Due to owners 0 (5,615)
9 Share capital
The company is a private company limited by share capital
2024 2023
Number Number
Equity ordinary shares of £1 each
Ordinary
Allotted, called up and fully paid 1 1 1 1
10 Ultimate control
The company is controlled by the director.
11 Commitments
Capital expenditure
There are no capital commitments.
12 Activity
The principal activity continues to be that of retail sale via stalls and markets of textiles.
13 Employees (including directors)
2024 2023
Average during the period Number Number
1 1
ADMINISTRATION AND ADVISERS
Accountants and registrar Cramptons
25A St Matthews Road
Torquay
TQ2 6JA
Office 70 Sherwell Lane
Torquay
TQ2 6BE
The Button Box - Devon Limited 13849421 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts (tagged by user) April 2024 C J Ricketts Director No description of principal activity 13849421 2022-01-14 2023-01-31 13849421 2023-02-01 2024-01-31 13849421 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13849421 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13849421 bus:Director40 2023-02-01 2024-01-31 13849421 bus:Director39 2023-02-01 2024-01-31 13849421 bus:FRS102 2023-02-01 2024-01-31 13849421 bus:FilletedAccounts 2023-02-01 2024-01-31 13849421 2024-01-31 13849421 2023-01-31 iso4217:GBP xbrli:pure