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Registration number: 12528894

Boxall Maintenance Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Boxall Maintenance Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Boxall Maintenance Ltd

Company Information

Director

Mr Gavin Boxall

Company secretary

Britannia Accountancy & Tax Services Ltd

Registered office

1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

Accountants

Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

 

Boxall Maintenance Ltd

Director's Report for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Mr Gavin Boxall

Principal activity

The principal activity of the company is repairs & maintenance

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 22 October 2024 and signed on its behalf by:

.........................................
Mr Gavin Boxall
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Boxall Maintenance Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boxall Maintenance Ltd for the year ended 31 March 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Boxall Maintenance Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boxall Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Boxall Maintenance Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boxall Maintenance Ltd and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Boxall Maintenance Ltd

It is your duty to ensure that Boxall Maintenance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boxall Maintenance Ltd. You consider that Boxall Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boxall Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

22 October 2024

 

Boxall Maintenance Ltd

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

32,330

31,842

Cost of sales

 

(4,000)

(4,150)

Gross profit

 

28,330

27,692

Administrative expenses

 

(21,873)

(21,863)

Operating profit

 

6,457

5,829

Profit before tax

4

6,457

5,829

Tax on profit

 

(610)

(549)

Profit for the financial year

 

5,847

5,280

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Boxall Maintenance Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

Profit for the year

5,847

5,280

Total comprehensive income for the year

5,847

5,280

 

Boxall Maintenance Ltd

(Registration number: 12528894)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

835

1,018

Current assets

 

Stocks

6

53,983

57,983

Debtors

7

13,595

8,505

 

67,578

66,488

Creditors: Amounts falling due within one year

8

(7,140)

(7,080)

Net current assets

 

60,438

59,408

Net assets

 

61,273

60,426

Capital and reserves

 

Called up share capital

9

60,001

60,001

Retained earnings

1,272

425

Shareholders' funds

 

61,273

60,426

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 October 2024
 

.........................................
Mr Gavin Boxall
Director

   
     
 

Boxall Maintenance Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

60,001

425

60,426

Profit for the year

-

5,847

5,847

Dividends

-

(5,000)

(5,000)

At 31 March 2024

60,001

1,272

61,273

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

60,001

145

60,146

Profit for the year

-

5,280

5,280

Dividends

-

(5,000)

(5,000)

At 31 March 2023

60,001

425

60,426

 

Boxall Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

These financial statements were authorised for issue by the director on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Boxall Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

18% on net book value

Vehicles

18% on net book value

Office equipment

18% on net book value

Furniture and fittings

18% on net book value

Amortisation

Asset class

Amortisation method and rate

Goodwill

10% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Boxall Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

183

223

 

Boxall Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

2,250

2,250

At 31 March 2024

2,250

2,250

Depreciation

At 1 April 2023

1,232

1,232

Charge for the year

183

183

At 31 March 2024

1,415

1,415

Carrying amount

At 31 March 2024

835

835

At 31 March 2023

1,018

1,018

6

Stocks

2024
£

2023
£

Work in progress

53,983

57,983

7

Debtors

Current

2024
£

2023
£

Other debtors

13,595

8,505

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

610

550

Accruals and deferred income

6,530

6,530

7,140

7,080

9

Share capital

Allotted, called up and fully paid shares

 

Boxall Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

Preference of £1,000 each

60

60,000

60

60,000

 

61

60,001

61

60,001

10

Dividends

Final dividends paid

 

2024
£

2023
£

Final dividend of £0 per each Ordinary share

-

-

     

Interim dividends paid

 

2024
£

2023
£

Interim dividend of £5,000 per each Ordinary share

5,000

5,000