The Other Box Limited 11379688 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is educating on bias, diversity, equity and inclusion. Digita Accounts Production Advanced 6.30.9574.0 true true 11379688 2023-06-01 2024-05-31 11379688 2024-05-31 11379688 bus:OrdinaryShareClass1 2024-05-31 11379688 bus:OrdinaryShareClass2 2024-05-31 11379688 bus:OrdinaryShareClass3 2024-05-31 11379688 core:CurrentFinancialInstruments 2024-05-31 11379688 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11379688 core:FurnitureFittingsToolsEquipment 2024-05-31 11379688 bus:SmallEntities 2023-06-01 2024-05-31 11379688 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11379688 bus:AbridgedAccounts 2023-06-01 2024-05-31 11379688 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11379688 bus:RegisteredOffice 2023-06-01 2024-05-31 11379688 bus:Director3 2023-06-01 2024-05-31 11379688 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11379688 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 11379688 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 11379688 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11379688 core:Goodwill 2023-06-01 2024-05-31 11379688 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 11379688 core:OfficeEquipment 2023-06-01 2024-05-31 11379688 countries:EnglandWales 2023-06-01 2024-05-31 11379688 2023-05-31 11379688 core:FurnitureFittingsToolsEquipment 2023-05-31 11379688 2022-06-01 2023-05-31 11379688 2023-05-31 11379688 bus:OrdinaryShareClass1 2023-05-31 11379688 bus:OrdinaryShareClass2 2023-05-31 11379688 bus:OrdinaryShareClass3 2023-05-31 11379688 core:CurrentFinancialInstruments 2023-05-31 11379688 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11379688 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11379688

The Other Box Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2024

 

The Other Box Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

The Other Box Limited

Company Information

Director

Miss Leyya Parveen Sattar

Registered office

Ground Floor, Unit 3 Southview House St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

The Other Box Limited

(Registration number: 11379688)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

46,773

9,810

Tangible assets

5

3,197

6,552

 

49,970

16,362

Current assets

 

Debtors

116,660

26,135

Cash at bank and in hand

 

92,517

206,726

 

209,177

232,861

Prepayments and accrued income

 

423

1,038

Creditors: Amounts falling due within one year

(24,064)

(13,356)

Net current assets

 

185,536

220,543

Total assets less current liabilities

 

235,506

236,905

Accruals and deferred income

 

(87,035)

(1,843)

Net assets

 

148,471

235,062

Capital and reserves

 

Called up share capital

6

1

2

Capital redemption reserve

2

1

Retained earnings

148,468

235,059

Shareholders' funds

 

148,471

235,062

For the financial year ending 31 May 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 her 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.

 

The Other Box Limited

(Registration number: 11379688)
Abridged Balance Sheet as at 31 May 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 22 August 2024
 

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

Miss Leyya Parveen Sattar

Director

 

The Other Box Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
Ground Floor, Unit 3 Southview House St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

These financial statements were authorised for issue by the director on 22 August 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

The Other Box Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises 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.

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

Office equipment

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Other Box Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

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.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 4).

 

The Other Box Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 June 2023

14,642

Additions acquired separately

60,000

At 31 May 2024

74,642

Amortisation

At 1 June 2023

4,832

Amortisation charge

23,037

At 31 May 2024

27,869

Carrying amount

At 31 May 2024

46,773

At 31 May 2023

9,810

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

12,975

12,975

At 31 May 2024

12,975

12,975

Depreciation

At 1 June 2023

6,423

6,423

Charge for the year

3,355

3,355

At 31 May 2024

9,778

9,778

Carrying amount

At 31 May 2024

3,197

3,197

At 31 May 2023

6,552

6,552

 

The Other Box Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

-

-

1

1

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

-

-

1

1

1

1

3

3