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Registered number: 04419319
BLUE BOX ENTERTAINMENT LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Wilkie Randall Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04419319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,934 11,355
6,934 11,355
CURRENT ASSETS
Debtors 5 149,879 74,469
Cash at bank and in hand 162,149 300,526
312,028 374,995
Creditors: Amounts Falling Due Within One Year 6 (244,457 ) (207,407 )
NET CURRENT ASSETS (LIABILITIES) 67,571 167,588
TOTAL ASSETS LESS CURRENT LIABILITIES 74,505 178,943
Creditors: Amounts Falling Due After More Than One Year 7 (31,167 ) (84,189 )
NET ASSETS 43,338 94,754
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 43,336 94,752
SHAREHOLDERS' FUNDS 43,338 94,754
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Godfrey
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BLUE BOX ENTERTAINMENT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04419319 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings straight line over 3 years
Computer Equipment straight line over 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 155 14,986 15,141
Additions - 644 644
As at 31 March 2024 155 15,630 15,785
Depreciation
As at 1 April 2023 25 3,761 3,786
Provided during the period 52 5,013 5,065
As at 31 March 2024 77 8,774 8,851
Net Book Value
As at 31 March 2024 78 6,856 6,934
As at 1 April 2023 130 11,225 11,355
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,447 66,503
Prepayments and accrued income 2,440 7,638
Other debtors 83,992 328
149,879 74,469
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,130 19,057
Bank loans and overdrafts 56,058 49,203
Corporation tax 10,331 7,459
VAT 40,441 73,434
Net wages - 36
Other creditors 126,524 54,152
Pension contributions payable 1,054 1,647
Accruals and deferred income 1,919 2,419
244,457 207,407
The bank loans of £45,688 (2021 - £20,920) included in creditors due within one year relate to Coronavirus
Business Interruption Loans, 80% guaranteed by the government.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,167 84,189
The bank loans of £133,392 (2021 - £179,080) included in creditors due more than one year relate to Coronavirus Business Interruption Loans, 80% guaranteed by the government.
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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