IRIS Accounts Production v24.2.0.383 07950113 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079501132023-02-28079501132024-02-29079501132023-03-012024-02-29079501132022-02-28079501132022-03-012023-02-28079501132023-02-2807950113ns15:EnglandWales2023-03-012024-02-2907950113ns14:PoundSterling2023-03-012024-02-2907950113ns10:Director12023-03-012024-02-2907950113ns10:Director22023-03-012024-02-2907950113ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907950113ns10:SmallEntities2023-03-012024-02-2907950113ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907950113ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907950113ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907950113ns10:FullAccounts2023-03-012024-02-2907950113ns10:OrdinaryShareClass12023-03-012024-02-2907950113ns10:RegisteredOffice2023-03-012024-02-2907950113ns5:CurrentFinancialInstruments2024-02-2907950113ns5:CurrentFinancialInstruments2023-02-2807950113ns5:ShareCapital2024-02-2907950113ns5:ShareCapital2023-02-2807950113ns5:RetainedEarningsAccumulatedLosses2024-02-2907950113ns5:RetainedEarningsAccumulatedLosses2023-02-280795011312023-03-012024-02-2907950113ns5:MotorVehicles2023-03-012024-02-2907950113ns5:MotorVehicles2023-02-2807950113ns5:MotorVehicles2024-02-2907950113ns5:MotorVehicles2023-02-2807950113ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907950113ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807950113ns5:DeferredTaxation2023-02-2807950113ns5:DeferredTaxation2023-03-012024-02-2907950113ns5:DeferredTaxation2024-02-2907950113ns10:OrdinaryShareClass12024-02-2907950113ns5:RetainedEarningsAccumulatedLosses2023-02-2807950113ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 07950113 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BOX 8 LTD

BOX 8 LTD (REGISTERED NUMBER: 07950113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOX 8 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M C Hanson
Mrs K L Hanson





REGISTERED OFFICE: Unit 1, North Mills
Frog Island
Leicester
Leicestershire
LE3 5DL





REGISTERED NUMBER: 07950113 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

BOX 8 LTD (REGISTERED NUMBER: 07950113)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 174 232

CURRENT ASSETS
Debtors 6 29,992 450
Cash at bank 30,194 51,449
60,186 51,899
CREDITORS
Amounts falling due within one year 7 2,230 391
NET CURRENT ASSETS 57,956 51,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,130

51,740

PROVISIONS FOR LIABILITIES 8 33 44
NET ASSETS 58,097 51,696

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings 10 58,089 51,688
SHAREHOLDERS' FUNDS 58,097 51,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

BOX 8 LTD (REGISTERED NUMBER: 07950113)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




M C Hanson - Director



Mrs K L Hanson - Director


BOX 8 LTD (REGISTERED NUMBER: 07950113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Box 8 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade 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 amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


BOX 8 LTD (REGISTERED NUMBER: 07950113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 the timing difference.

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 other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 3,000
DEPRECIATION
At 1 March 2023 2,768
Charge for year 58
At 29 February 2024 2,826
NET BOOK VALUE
At 29 February 2024 174
At 28 February 2023 232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 450
Directors' current accounts 29,992 -
29,992 450

BOX 8 LTD (REGISTERED NUMBER: 07950113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,501 14
Directors' current accounts 9 17
Accrued expenses 720 360
2,230 391

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 33 44

Deferred
tax
£   
Balance at 1 March 2023 44
Credit to Income Statement during year (11 )
Balance at 29 February 2024 33

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary 1 8 8

10. RESERVES
Retained
earnings
£   

At 1 March 2023 51,688
Profit for the year 6,401
At 29 February 2024 58,089

11. RELATED PARTY DISCLOSURES

At 29 February 2024, an amount of £29,992 was due from the director M C Hanson. This amount was repaid in full after the year end.