Registered number
06486070
A Little Box of Memories Limited
Unaudited Filleted Accounts
31 March 2024
A Little Box of Memories Limited
Registered number: 06486070
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,636 9,041
Current assets
Cash at bank and in hand - 1,528
Creditors: amounts falling due within one year 5 (14,520) (14,201)
Net current liabilities (14,520) (12,673)
Net liabilities (7,884) (3,632)
Capital and reserves
Called up share capital 2 2
Profit and loss account (7,886) (3,634)
Shareholder's funds (7,884) (3,632)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Tarling
Director
Approved by the board on 7 November 2024
A Little Box of Memories Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Photographic equipment 25% reducing balance
Computer equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 28,000
At 31 March 2024 28,000
Amortisation
At 1 April 2023 28,000
At 31 March 2024 28,000
Net book value
At 31 March 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Photographic equipment Computer equipment Total
£ £ £
Cost
At 1 April 2023 22,318 10,328 32,646
Additions 689 218 907
Disposals (2,787) (3,615) (6,402)
At 31 March 2024 20,220 6,931 27,151
Depreciation
At 1 April 2023 14,803 8,802 23,605
Charge for the year 1,944 268 2,212
On disposals (2,360) (2,942) (5,302)
At 31 March 2024 14,387 6,128 20,515
Net book value
At 31 March 2024 5,833 803 6,636
At 31 March 2023 7,515 1,526 9,041
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 14,520 14,201
6 Other information
A Little Box of Memories Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Union Street West
Stowmarket
IP14 1HW
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