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REGISTERED NUMBER: 03398427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BOX FLOORING LIMITED

BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOX FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A D Box





REGISTERED OFFICE: 44 Grand Parade
Brighton
BN2 9QA





REGISTERED NUMBER: 03398427 (England and Wales)





ACCOUNTANTS: Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA

BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,670 4,893
3,670 4,893

CURRENT ASSETS
Stocks 26,166 37,200
Debtors 6 21,964 24,969
Cash at bank 22,528 40,162
70,658 102,331
CREDITORS
Amounts falling due within one year 7 (42,737 ) (74,242 )
NET CURRENT ASSETS 27,921 28,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,591

32,982

CREDITORS
Amounts falling due after more than one
year

8

(29,172

)

(36,696

)

PROVISIONS FOR LIABILITIES (918 ) (929 )
NET ASSETS/(LIABILITIES) 1,501 (4,643 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,499 (4,645 )
SHAREHOLDERS' FUNDS 1,501 (4,643 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 FLOORING LIMITED (REGISTERED NUMBER: 03398427)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 31 October 2024 and were signed by:





A D Box - Director


BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Box Flooring Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023
and 31 March 2024 80,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,444 47,127 59,571
DEPRECIATION
At 1 April 2023 12,070 42,608 54,678
Charge for year 93 1,130 1,223
At 31 March 2024 12,163 43,738 55,901
NET BOOK VALUE
At 31 March 2024 281 3,389 3,670
At 31 March 2023 374 4,519 4,893

BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,977 19,187
Other debtors 3,375 -
Tax 2,617 2,617
VAT 3,995 2,821
Prepayments and accrued income - 344
21,964 24,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,222 7,129
Hire purchase contracts - 3,037
Trade creditors 22,866 36,130
Tax 8,421 14,065
Social security and other taxes 1,382 2,660
Pension Payable 318 398
Other creditors 1,887 2,605
Directors' current accounts 823 5,493
Deferred income 818 2,725
42,737 74,242

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 29,172 34,441
Hire purchase contracts - 2,255
29,172 36,696

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 0.01 2 2

BOX FLOORING LIMITED (REGISTERED NUMBER: 03398427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RESERVES
Retained
earnings
£   

At 1 April 2023 (4,645 )
Profit for the year 34,144
Dividends (28,000 )
At 31 March 2024 1,499