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REGISTERED NUMBER: 03956240 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Duncan Boxwell & Company Limited

Duncan Boxwell & Company Limited (Registered number: 03956240)






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


Duncan Boxwell & Company Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D H Boxwell
R Y Shepherd





REGISTERED OFFICE: Bretton House
Bell Meadow Business Park
Park Lane
Pulford
Chester
CH4 9EP





REGISTERED NUMBER: 03956240 (England and Wales)





ACCOUNTANTS: DUNCAN BOXWELL & COMPANY LIMITED
Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP

Duncan Boxwell & Company Limited (Registered number: 03956240)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 389,482 389,482
Tangible assets 5 36,191 42,111
425,673 431,593

CURRENT ASSETS
Stocks 3,000 10,000
Debtors 6 119,994 141,145
Cash at bank 112,702 123,443
235,696 274,588
CREDITORS
Amounts falling due within one year 7 159,828 169,598
NET CURRENT ASSETS 75,868 104,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,541

536,583

CREDITORS
Amounts falling due after more than
one year

8

(18,000

)

(143,733

)

PROVISIONS FOR LIABILITIES (25,491 ) (8,001 )

ACCRUALS AND DEFERRED INCOME (28,936 ) (48,312 )
NET ASSETS 429,114 336,537

Duncan Boxwell & Company Limited (Registered number: 03956240)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 73,336 73,336
Capital redemption reserve 36,670 36,670
Retained earnings 319,108 226,531
429,114 336,537

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.

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 8 November 2024 and were signed on its behalf by:





D H Boxwell - Director


Duncan Boxwell & Company Limited (Registered number: 03956240)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Duncan Boxwell & Company 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.

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.
Fixtures and fittings - 25% Reducing Balance
Motor vehicles - 20% Reducing Balance
Computer equipment - 25% Reducing Balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Duncan Boxwell & Company Limited (Registered number: 03956240)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 389,482
NET BOOK VALUE
At 29 February 2024 389,482
At 28 February 2023 389,482

Duncan Boxwell & Company Limited (Registered number: 03956240)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 12,879 40,000 19,659 72,538
Additions 2,102 - 4,041 6,143
At 29 February 2024 14,981 40,000 23,700 78,681
DEPRECIATION
At 1 March 2023 4,572 19,520 6,335 30,427
Charge for year 2,602 5,120 4,341 12,063
At 29 February 2024 7,174 24,640 10,676 42,490
NET BOOK VALUE
At 29 February 2024 7,807 15,360 13,024 36,191
At 28 February 2023 8,307 20,480 13,324 42,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 119,994 139,975
Other debtors - 1,170
119,994 141,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 49,600
Trade creditors 44,183 14,038
Taxation and social security 101,254 94,155
Other creditors 14,391 11,805
159,828 169,598

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 115,733
Other creditors 18,000 28,000
18,000 143,733