Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 29 February 2024 29 February 2024 11208958 Mr Mohamed Nasery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11208958 2023-02-28 11208958 2024-02-29 11208958 2023-03-01 2024-02-29 11208958 frs-core:CurrentFinancialInstruments 2024-02-29 11208958 frs-core:FurnitureFittings 2024-02-29 11208958 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11208958 frs-core:FurnitureFittings 2023-02-28 11208958 frs-core:NetGoodwill 2024-02-29 11208958 frs-core:NetGoodwill 2023-03-01 2024-02-29 11208958 frs-core:NetGoodwill 2023-02-28 11208958 frs-core:MotorVehicles 2024-02-29 11208958 frs-core:MotorVehicles 2023-03-01 2024-02-29 11208958 frs-core:MotorVehicles 2023-02-28 11208958 frs-core:ShareCapital 2024-02-29 11208958 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11208958 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11208958 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11208958 frs-bus:SmallEntities 2023-03-01 2024-02-29 11208958 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11208958 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11208958 frs-bus:Director1 2023-03-01 2024-02-29 11208958 frs-countries:EnglandWales 2023-03-01 2024-02-29
Registered number: 11208958
Box 4 You Limited
Financial Statements
For The Year Ended 29 February 2024
Accounting Freedom
Westhill House
2b Devonshire Road
Bexleyheath
DA6 8DS
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11208958
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 17,964
Tangible Assets 5 57,730
75,694
CURRENT ASSETS
Stocks 6 19,110
Debtors 7 159,552
Cash at bank and in hand 57,686
236,348
Creditors: Amounts Falling Due Within One Year 8 (198,993 )
NET CURRENT ASSETS (LIABILITIES) 37,355
TOTAL ASSETS LESS CURRENT LIABILITIES 113,049
NET ASSETS 113,049
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 112,949
SHAREHOLDERS' FUNDS 113,049
Page 1
Page 2
For the year ending 29 February 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 Mohamed Nasery
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Box 4 You Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11208958 . The registered office is Isha House, 8 Wrotham Road, Gravesend, DA11 0PA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Motor Vehicles 25
Fixtures & Fittings 10
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 8
8
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 29,950
As at 29 February 2024 29,950
Amortisation
As at 1 March 2023 9,988
Provided during the period 1,998
As at 29 February 2024 11,986
Net Book Value
As at 29 February 2024 17,964
As at 1 March 2023 19,962
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 9,901 86,935 96,836
As at 29 February 2024 9,901 86,935 96,836
Depreciation
As at 1 March 2023 2,476 28,978 31,454
Provided during the period 1,856 5,796 7,652
As at 29 February 2024 4,332 34,774 39,106
Net Book Value
As at 29 February 2024 5,569 52,161 57,730
As at 1 March 2023 7,425 57,957 65,382
6. Stocks
2024
£
Stock 19,110
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Page 5
7. Debtors
2024
£
Due within one year
Other debtors 150,135
VAT 9,417
159,552
8. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1
Bank loans and overdrafts 67,879
Corporation tax 5,749
Other taxes and social security 5,488
Director's loan account 119,876
198,993
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
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