0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,345 842 234 1,076 1,269 1,503 15,037 15,037 15,037 xbrli:pure xbrli:shares iso4217:GBP 08433802 2023-04-01 2024-03-31 08433802 2024-03-31 08433802 2023-03-31 08433802 2022-04-01 2023-03-31 08433802 2023-03-31 08433802 2022-03-31 08433802 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 08433802 core:PlantMachinery 2023-04-01 2024-03-31 08433802 core:FurnitureFittings 2023-04-01 2024-03-31 08433802 bus:Director1 2023-04-01 2024-03-31 08433802 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08433802 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08433802 core:PlantMachinery 2023-03-31 08433802 core:FurnitureFittings 2023-03-31 08433802 core:PlantMachinery 2024-03-31 08433802 core:FurnitureFittings 2024-03-31 08433802 core:WithinOneYear 2024-03-31 08433802 core:WithinOneYear 2023-03-31 08433802 core:ShareCapital 2024-03-31 08433802 core:ShareCapital 2023-03-31 08433802 core:SharePremium 2024-03-31 08433802 core:SharePremium 2023-03-31 08433802 core:RetainedEarningsAccumulatedLosses 2024-03-31 08433802 core:RetainedEarningsAccumulatedLosses 2023-03-31 08433802 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08433802 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 08433802 core:Non-currentFinancialInstruments 2024-03-31 08433802 core:Non-currentFinancialInstruments 2023-03-31 08433802 bus:SmallEntities 2023-04-01 2024-03-31 08433802 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08433802 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08433802 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08433802 bus:FullAccounts 2023-04-01 2024-03-31 08433802 core:OfficeEquipment 2023-04-01 2024-03-31 08433802 core:OfficeEquipment 2024-03-31 08433802 core:OfficeEquipment 2023-03-31 08433802 core:AllAssociates 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08433802
See Your Box Limited
Filleted Unaudited Financial Statements
31 March 2024
See Your Box Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
See Your Box Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
1,269
1,503
Tangible assets
6
142
195
Investments
7
15,037
15,037
--------
--------
16,448
16,735
Current assets
Debtors
8
25
534
Cash at bank and in hand
12,971
61,936
--------
--------
12,996
62,470
Creditors: amounts falling due within one year
9
( 21,500)
1,500
--------
--------
Net current assets
34,496
60,970
--------
--------
Total assets less current liabilities
50,944
77,705
--------
--------
Net assets
50,944
77,705
--------
--------
Capital and reserves
Called up share capital
1,185
1,185
Share premium account
752,753
752,753
Profit and loss account
( 702,994)
( 676,233)
---------
---------
Shareholders funds
50,944
77,705
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
See Your Box Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Mr M Toja
Director
Company registration number: 08433802
See Your Box Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Baldwin Crescent, London, SE5 9LQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis as the directors will continue to support the business and believe the company is able to meet its debts as they fall due, for at least the next 12 months.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 499 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licenses
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 April 2023 and 31 March 2024
2,345
-------
Amortisation
At 1 April 2023
842
Charge for the year
234
-------
At 31 March 2024
1,076
-------
Carrying amount
At 31 March 2024
1,269
-------
At 31 March 2023
1,503
-------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
2,275
824
1,788
4,887
-------
----
-------
-------
Depreciation
At 1 April 2023
2,275
824
1,593
4,692
Charge for the year
53
53
-------
----
-------
-------
At 31 March 2024
2,275
824
1,646
4,745
-------
----
-------
-------
Carrying amount
At 31 March 2024
142
142
-------
----
-------
-------
At 31 March 2023
195
195
-------
----
-------
-------
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
15,037
--------
Impairment
At 1 April 2023 and 31 March 2024
--------
Carrying amount
At 31 March 2024
15,037
--------
At 31 March 2023
15,037
--------
The company owns 99.5% of the share capital of See Your Box GmbH, a company registered in Switzerland.
8. Debtors
2024
2023
£
£
Other debtors
25
534
----
----
9. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
( 21,500)
1,500
--------
-------
10. Related party transactions
At the year end the company was owed £171,997 (2023: £148,997) by a group company, all of which was provided for.