Company Registration No. SC599266 (Scotland)
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
COMPANY INFORMATION
Directors
Ms Clare Munn
Ms Anna Zucchi
(Appointed 28 May 2024)
Mr Alasdair Munn
(Appointed 28 May 2024)
Company number
SC599266
Registered office
12 Hope Street
Edinburgh
EH2 4DB
Accountants
Prydis Accounts Limited
Clyst House
Manor Drive
Clyst St. Mary
Exeter
Devon
EX5 1GB
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
CONTENTS
Page
Directors' report
1
Group balance sheet
2 - 3
Company balance sheet
4 - 5
Group statement of changes in equity
6
Company statement of changes in equity
7
Notes to the financial statements
8 - 16
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Principal activities

The principal activity of the company and group is the development of content and technology in a variety of formats for the workforce. Concentrating on what is called the "Differentiating Skills" for humans now and for the future, its methodology and approach include respecting different learning approaches and improving communication by helping each subscriber learn how they communicate and taking responsibility around where and how the might improve both expressing and listening.

Results and dividends

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms Clare Munn
Miss Michelle Czarnik
(Resigned 21 April 2023)
Mr Alasdair Munn
(Resigned 21 April 2023)
Ms Anna Zucchi
(Resigned 21 April 2023)
Mr Fraser Niven
(Resigned 21 April 2023)
Ms Anna Zucchi
(Appointed 28 May 2024)
Mr Alasdair Munn
(Appointed 28 May 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Ms Clare Munn
Director
31 December 2024
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,073,151
1,688,591
Tangible assets
4
12,270
24,231
1,085,421
1,712,822
Current assets
Stocks
337,174
327,939
Debtors
7
1,225,688
870,489
Cash at bank and in hand
50,187
10,590
1,613,049
1,209,018
Creditors: amounts falling due within one year
8
(2,019,663)
(1,853,204)
Net current liabilities
(406,614)
(644,186)
Total assets less current liabilities
678,807
1,068,636
Creditors: amounts falling due after more than one year
9
(187,385)
(275,683)
Net assets
491,422
792,953
Capital and reserves
Called up share capital
11
5
5
Share premium account
4,196,934
3,470,815
Profit and loss reserves
(3,705,517)
(2,677,867)
Total equity
491,422
792,953

The directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 December 2023 the group was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities under the Companies Act 2006:

 

These financial statements have been prepared in accordance with the provisions applicable to groups and companies subject to the small companies regime.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 31 December 2024 and are signed on its behalf by:
31 December 2024
Ms Clare Munn
Director
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 4 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,770
1,987
Investments
5
402,682
21,767
407,452
23,754
Current assets
Debtors
7
3,308,142
3,168,567
Cash at bank and in hand
39,597
8,074
3,347,739
3,176,641
Creditors: amounts falling due within one year
8
(1,364,724)
(1,087,193)
Net current assets
1,983,015
2,089,448
Net assets
2,390,467
2,113,202
Capital and reserves
Called up share capital
11
5
5
Share premium account
4,196,934
3,470,815
Profit and loss reserves
(1,806,472)
(1,357,618)
Total equity
2,390,467
2,113,202

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £448,856 (2022 - £645,995 loss).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 5 -
The financial statements were approved by the board of directors and authorised for issue on 31 December 2024 and are signed on its behalf by:
31 December 2024
Ms Clare Munn
Director
Company Registration No. SC599266
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
5
3,026,209
(905,960)
2,120,254
Year ended 31 December 2022:
Loss for the year
-
-
(1,456,536)
(1,456,536)
Other comprehensive income:
Currency translation differences
-
-
(315,371)
(315,371)
Total comprehensive income for the year
-
-
(1,771,907)
(1,771,907)
Issue of share capital
11
-
0
444,606
-
444,606
Balance at 31 December 2022
5
3,470,815
(2,677,867)
792,953
Year ended 31 December 2023:
Loss for the year
-
-
(1,058,849)
(1,058,849)
Other comprehensive income:
Currency translation differences
-
-
31,199
31,199
Total comprehensive income for the year
-
-
(1,027,650)
(1,027,650)
Issue of share capital
11
-
0
726,119
-
726,119
Balance at 31 December 2023
5
4,196,934
(3,705,517)
491,422
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
5
3,026,209
(711,624)
2,314,590
Year ended 31 December 2022:
Loss and total comprehensive income for the year
-
-
(645,994)
(645,994)
Issue of share capital
11
-
0
444,606
-
444,606
Balance at 31 December 2022
5
3,470,815
(1,357,618)
2,113,202
Year ended 31 December 2023:
Loss and total comprehensive income for the year
-
-
(448,853)
(448,853)
Issue of share capital
11
-
0
726,119
-
726,119
Balance at 31 December 2023
5
4,196,934
(1,806,472)
2,390,467
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
1
Accounting policies
Company information

Box Media Holdings Ltd (“the company”) is a private limited company domiciled and incorporated in Scotland. The registered office is .

 

The group consists of Box Media Holdings Ltd and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

 

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 9 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Box Media Holdings Ltd together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

 

All financial statements are made up to 31 December 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the group will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the group's ability to continue as a going concern.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
25% Straight line method
Fixtures and fittings
25% Straight line method
Computers
25% Straight line method
Motor vehicles
25% Straight line method
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 10 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Fixed asset investments

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 11 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 12 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
2
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2023
2022
2023
2022
Number
Number
Number
Number
Total
7
11
3
5
3
Intangible fixed assets
Group
Goodwill
Other Intangible
Total
£
£
£
Cost
At 1 January 2023
2,146,301
400,810
2,547,111
Transfers
-
0
(400,810)
(400,810)
At 31 December 2023
2,146,301
-
0
2,146,301
Amortisation and impairment
At 1 January 2023
858,520
-
0
858,520
Amortisation charged for the year
214,630
-
0
214,630
At 31 December 2023
1,073,150
-
0
1,073,150
Carrying amount
At 31 December 2023
1,073,151
-
0
1,073,151
At 31 December 2022
1,287,781
400,810
1,688,591
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
4
Tangible fixed assets
Group
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
4,563
60,512
65,075
Additions
459
3,981
4,440
At 31 December 2023
5,022
64,493
69,515
Depreciation and impairment
At 1 January 2023
3,733
37,111
40,844
Depreciation charged in the year
800
13,822
14,622
Other changes
394
1,385
1,779
At 31 December 2023
4,927
52,318
57,245
Carrying amount
At 31 December 2023
95
12,175
12,270
At 31 December 2022
830
23,401
24,231
Company
Plant and machinery etc
£
Cost
At 1 January 2023
6,423
Additions
5,019
At 31 December 2023
11,442
Depreciation and impairment
At 1 January 2023
4,436
Depreciation charged in the year
2,236
At 31 December 2023
6,672
Carrying amount
At 31 December 2023
4,770
At 31 December 2022
1,987
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 15 -
5
Fixed asset investments
Group
Company
2023
2022
2023
2022
£
£
£
£
Shares in group undertakings and participating interests
-
0
-
0
402,682
21,767
The company had no fixed asset investments movement in 2023 and 2022.
6
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Boxspring Entertainment LLC
100 School Street #13, Danville, CA 94526, USA
Ordinary
100.00
Box Media Agency Ltd
12 Hope Street, Edinburgh, EH2 4DB
Ordinary
100.00
7
Debtors
Group
Company
2023
2022
2023
2022
Amounts falling due within one year:
£
£
£
£
Trade debtors
328
2,249
-
0
-
0
Corporation tax recoverable
109,309
-
0
-
0
-
0
Amounts owed by group
-
0
-
0
3,288,325
3,152,839
Other debtors
1,116,051
868,240
19,817
15,728
1,225,688
870,489
3,308,142
3,168,567
8
Creditors: amounts falling due within one year
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans and overdrafts
3,110
-
0
-
0
-
0
Trade creditors
109,588
544,275
33,458
12,215
Taxation and social security
79,007
92,963
30,591
30,418
Other creditors
1,827,958
1,215,966
1,300,675
1,044,560
2,019,663
1,853,204
1,364,724
1,087,193
BOX MEDIA HOLDINGS LIMITED (CONSOLIDATED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
9
Creditors: amounts falling due after more than one year
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans and overdrafts
187,385
275,683
-
0
-
0
Convertible loans
-
0
-
0
-
0
-
0
Corporation tax payable
-
0
-
0
-
0
-
0
Taxation and social security
-
-
-
0
-
0
Trade creditors
-
0
-
0
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
-
0
-
0
Preference dividends payable
-
0
-
0
-
0
-
0
Other creditors
-
0
-
0
-
0
-
0
10
Loans and overdrafts
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans
187,385
275,683
-
0
-
0
Bank overdrafts
3,110
-
0
-
0
-
0
Other loans
1,265,808
989,026
1,163,308
909,026
1,456,303
1,264,709
1,163,308
909,026
Payable within one year
1,268,918
989,026
1,163,308
909,026
Payable after one year
187,385
275,683
-
0
-
0
11
Share capital
Group and company
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of 0.001p each
457,147
414,817
5
5
2023-12-312023-01-01falsefalseCCH SoftwareCCH Accounts Production 2024.310No description of principal activityMs Clare MunnMiss Michelle CzarnikMr Alasdair MunnMs Anna ZucchiMr Fraser NivenMs Anna ZucchiMr Alasdair 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