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REGISTERED NUMBER: 05797663 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE INCREDIBLE EXPANDING
BOX LIMITED

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

THE INCREDIBLE EXPANDING
BOX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D Clapson





SECRETARY: D Clapson





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 05797663 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 875 2,168

CURRENT ASSETS
Debtors 5 35,240 41,842

CREDITORS
Amounts falling due within one year 6 34,731 42,221
NET CURRENT ASSETS/(LIABILITIES) 509 (379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,384

1,789

PROVISIONS FOR LIABILITIES 9 219 542
NET ASSETS 1,165 1,247

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 165 247
SHAREHOLDERS' FUNDS 1,165 1,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

BALANCE SHEET - continued
30 APRIL 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 8 January 2025 and were signed by:





D Clapson - Director


THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

The Incredible Expanding Box 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
The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.

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 - 15% on reducing balance
Computer equipment - 33% on cost

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.

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 3,107 19,518 22,625
DEPRECIATION
At 1 May 2023 2,774 17,683 20,457
Charge for year 50 1,243 1,293
At 30 April 2024 2,824 18,926 21,750
NET BOOK VALUE
At 30 April 2024 283 592 875
At 30 April 2023 333 1,835 2,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,400 -
Other debtors 523 523
Directors' current accounts 22,765 34,767
Corporation tax 6,552 6,552
35,240 41,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 3,965 6,346
Corporation tax 22,894 20,616
Social security and other taxes 121 650
VAT 6,926 13,834
Accruals and deferred income 825 775
34,731 42,221

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,965 6,346

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 3,965 6,346

The overdraft is secured by a charge over the company's assets and a guarantee from the director.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 219 542

Deferred
tax
£   
Balance at 1 May 2023 542
Provided during year (323 )
Balance at 30 April 2024 219

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500
250 Ordinary A £1 250 250
250 Ordinary B £1 250 250
1,000 1,000

THE INCREDIBLE EXPANDING
BOX LIMITED (REGISTERED NUMBER: 05797663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. RESERVES
Retained
earnings
£   

At 1 May 2023 247
Profit for the year 51,918
Dividends (52,000 )
At 30 April 2024 165

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
P A Clapson and D Clapson
Balance outstanding at start of year 34,767 43,461
Amounts advanced 39,998 50,750
Amounts repaid (52,000 ) (59,444 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,765 34,767

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE INCREDIBLE EXPANDING
BOX LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Incredible Expanding Box Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Incredible Expanding Box Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Incredible Expanding Box Limited and state those matters that we have agreed to state to the director of The Incredible Expanding Box Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Incredible Expanding Box Limited and its director for our work or for this report.

It is your duty to ensure that The Incredible Expanding Box Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Incredible Expanding Box Limited. You consider that The Incredible Expanding Box Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Incredible Expanding Box Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


8 January 2025