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Company Registration No. 01699383 (England and Wales)
BOXFORD HOLDINGS LIMITED
Financial Statements
for the Period from 01 May 2023 to 30 April 2024

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

1. Statutory Information
BOXFORD HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01699383.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises of the value of sales (exe. VAT, similar taxes and trade discounts) of goods provided in the normal course of business. For UK sales, revenue is recognised when the goods are delivered to the customer which is usually rhe same day the goods are despatched. For overseas sales, revenue is recognised when the goods are despatched. In both cases, this is when the risks and rewards are transferred to the customer.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 the 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.

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

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 company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.
Tangible Fixed Asset Policy
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 improvements - 10-33% on costPlant and machinery - 10-33% on costThe 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 credited or charged to profit or loss.

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct material and, where applicated, direct labour and those overheads that have been incurred in bringing the stocks to their present location and condition.Stocks held for distributuion at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 15
2023 16
4. Principal Activity
The company's principal activity remains that of supplying manufacturing systems to education, design and industrial customers worldwide.

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Motor Vehicles Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £ £
At 01/05/2023 53,157 1,371,600 67,772 80,263 116,387 1,689,179
Additions - - - 1,502 36,312 37,814
At 30/04/2024 53,157 1,371,600 67,772 81,765 152,699 1,726,993
Depreciation
At 01/05/2023 18,595 1,370,097 33,230 73,876 114,029 1,609,827
Charge for the year 5,316 408 16,944 2,906 2,016 27,590
At 30/04/2024 23,911 1,370,505 50,174 76,782 116,045 1,637,417
Net Book Value
At 30/04/2024 29,246 1,095 17,598 4,983 36,654 89,576
At 30/04/2023 34,562 1,503 34,542 6,387 2,358 79,352

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

6. Investments
Investments in Subsidiaries Other Investments - Listed Other Investments -Unlisted Total
£ £ £ £
Valuation at 01/05/2023 2 - - 2
Additions - - - -
Disposals - - - -
Adjustments - - - -
Valuation at 30/04/2024 2 - - 2

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

7. Debtors
2024 2023
£ £
Trade debtors 163,167 210,150
Other debtors - 17,697
Prepayment and accrued income 121,886 93,961
285,053 321,808
8. Creditors: amount falling due within one year
2024 2023
£ £
Bank Loans and other overdrafts 10,000 10,000
Trade Creditors 272,773 336,878
Corporation Tax 2,153 -
Other tax and social security 65,087 37,523
Other Creditors - 2,187
Accruals and deferred income 108,744 260,086
458,757 646,674

BOXFORD HOLDINGS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

9. Creditors: amount falling due after one year
2024 2023
£ £
Bank Loans and overdrafts 10,843 20,843
10,843 20,843
Provision for liabilities 17,860 18,854