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REGISTERED NUMBER: 06265345 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHITEBOX3 LTD

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEBOX3 LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs S Simpson





SECRETARY: J Simpson





REGISTERED OFFICE: Unit 11 Durgates Lodge Industrial Units
Clapper Lane
Tonbridge
Kent
TN12 0JS





REGISTERED NUMBER: 06265345 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,631 68,273

CURRENT ASSETS
Stocks 5 5,000 75,000
Debtors 6 21,173 16,046
Cash at bank 6,456 80
32,629 91,126
CREDITORS
Amounts falling due within one year 7 188,713 275,184
NET CURRENT LIABILITIES (156,084 ) (184,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(109,453

)

(115,785

)

CREDITORS
Amounts falling due after more than one year 8 42,774 46,544
NET LIABILITIES (152,227 ) (162,329 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (152,228 ) (162,330 )
SHAREHOLDERS' FUNDS (152,227 ) (162,329 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

BALANCE SHEET - continued
31 March 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 31 January 2025 and were signed by:





Mrs S Simpson - Director


WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Whitebox3 Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 20,288 46,640 15,171
Additions - - -
Disposals - - -
At 31 March 2024 20,288 46,640 15,171
DEPRECIATION
At 1 April 2023 16,230 42,755 14,054
Charge for year 2,029 777 224
Eliminated on disposal - - -
At 31 March 2024 18,259 43,532 14,278
NET BOOK VALUE
At 31 March 2024 2,029 3,108 893
At 31 March 2023 4,058 3,885 1,117

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 220,157 8,029 310,285
Additions 9,595 - 9,595
Disposals (79,161 ) (139 ) (79,300 )
At 31 March 2024 150,591 7,890 240,580
DEPRECIATION
At 1 April 2023 161,953 7,020 242,012
Charge for year 13,296 237 16,563
Eliminated on disposal (64,546 ) (80 ) (64,626 )
At 31 March 2024 110,703 7,177 193,949
NET BOOK VALUE
At 31 March 2024 39,888 713 46,631
At 31 March 2023 58,204 1,009 68,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 177,652
Disposals (41,386 )
At 31 March 2024 136,266
DEPRECIATION
At 1 April 2023 127,171
Charge for year 10,779
Eliminated on disposal (34,021 )
At 31 March 2024 103,929
NET BOOK VALUE
At 31 March 2024 32,337
At 31 March 2023 50,481

5. STOCKS
2024 2023
£    £   
Stocks 5,000 75,000

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,113 2,750
Other debtors 9,989 11,595
Deferred tax asset
Accelerated capital allowances 7,342 -
Prepayments and accrued income 729 1,701
21,173 16,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 12,260 13,625
Hire purchase contracts 18,757 49,830
Trade creditors 26,721 26,387
Tax 29,175 27,639
Social security and other taxes 15,646 25,665
VAT 7,123 9,763
Other creditors 8,040 9,079
Directors' current accounts 57,741 95,107
Accruals and deferred income 13,250 18,089
188,713 275,184

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 28,874 34,374
Hire purchase contracts 13,900 12,170
42,774 46,544

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,875 12,375

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 6,760 8,125
Bank loans 5,500 5,500
12,260 13,625

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,500 5,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,499 16,499

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,875 12,375

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (162,330 )
Profit for the year 10,102
At 31 March 2024 (152,228 )

12. RELATED PARTY DISCLOSURES

The company paid rent of £2,000 (2023: £Nil) to a company owned by the directors. At the year end Whitebox3 Ltd was owed £9,989 (2023: £9,989) by that company).

WHITEBOX3 LTD (REGISTERED NUMBER: 06265345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

13. GOING CONCERN

The company is reliant upon the continuing support of the director to remain as a going concern. The accounts have been prepared on the basis that this support will continue.