1 November 2022 false No description of principal activity Taxfiler 2024.7 true 12290896business:PrivateLimitedCompanyLtd2022-11-012023-12-31 122908962022-10-31 122908962022-11-012023-12-31 12290896business:AuditExempt-NoAccountantsReport2022-11-012023-12-31 12290896business:FilletedAccounts2022-11-012023-12-31 122908962023-12-31 12290896business:Director12022-11-012023-12-31 12290896business:Director22022-11-012023-12-31 12290896business:RegisteredOffice2022-11-012023-12-31 122908962022-10-31 12290896core:WithinOneYear2023-12-31 12290896core:WithinOneYear2022-10-31 12290896core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 12290896core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12290896core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 12290896core:SharePremiumcore:PreviouslyStatedAmount2022-10-31 12290896core:CapitalContributionReservecore:PreviouslyStatedAmount2023-12-31 12290896core:CapitalContributionReservecore:PreviouslyStatedAmount2022-10-31 12290896core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 12290896core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12290896core:PreviouslyStatedAmount2023-12-31 12290896core:PreviouslyStatedAmount2022-10-31 12290896business:SmallEntities2022-11-012023-12-31 12290896countries:EnglandWales2022-11-012023-12-31 12290896core:PlantMachinery2022-11-012023-12-31 12290896core:ComputerEquipment2022-11-012023-12-31 12290896core:IntangibleAssetsOtherThanGoodwill2022-10-31 12290896core:IntangibleAssetsOtherThanGoodwill2023-12-31 12290896core:PlantMachinery2022-10-31 12290896core:FurnitureFittings2022-10-31 12290896core:ComputerEquipment2022-10-31 12290896core:FurnitureFittings2022-11-012023-12-31 12290896core:PlantMachinery2023-12-31 12290896core:FurnitureFittings2023-12-31 12290896core:ComputerEquipment2023-12-31 122908962021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12290896 (England and Wales)
Box of Heat Ltd Unaudited accounts for the period from 1 November 2022 to 31 December 2023
Box of Heat Ltd Unaudited accounts Contents
Page
- 2 -
Box of Heat Ltd Company Information for the period from 1 November 2022 to 31 December 2023
Directors
J Wilkinson M Maher
Company Number
12290896 (England and Wales)
Registered Office
UNIT 12A 31 EAST BUSINESS PARK KINGFISHER WAY DINNINGTON ROTHERHAM S25 3AF UNITED KINGDOM
- 3 -
Box of Heat Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
77,000 
77,000 
Tangible assets
59,482 
66,190 
136,482 
143,190 
Current assets
Inventories
1,804,108 
1,402,977 
Debtors
901,544 
537,255 
Cash at bank and in hand
25,362 
47,772 
2,731,014 
1,988,004 
Creditors: amounts falling due within one year
(3,613,971)
(2,199,395)
Net current liabilities
(882,957)
(211,391)
Net liabilities
(746,475)
(68,201)
Capital and reserves
Called up share capital
151 
151 
Share premium
2,399,949 
2,399,949 
Capital contribution reserve
2,178,392 
- 
Profit and loss account
(5,324,967)
(2,468,301)
Shareholders' funds
(746,475)
(68,201)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
J Wilkinson Director Company Registration No. 12290896
- 4 -
Box of Heat Ltd Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
1
Statutory information
Box of Heat Ltd is a private company, limited by shares, registered in England and Wales, registration number 12290896. The registered office is UNIT 12A 31 EAST BUSINESS PARK, KINGFISHER WAY, DINNINGTON, ROTHERHAM, S25 3AF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
Intangible fixed assets
During the financial period, the amortisation on the intellectual property recognised under Intangible fixed assets has been reversed and no further amortisation will be recognised.
Going concern
The accounts have been prepared on the going concern basis. The company is currently in a period of growth while building its brand and customer base with the intention to turn a profit in the next 5 years. The company continues to operate through the support of loans from the shareholder's other businesses and outside investors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Box of Heat Ltd Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
77,000 
At 31 December 2023
77,000 
Amortisation
At 1 November 2022
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
77,000 
At 31 October 2022
77,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
20,897 
22,568 
42,124 
85,589 
Additions
808 
2,821 
12,837 
16,466 
At 31 December 2023
21,705 
25,389 
54,961 
102,055 
Depreciation
At 1 November 2022
6,685 
3,761 
8,953 
19,399 
Charge for the period
4,876 
5,664 
12,634 
23,174 
At 31 December 2023
11,561 
9,425 
21,587 
42,573 
Net book value
At 31 December 2023
10,144 
15,964 
33,374 
59,482 
At 31 October 2022
14,212 
18,807 
33,171 
66,190 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
16,518 
Trade debtors
164,777 
235,250 
Accrued income and prepayments
301,037 
85,517 
Other debtors
435,730 
199,970 
901,544 
537,255 
- 6 -
Box of Heat Ltd Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
40,114 
- 
Trade creditors
1,644,099 
875,699 
Taxes and social security
326,139 
151,601 
Other creditors
1,302,563 
1,096,965 
Loans from directors
214,684 
10,000 
Accruals
86,372 
65,130 
3,613,971 
2,199,395 
8
Capital contribution reserve
The capital contribution reserve includes amounts received under Simple Agreements for Future Equity (SAFE). These funds represent contributions from investors in anticipation of future equity issuance and do not carry any repayment obligation. Upon the occurrence of a qualifying event, such as a future equity financing or an exit event, the SAFE investment will convert into ordinary shares. At that point, the balance held in the capital contribution reserve will be transferred to Share Capital (for the nominal value of shares issued) and Share Premium (for any excess consideration). Until conversion, these funds remain classified within equity as a capital contribution, as they represent an unconditional contribution toward the company’s future capital structure.
9
Average number of employees
During the period the average number of employees was 19 (2022: 14).
- 7 -