Registered number
13131737
TheEnergyBox Limited
Report and Accounts
27 February 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
TheEnergyBox Limited
Registered number: 13131737
Balance Sheet
as at 27 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,648 26,899
Current assets
Stocks 7,713 3,000
Debtors 4 296,817 217,455
Cash at bank and in hand 2,000 8,883
306,530 229,338
Creditors: amounts falling due within one year 5 (303,740) (79,735)
Net current assets 2,790 149,603
Total assets less current liabilities 27,438 176,502
Creditors: amounts falling due after more than one year 6 (7,842) (12,517)
Provisions for liabilities (5,111) (5,111)
Net assets 14,485 158,874
Capital and reserves
Called up share capital 2 2
Profit and loss account 14,483 158,872
Shareholders' funds 14,485 158,874
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Watts
Director
Approved by the board on 16 December 2024
TheEnergyBox Limited
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% straight line
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Computer Equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2023 1,311 36,913 38,224
Additions 570 6,750 7,320
Disposals - (1,500) (1,500)
At 27 February 2024 1,881 42,163 44,044
Depreciation
At 1 March 2023 437 10,888 11,325
Charge for the period 627 7,944 8,571
On disposals - (500) (500)
At 27 February 2024 1,064 18,332 19,396
Net book value
At 27 February 2024 817 23,831 24,648
At 28 February 2023 874 26,025 26,899
4 Debtors 2024 2023
£ £
Trade debtors 203,301 122,376
Amounts owed by group undertakings and undertakings in which the company has a participating interest 50,019 49,824
Other debtors 43,497 45,255
296,817 217,455
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,981 -
Obligations under finance lease and hire purchase contracts 4,675 4,675
Trade creditors 127,306 13,980
Corporation tax 25,844 52,236
Other taxes and social security costs 20,390 643
Other creditors 99,544 8,201
303,740 79,735
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,842 12,517
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