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REGISTERED NUMBER: 08754990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

BOXED OFF GRIPS LTD

BOXED OFF GRIPS LTD (Registered number: 08754990)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOXED OFF GRIPS LTD

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr MW Jones





REGISTERED OFFICE: 27 Willow Way
Didsbury
Manchester
Greater Manchester
M20 6JT





REGISTERED NUMBER: 08754990 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

BOXED OFF GRIPS LTD (Registered number: 08754990)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,633 10,792
8,633 10,792

CURRENT ASSETS
Debtors 6 120 4,104
Cash at bank and in hand 46,086 64,039
46,206 68,143
CREDITORS
Amounts falling due within one year 7 12,407 21,867
NET CURRENT ASSETS 33,799 46,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,432

57,068

PROVISIONS FOR LIABILITIES 1,640 2,698
NET ASSETS 40,792 54,370

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 40,592 54,170
SHAREHOLDERS' FUNDS 40,792 54,370

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BOXED OFF GRIPS LTD (Registered number: 08754990)

Balance Sheet - continued
31 October 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 3 March 2025 and were signed by:





Mr MW Jones - Director


BOXED OFF GRIPS LTD (Registered number: 08754990)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

BOXED OFF GRIPS 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

BOXED OFF GRIPS LTD (Registered number: 08754990)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 36,000
AMORTISATION
At 1 November 2023
and 31 October 2024 36,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 58,638
DEPRECIATION
At 1 November 2023 47,846
Charge for year 2,159
At 31 October 2024 50,005
NET BOOK VALUE
At 31 October 2024 8,633
At 31 October 2023 10,792

BOXED OFF GRIPS LTD (Registered number: 08754990)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 120 4,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation Tax 6,456 10,972
VAT 3,626 9,473
Directors' loan accounts 935 251
Accrued expenses 1,390 1,171
12,407 21,867

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
200 Ordinary £1 200 200

9. RESERVES
Retained
earnings
£   

At 1 November 2023 54,170
Profit for the year 26,422
Dividends (40,000 )
At 31 October 2024 40,592

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr MW Jones.