Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falseNo description of principal activity22truetruefalse 04494811 2023-08-01 2024-07-31 04494811 2022-08-01 2023-07-31 04494811 2024-07-31 04494811 2023-07-31 04494811 c:Director1 2023-08-01 2024-07-31 04494811 d:OfficeEquipment 2023-08-01 2024-07-31 04494811 d:OfficeEquipment 2024-07-31 04494811 d:OfficeEquipment 2023-07-31 04494811 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04494811 d:CurrentFinancialInstruments 2024-07-31 04494811 d:CurrentFinancialInstruments 2023-07-31 04494811 d:Non-currentFinancialInstruments 2024-07-31 04494811 d:Non-currentFinancialInstruments 2023-07-31 04494811 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04494811 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04494811 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04494811 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04494811 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 04494811 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 04494811 d:ShareCapital 2024-07-31 04494811 d:ShareCapital 2023-07-31 04494811 d:RetainedEarningsAccumulatedLosses 2024-07-31 04494811 d:RetainedEarningsAccumulatedLosses 2023-07-31 04494811 c:OrdinaryShareClass1 2023-08-01 2024-07-31 04494811 c:OrdinaryShareClass1 2024-07-31 04494811 c:OrdinaryShareClass1 2023-07-31 04494811 c:FRS102 2023-08-01 2024-07-31 04494811 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04494811 c:FullAccounts 2023-08-01 2024-07-31 04494811 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04494811 2 2023-08-01 2024-07-31 04494811 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04494811










BOXER MARTIN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BOXER MARTIN LIMITED
REGISTERED NUMBER: 04494811

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,361
1,315

  
1,361
1,315

Current assets
  

Debtors: amounts falling due within one year
 5 
594,200
671,537

Cash at bank and in hand
 6 
176,125
485,782

  
770,325
1,157,319

Creditors: amounts falling due within one year
 7 
(104,769)
(221,736)

Net current assets
  
 
 
665,556
 
 
935,583

Total assets less current liabilities
  
666,917
936,898

Creditors: amounts falling due after more than one year
 8 
(113,609)
(113,607)

  

Net assets
  
553,308
823,291


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
553,306
823,289

  
553,308
823,291


Page 1

 
BOXER MARTIN LIMITED
REGISTERED NUMBER: 04494811
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Boxer
Director

Date: 28 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Boxer Martin Ltd. is a private limited company, limited by shares, incorporated in England and Wales with its registered office and principal place of business at 47 St Mary's Grove, London, W4 3LN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
2
2

Page 6

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
20,214


Additions
499



At 31 July 2024

20,713



Depreciation


At 1 August 2023
18,899


Charge for the year on owned assets
453



At 31 July 2024

19,352



Net book value



At 31 July 2024
1,361



At 31 July 2023
1,315

Page 7

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
50,000

Other debtors
594,200
621,393

Deferred taxation
-
144

594,200
671,537



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
176,125
485,782

176,125
485,782



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
452
475

Other taxation and social security
91,972
209,026

Accruals and deferred income
2,345
2,235

104,769
221,736



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,333
18,333

Amounts owed to group undertakings
105,276
95,274

113,609
113,607


Page 8

 
BOXER MARTIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
8,333
18,333


8,333
18,333



18,333
28,333



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2


 
Page 9