Registered number
05291470
Blue Box One Limited
Filleted Accounts
30 November 2024
Blue Box One Limited
Registered number: 05291470
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 77,202 90,133
Current assets
Stocks 3,285 3,500
Debtors 4 56,068 74,410
Cash at bank and in hand 319,588 296,802
378,941 374,712
Creditors: amounts falling due within one year 5 (136,013) (160,078)
Net current assets 242,928 214,634
Total assets less current liabilities 320,130 304,767
Creditors: amounts falling due after more than one year 6 (10,833) (20,833)
Net assets 309,297 283,934
Capital and reserves
Called up share capital 100 100
Profit and loss account 309,197 283,834
Shareholder's funds 309,297 283,934
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr P Whitehorne
Director
Approved by the board on 16 May 2025
Blue Box One Limited
Notes to the Accounts
for the year ended 30 November 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 (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 25% of written down value
Fixtures, fittings, tools and equipment 25% of written down value
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 38,407 27,198 74,206 139,811
At 30 November 2024 38,407 27,198 74,206 139,811
Depreciation
At 1 December 2023 - 21,573 28,105 49,678
Charge for the year - 1,406 11,525 12,931
At 30 November 2024 - 22,979 39,630 62,609
Net book value
At 30 November 2024 38,407 4,219 34,576 77,202
At 30 November 2023 38,407 5,625 46,101 90,133
4 Debtors 2024 2023
£ £
Trade debtors 49,517 69,391
Other debtors 6,551 5,019
56,068 74,410
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,001 10,379
Trade creditors 78,015 111,070
Taxation and social security costs 47,682 38,168
Other creditors 315 461
136,013 160,078
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,833 20,833
7 Controlling party
The ultimate controlling party is Mr P J Whitehorne, the sole director, who owns 100% of the
issued share capital of the company.
8 Other information
Blue Box One Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Eelmoor Road
Farnborough
Hampshire
GU14 7QN
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