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REGISTERED NUMBER: 07939323



















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

BOX ON LOGISTICS LTD

BOX ON LOGISTICS LTD (REGISTERED NUMBER: 07939323)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOX ON LOGISTICS LTD

Company Information
for the Year Ended 31st May 2024







DIRECTORS: R K Kaila
S K Kaila





REGISTERED OFFICE: 86 Antrobus Road
Handsworth
Birmingham
West Midlands
B21 9NY





REGISTERED NUMBER: 07939323






BOX ON LOGISTICS LTD (REGISTERED NUMBER: 07939323)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,498 10,854

CURRENT ASSETS
Debtors 5 1,601,496 1,382,852
Cash at bank and in hand 180,700 56,632
1,782,196 1,439,484
CREDITORS
Amounts falling due within one year 6 944,596 754,965
NET CURRENT ASSETS 837,600 684,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,098

695,373

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 847,096 695,371
SHAREHOLDERS' FUNDS 847,098 695,373

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BOX ON LOGISTICS LTD (REGISTERED NUMBER: 07939323)

Balance Sheet - continued
31st May 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 Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:




R K Kaila - Director



S K Kaila - Director


BOX ON LOGISTICS LTD (REGISTERED NUMBER: 07939323)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Box On Logistics Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Motor Vehicles - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Computer - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

BOX ON LOGISTICS LTD (REGISTERED NUMBER: 07939323)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 1,753 3,648 29,750 10,090 45,241
Additions 375 - - 1,433 1,808
At 31st May 2024 2,128 3,648 29,750 11,523 47,049
DEPRECIATION
At 1st June 2023 767 1,979 26,236 5,405 34,387
Charge for year 340 417 878 1,529 3,164
At 31st May 2024 1,107 2,396 27,114 6,934 37,551
NET BOOK VALUE
At 31st May 2024 1,021 1,252 2,636 4,589 9,498
At 31st May 2023 986 1,669 3,514 4,685 10,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 788,813 765,798
Other debtors 428,586 458,757
Factoring Account 384,097 158,297
1,601,496 1,382,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 5,053 5,053
Trade creditors 317,100 274,416
Tax 154,710 126,683
Social security and other taxes 5,058 3,553
Pension - 291
VAT 447,952 321,647
Other creditors 142 783
Directors' current accounts 2,963 6,142
Accrued expenses 11,618 16,397
944,596 754,965

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr R Kaila & Mr S Kaila