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Registered number: 03976350
Fleetwood Box Company Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Brown & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03976350
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 156,650 110,117
156,650 110,117
CURRENT ASSETS
Stocks 5 52,439 54,837
Debtors 6 121,899 36,988
Cash at bank and in hand 63,213 13,662
237,551 105,487
Creditors: Amounts Falling Due Within One Year 7 (259,997 ) (117,717 )
NET CURRENT ASSETS (LIABILITIES) (22,446 ) (12,230 )
TOTAL ASSETS LESS CURRENT LIABILITIES 134,204 97,887
Creditors: Amounts Falling Due After More Than One Year 8 (9,498 ) (20,348 )
NET ASSETS 124,706 77,539
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 124,586 77,419
SHAREHOLDERS' FUNDS 124,706 77,539
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Richard Wilson
Director
28/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fleetwood Box Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03976350 . The registered office is 5A Marsh Mill Village, Fleetwood Road North, Thornton-Cleveleys, Lancashire, FY5 4JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% on Cost
Plant & Machinery 20% on Cost
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% on Cost
Computer Equipment 20% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 118,025 29,708 32,380 67,974
Additions - 60,417 - -
As at 31 May 2024 118,025 90,125 32,380 67,974
Depreciation
As at 1 June 2023 35,965 29,708 14,166 58,131
Provided during the period 2,360 2,014 4,554 4,956
As at 31 May 2024 38,325 31,722 18,720 63,087
Net Book Value
As at 31 May 2024 79,700 58,403 13,660 4,887
As at 1 June 2023 82,060 - 18,214 9,843
Computer Equipment Total
£ £
Cost
As at 1 June 2023 3,218 251,305
Additions - 60,417
As at 31 May 2024 3,218 311,722
Depreciation
As at 1 June 2023 3,218 141,188
Provided during the period - 13,884
As at 31 May 2024 3,218 155,072
Net Book Value
As at 31 May 2024 - 156,650
As at 1 June 2023 - 110,117
5. Stocks
2024 2023
£ £
Materials 52,439 54,837
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,375 29,462
Prepayments and accrued income 2,286 7,526
VAT 8,738 -
Amounts owed by other participating interests 77,500 -
121,899 36,988
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,699 5,699
Trade creditors 29,270 57,914
Bank loans and overdrafts 3,775 19,614
Other taxes and social security - 134
VAT - 892
Net wages - 494
Accruals and deferred income 1,102 1,808
Director's loan account 220,151 21,162
Amounts owed to related parties - 10,000
259,997 117,717
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,498 15,197
Bank loans - 5,151
9,498 20,348
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,699 5,699
Later than one year and not later than five years 9,498 15,197
15,197 20,896
15,197 20,896
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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11. Related Party Transactions
Included within Amounts owed by participating interests is an amount of £77,500 (2023: -£10,000) due from Jack Wright (Fleetwood) Limited.
12. Ultimate Controlling Party
The company's ultimate controlling party is John Wilson .
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