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REGISTERED NUMBER: 06647112 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Therapy Box Limited

Therapy Box Limited (Registered number: 06647112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Therapy Box Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Bright
S R Gadgil





SECRETARY: S R Gadgil





REGISTERED OFFICE: 3 Sun Studios
30 Warple Way
London
W3 0RX





REGISTERED NUMBER: 06647112 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Therapy Box Limited (Registered number: 06647112)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 465 2,952
Tangible assets 5 356,887 368,075
Investments 6 256,240 509,474
613,592 880,501

CURRENT ASSETS
Stocks 1,699 5,771
Debtors 7 607,181 380,472
Cash at bank and in hand 119,408 64,643
728,288 450,886
CREDITORS
Amounts falling due within one year 8 162,027 75,394
NET CURRENT ASSETS 566,261 375,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,179,853

1,255,993

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 182,222 186,904
Retained earnings 997,531 1,068,989
1,179,853 1,255,993

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

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

Therapy Box Limited (Registered number: 06647112)

Balance Sheet - continued
31 December 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 24 June 2025 and were signed on its behalf by:




S R Gadgil - Director



R Bright - Director


Therapy Box Limited (Registered number: 06647112)

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

1. STATUTORY INFORMATION

Therapy Box Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 paid for the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Long leasehold property is held and used in the company's own activities for the supply of its services and stated in the statement of financial position at the revalued amounts. The revalued amounts equate to the fair value at the date of revaluation less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from the fair value at the date of the statement of financial position. Any revaluation increase or decrease on freehold property is transferred to the revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Therapy Box Limited (Registered number: 06647112)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial positionbalance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Investments comprise investments in quoted equity instruments which are measured at fair value. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Therapy Box Limited (Registered number: 06647112)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 35,113
AMORTISATION
At 1 January 2024 32,161
Charge for year 2,487
At 31 December 2024 34,648
NET BOOK VALUE
At 31 December 2024 465
At 31 December 2023 2,952

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 425,000 16,297 60,310 501,607
Additions - - 2,999 2,999
Disposals - - (550 ) (550 )
At 31 December 2024 425,000 16,297 62,759 504,056
DEPRECIATION
At 1 January 2024 77,950 11,007 44,575 133,532
Charge for year 8,686 794 4,485 13,965
Eliminated on disposal - - (328 ) (328 )
At 31 December 2024 86,636 11,801 48,732 147,169
NET BOOK VALUE
At 31 December 2024 338,364 4,496 14,027 356,887
At 31 December 2023 347,050 5,290 15,735 368,075

The transfer represents a redesignation of the property from freehold to long leasehold.

The long leasehold property cost £200,186 in 2013, and was revalued at £425,000 in 2021 by the directors.

6. FIXED ASSET INVESTMENTS

Market value of listed investments at 31 December 2024 - £246,240 (2023 - £509,474).

Therapy Box Limited (Registered number: 06647112)

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

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 66,588 30,220
Other debtors 545,224 334,391
611,812 364,611

Amounts falling due after more than one year:
Other debtors (4,631 ) 15,861

Aggregate amounts 607,181 380,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,251 44,546
Taxation and social security 61,011 5,010
Other creditors 98,765 25,838
162,027 75,394

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,840 5,761
Between one and five years - 3,840
3,840 9,601

10. RELATED PARTY DISCLOSURES

During the year the company made a loan to a company with common directors. The loan is interest free with no fixed terms for repayment. The balance outstanding at the end of the year is £331,515 (2023: £331,504).

During the year the company made a loan to a company with common directors. The loan is interest free with no fixed terms for repayment. The balance outstanding at the end of the year is £201,314 (2023: £0).

During the year the company entered into transactions with a company with common directors, relating to technology support & development expenses. The balance is interest free with no fixed terms for repayment. The transactions during the year totalled £39,690 (2023: £68,267) and the balance outstanding at the end of the year is £39,690 (2023: £41,421).