IRIS Accounts Production v25.1.4.42 05440833 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054408332024-01-31054408332025-01-31054408332024-02-012025-01-31054408332023-01-31054408332023-02-012024-01-31054408332024-01-3105440833ns15:EnglandWales2024-02-012025-01-3105440833ns14:PoundSterling2024-02-012025-01-3105440833ns10:Director12024-02-012025-01-3105440833ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105440833ns10:SmallEntities2024-02-012025-01-3105440833ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3105440833ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105440833ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105440833ns10:FullAccounts2024-02-012025-01-3105440833ns10:OrdinaryShareClass12024-02-012025-01-3105440833ns10:Director22024-02-012025-01-3105440833ns10:RegisteredOffice2024-02-012025-01-3105440833ns5:CurrentFinancialInstruments2025-01-3105440833ns5:CurrentFinancialInstruments2024-01-3105440833ns5:Non-currentFinancialInstruments2025-01-3105440833ns5:Non-currentFinancialInstruments2024-01-3105440833ns5:ShareCapital2025-01-3105440833ns5:ShareCapital2024-01-3105440833ns5:RetainedEarningsAccumulatedLosses2025-01-3105440833ns5:RetainedEarningsAccumulatedLosses2024-01-3105440833ns5:FurnitureFittings2024-02-012025-01-3105440833ns5:MotorVehicles2024-02-012025-01-3105440833ns5:ComputerEquipment2024-02-012025-01-3105440833ns5:FurnitureFittings2024-01-3105440833ns5:MotorVehicles2024-01-3105440833ns5:ComputerEquipment2024-01-3105440833ns5:FurnitureFittings2025-01-3105440833ns5:MotorVehicles2025-01-3105440833ns5:ComputerEquipment2025-01-3105440833ns5:FurnitureFittings2024-01-3105440833ns5:MotorVehicles2024-01-3105440833ns5:ComputerEquipment2024-01-3105440833ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105440833ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105440833ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105440833ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105440833ns5:WithinOneYear2025-01-3105440833ns5:WithinOneYear2024-01-3105440833ns5:BetweenOneFiveYears2025-01-3105440833ns5:BetweenOneFiveYears2024-01-3105440833ns5:AllPeriods2025-01-3105440833ns5:AllPeriods2024-01-3105440833ns10:OrdinaryShareClass12025-01-31
REGISTERED NUMBER: 05440833 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2025

for

UNBOXED CONSULTING LIMITED

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Contents of the Financial Statements
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNBOXED CONSULTING LIMITED

Company Information
for the year ended 31 January 2025







Directors: M R Evans
M R Turrell





Registered office: 60-62 Commercial Street
London
E1 6LT





Registered number: 05440833 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Balance Sheet
31 January 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 6,336 85,089
Investments 5 9 216,357
6,345 301,446

Current assets
Debtors 6 1,019,036 1,693,762
Cash at bank 582,494 974,237
1,601,530 2,667,999
Creditors
Amounts falling due within one year 7 659,732 497,291
Net current assets 941,798 2,170,708
Total assets less current liabilities 948,143 2,472,154

Creditors
Amounts falling due after more than one
year

8

5,004

15,004
Net assets 943,139 2,457,150

Capital and reserves
Called up share capital 10 143 143
Retained earnings 942,996 2,457,007
Shareholders' funds 943,139 2,457,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Balance Sheet - continued
31 January 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





M R Turrell - Director


UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Notes to the Financial Statements
for the year ended 31 January 2025


1. Statutory information

Unboxed Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The directors are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


2. Accounting policies - continued

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial
Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

Tax credits arising from claims made under the SME R&D tax relief scheme are reflected 'below the line' as a reduction in the Corporation Tax charge or, if loss-making, as a Corporation Tax credit. Tax credits arising from claims made under the RDEC scheme are subject to Corporation Tax. Gross tax credits are therefore reflected 'above the line' in Other income with the corresponding charge to Corporation Tax reflected in the Corporation Tax charge, or credit (if loss-making). Tax credits receivable from R&D claims are recognized in the reporting period in which the qualifying expenditure is incurred.

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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.

Investments
Fixed asset investments are stated at fair value, with increases in fair value recognised in other comprehensive income. Decreases in fair value are recognised in profit and loss unless they reverse an earlier recognised increase in fair value.

3. Employees and directors

The average number of employees during the year was 19 (2024 - 23 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 February 2024 648 108,971 89,763 199,382
Additions - 220 2,082 2,302
Disposals - (109,191 ) - (109,191 )
At 31 January 2025 648 - 91,845 92,493
Depreciation
At 1 February 2024 295 40,219 73,779 114,293
Charge for year 65 4,448 12,018 16,531
Eliminated on disposal - (44,667 ) - (44,667 )
At 31 January 2025 360 - 85,797 86,157
Net book value
At 31 January 2025 288 - 6,048 6,336
At 31 January 2024 353 68,752 15,984 85,089

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2025 2024
£ £
Investment in Char.gy - 216,347
Services Platform CIC - 1
Development Pty 9 9
9 216,357

6. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 1,217 24,874
Amounts owed by group undertakings 905,833 -
Other debtors 111,986 1,668,888
1,019,036 1,693,762

7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Finance leases (see note 9) - 53,984
Trade creditors 18,350 53,505
Taxation and social security 177,121 131,531
Other creditors 454,261 248,271
659,732 497,291

8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 5,004 15,004

9. Leasing agreements

Minimum lease payments fall due as follows:

Finance leases
2025 2024
£ £
Net obligations repayable:
Within one year - 53,984

UNBOXED CONSULTING LIMITED (REGISTERED NUMBER: 05440833)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


9. Leasing agreements - continued

Non-cancellable
operating leases
2025 2024
£ £
Within one year 111,910 112,351
Between one and five years 289,369 401,279
401,279 513,630

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
14,275 Ordinary 0.01 143 143