6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 159,000 159,000 xbrli:pure xbrli:shares iso4217:GBP 04695676 2023-12-01 2024-11-30 04695676 2024-11-30 04695676 2023-11-30 04695676 2022-12-01 2023-11-30 04695676 2023-11-30 04695676 2022-11-30 04695676 core:NetGoodwill 2023-12-01 2024-11-30 04695676 core:FurnitureFittings 2023-12-01 2024-11-30 04695676 core:MotorVehicles 2023-12-01 2024-11-30 04695676 bus:Director1 2023-12-01 2024-11-30 04695676 core:NetGoodwill 2024-11-30 04695676 core:LandBuildings core:LongLeaseholdAssets 2023-11-30 04695676 core:FurnitureFittings 2023-11-30 04695676 core:MotorVehicles 2023-11-30 04695676 core:LandBuildings core:LongLeaseholdAssets 2024-11-30 04695676 core:FurnitureFittings 2024-11-30 04695676 core:LandBuildings core:LongLeaseholdAssets 2023-12-01 2024-11-30 04695676 core:WithinOneYear 2024-11-30 04695676 core:WithinOneYear 2023-11-30 04695676 core:AfterOneYear 2024-11-30 04695676 core:AfterOneYear 2023-11-30 04695676 core:ShareCapital 2024-11-30 04695676 core:ShareCapital 2023-11-30 04695676 core:RetainedEarningsAccumulatedLosses 2024-11-30 04695676 core:RetainedEarningsAccumulatedLosses 2023-11-30 04695676 core:BetweenOneFiveYears 2024-11-30 04695676 core:BetweenOneFiveYears 2023-11-30 04695676 core:LandBuildings core:LongLeaseholdAssets 2023-11-30 04695676 core:MotorVehicles 2023-11-30 04695676 bus:Director1 2023-11-30 04695676 bus:Director1 2024-11-30 04695676 bus:Director1 2022-11-30 04695676 bus:Director1 2023-11-30 04695676 bus:Director1 2022-12-01 2023-11-30 04695676 bus:SmallEntities 2023-12-01 2024-11-30 04695676 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04695676 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04695676 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04695676 bus:FullAccounts 2023-12-01 2024-11-30 04695676 core:OfficeEquipment 2023-12-01 2024-11-30 04695676 core:OfficeEquipment 2023-11-30 04695676 core:OfficeEquipment 2024-11-30
COMPANY REGISTRATION NUMBER: 04695676
BSOX Limited
Filleted Unaudited Financial Statements
30 November 2024
BSOX Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
4,132
6,521
Current assets
Debtors
7
54,342
16,545
Cash at bank and in hand
33,002
79,401
--------
--------
87,344
95,946
Creditors: amounts falling due within one year
8
76,485
67,893
--------
--------
Net current assets
10,859
28,053
--------
--------
Total assets less current liabilities
14,991
34,574
Creditors: amounts falling due after more than one year
9
5,848
16,514
--------
--------
Net assets
9,143
18,060
--------
--------
Capital and reserves
Called up share capital
700
700
Profit and loss account
8,443
17,360
-------
--------
Shareholders funds
9,143
18,060
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BSOX Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:
Mr G West
Director
Company registration number: 04695676
BSOX Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 216 Banbury Road, Summertown, Oxford, OX2 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
Over the life of the lease
Fixtures and fittings
-
20% straight line
Motor vehicles
-
33% straight line
Equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
159,000
---------
Amortisation
At 1 December 2023 and 30 November 2024
159,000
---------
Carrying amount
At 30 November 2024
---------
At 30 November 2023
---------
6. Tangible assets
Long leasehold property
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
3,265
26,449
12,699
46,654
89,067
Additions
550
550
Disposals
( 12,699)
( 26,449)
( 39,148)
-------
--------
--------
--------
--------
At 30 November 2024
3,265
26,999
20,205
50,469
-------
--------
--------
--------
--------
Depreciation
At 1 December 2023
2,767
26,449
10,763
42,567
82,546
Charge for the year
327
101
( 6,972)
575
( 5,969)
Disposals
( 3,791)
( 26,449)
( 30,240)
-------
--------
--------
--------
--------
At 30 November 2024
3,094
26,550
16,693
46,337
-------
--------
--------
--------
--------
Carrying amount
At 30 November 2024
171
449
3,512
4,132
-------
--------
--------
--------
--------
At 30 November 2023
498
1,936
4,087
6,521
-------
--------
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
18,165
4,500
Other debtors
36,177
12,045
--------
--------
54,342
16,545
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,648
10,098
Trade creditors
24,732
29,182
Corporation tax
12,096
Social security and other taxes
25,507
21,704
Other creditors
3,502
6,909
--------
--------
76,485
67,893
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,848
16,514
-------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Later than 1 year and not later than 5 years
27,267
69,824
--------
--------
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr G West
( 16)
89,139
( 60,446)
28,677
----
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr G West
( 2,457)
72,691
( 70,250)
( 16)
-------
--------
--------
----