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REGISTERED NUMBER: 09875824 (England and Wales)













Financial Statements

for the Year Ended 30 November 2024

for

Reuseabox Ltd.

Reuseabox Ltd. (Registered number: 09875824)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Reuseabox Ltd.

Company Information
for the year ended 30 November 2024







DIRECTOR: J A Good





REGISTERED OFFICE: Freeman Road
North Hykeham
Lincoln
Lincolnshire
LN6 9AP





REGISTERED NUMBER: 09875824 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Reuseabox Ltd. (Registered number: 09875824)

Abridged Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,311 63,547
Tangible assets 5 3,662,191 195,107
3,743,502 258,654

CURRENT ASSETS
Stocks 230,172 50,000
Debtors 271,411 377,491
Cash at bank and in hand 76,671 840,268
578,254 1,267,759
CREDITORS
Amounts falling due within one year 619,733 483,268
NET CURRENT (LIABILITIES)/ASSETS (41,479 ) 784,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,702,023

1,043,145

CREDITORS
Amounts falling due after more than one
year

(2,734,441

)

(60,271

)

PROVISIONS FOR LIABILITIES (57,846 ) (29,562 )
NET ASSETS 909,736 953,312

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 909,735 953,311
909,736 953,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Reuseabox Ltd. (Registered number: 09875824)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





J A Good - Director


Reuseabox Ltd. (Registered number: 09875824)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Reuseabox Ltd. 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.

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

Computer software
Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 15% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

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.

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.

Reuseabox Ltd. (Registered number: 09875824)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term or their useful lives.

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 21 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 63,547
Additions 47,760
At 30 November 2024 111,307
AMORTISATION
Amortisation for year 29,996
At 30 November 2024 29,996
NET BOOK VALUE

At 30 November 2024 81,311
At 30 November 2023 63,547

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 340,208
Additions 3,514,401
At 30 November 2024 3,854,609
DEPRECIATION
At 1 December 2023 145,101
Charge for year 47,317
At 30 November 2024 192,418
NET BOOK VALUE
At 30 November 2024 3,662,191
At 30 November 2023 195,107

Reuseabox Ltd. (Registered number: 09875824)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 29,479 31,696
Between one and five years 29,473 60,271
58,952 91,967

Non-cancellable
operating leases
2024 2023
£    £   
Within one year - 173,605

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,952 91,967

The amount due under hire purchase agreements is secured on the asset to which it relates.