REGISTERED NUMBER: 11096912 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRIGHT BOX MAKERSPACE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Bradley

K R Rodgers

A Bhupal

REGISTERED OFFICE:

Digital Media Centre

County Way

Attn Brightbox

Barnsley

S70 2JW

REGISTERED NUMBER:

11096912 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

4,379

7,684

CURRENT ASSETS

Debtors

5

25,361

22,634

Cash at bank and in hand

40,592

40,907

65,953

63,541

CREDITORS

Amounts falling due within one year

6

47,561

30,753

NET CURRENT ASSETS

18,392

32,788

TOTAL ASSETS LESS CURRENT LIABILITIES

22,771

40,472

PROVISIONS FOR LIABILITIES

-

1,460

NET ASSETS

22,771

39,012

RESERVES

Income and expenditure account

7

22,771

39,012

MEMBERS' FUNDS

22,771

39,012

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 surplus or deficit 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.

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 August 2025 and were signed on its behalf by:

K R Rodgers - Director

1.	STATUTORY INFORMATION

Bright Box Makerspace is a private company, limited by guarantee , 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.

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.

Asset Class

Depreciation method and rate

Fixtures, fittings and equipment

20% reducing balance

Computer equipment

Straight line over 3 years

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.

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 5 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

3,017

14,091

17,108

Additions

505

-

505

At 31 December 2024

3,522

14,091

17,613

DEPRECIATION

At 1 January 2024

1,100

8,324

9,424

Charge for year

434

3,376

3,810

At 31 December 2024

1,534

11,700

13,234

NET BOOK VALUE

At 31 December 2024

1,988

2,391

4,379

At 31 December 2023

1,917

5,767

7,684

Included in fixed assets are the following items purchased with grant money:-

Cost

Depreciation

£

to date £

Fixtures, fittings and equipment

119

92

Computer equipment

3,241

3,241

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,596

3,369

Other debtors

14,765

19,265

25,361

22,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

128

Taxation and social security

3,058

4,038

Other creditors

44,503

26,587

47,561

30,753

Deferred Income

Included in other creditors is deferred income of £32,651 (2023 : £12,872).

7.

RESERVES

Income

and

expenditure

account

£

At 1 January 2024

39,012

Deficit for the year

(16,241

)

At 31 December 2024

22,771

8.	LIMITED BY GUARANTEE

The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while they are a member or within one year after they cease to be a member for:-

(a) payment of the company's debts and liabilities contracted before they cease to be a member,

(b) payment of the costs, charges and expense of winding up, and

(c) adjustment of the rights of the contibutories among themselves.