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COMPANY REGISTRATION NUMBER: 01637719

Box House (Services) Ltd

Filleted Unaudited Financial Statements

31 December 2024

Box House (Services) Ltd

Financial Statements

Year ended 31 December 2024

Contents | Page

Report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Box House (Services) Ltd

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Box House (Services) Ltd

Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Box House (Services) Ltd for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
18 September 2025

Box House (Services) Ltd

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Intangible assets | 5 | 1 | 1
Tangible assets | 6 | 4,613,022 | 4,633,677
| ------------ | ------------
| 4,613,023 | 4,633,678

Current assets

Debtors | 7 | 1,969,593 | 1,822,031
Cash at bank and in hand | 52,622 | 54,147
| ------------ | ------------
| 2,022,215 | 1,876,178

Creditors: amounts falling due within one year | 8 | 4,091,824 | 1,904,465
| ------------ | ------------
Net current liabilities | 2,069,609 | 28,287
| ------------ | ------------
Total assets less current liabilities | 2,543,414 | 4,605,391

Creditors: amounts falling due after more than one year | 9 | 78,638 | 2,016,897

Provisions | 606,988 | 611,496
| ------------ | ------------
Net assets | 1,857,788 | 1,976,998
| ------------ | ------------

Capital and reserves

Called up share capital | 74,100 | 74,100
Profit and loss account | 1,783,688 | 1,902,898
| ------------ | ------------
Shareholders funds | 1,857,788 | 1,976,998
| ------------ | ------------

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 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Box House (Services) Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

C G Tull |
Director |

Company registration number: 01637719

Box House (Services) Ltd

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Box House, Bath Road, Box, Corsham, Wiltshire, SN13 8AA.
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 goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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.
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.
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:

| Plant and machinery | - | 4 to 20 years straight line
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 4 to 10 years straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Depreciation is not charged on the property which is a departure from the provisions of the Companies Act 2006 in order to give a true and fair view.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Bank loans are initially recognised at the transaction price, being the amount received from the bank, less transaction costs. Subsequently bank loans are measured at amortised cost using the effective interest method. As such, arrangement fees and other transaction costs are amortised over the expected life of the loan. Interest free loans to and from the company, that are repayable on demand, are measured at cost. Debtors are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, a bad debt is recognised in the profit or loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 January 2024 and 31 December 2024 | 1
| ----
Amortisation |
At 1 January 2024 and 31 December 2024 | –
| ----
Carrying amount |
At 31 December 2024 | 1
| ----
At 31 December 2023 | 1
| ----

6. Tangible assets

| Freehold property | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost or valuation |  |  |  |  |
At 1 January 2024 | 4,500,000 | 493,752 | 29,402 | 43,953 | 5,067,107
Additions | 3,703 | 4,670 | – | – | 8,373
Revaluations | ( 3,703) | – | – | – | ( 3,703)
| ------------ | --------- | -------- | -------- | ------------
At 31 December 2024 | 4,500,000 | 498,422 | 29,402 | 43,953 | 5,071,777
| ------------ | --------- | -------- | -------- | ------------
Depreciation |  |  |  |  |
At 1 January 2024 | – | 384,616 | 18,196 | 30,618 | 433,430
Charge for the year | – | 19,893 | 2,241 | 3,191 | 25,325
| ------------ | --------- | -------- | -------- | ------------
At 31 December 2024 | – | 404,509 | 20,437 | 33,809 | 458,755
| ------------ | --------- | -------- | -------- | ------------
Carrying amount |  |  |  |  |
At 31 December 2024 | 4,500,000 | 93,913 | 8,965 | 10,144 | 4,613,022
| ------------ | --------- | -------- | -------- | ------------
At 31 December 2023 | 4,500,000 | 109,136 | 11,206 | 13,335 | 4,633,677
| ------------ | --------- | -------- | -------- | ------------

The director, Mr C Tull, considers the open market value of the property at 31st December 2024 to be £4,500,000 (2023 - £4,500,000).
7. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 58,238 | 84,580
Other debtors | 1,911,355 | 1,737,451
| ------------ | ------------
| 1,969,593 | 1,822,031
| ------------ | ------------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 2,169,913 | 10,092
Trade creditors | 46,723 | 37,797
Corporation tax | 8,952 | –
Social security and other taxes | 80,381 | 23,416
Other creditors | 1,785,855 | 1,833,160
| ------------ | ------------
| 4,091,824 | 1,904,465
| ------------ | ------------

The figure for bank loans and overdrafts includes £2,139,764(2023 - nil) secured by a first legal charge over the freehold property of the company.
9. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 78,638 | 2,016,897
| -------- | ------------

The figure for bank loans and overdrafts includes £nil (2023 - £2,001,225) secured by a first legal charge over the freehold property of the company .
10. Director's advances, credits and guarantees
The director, Mr C Tull, borrowed £1,640 (2023 £9,330) during the year and repaid the loan in full by the end of each year. These loans were interest free and repayable on demand.