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Registrar

Registration number: 02607549

Boxwise Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Boxwise Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Boxwise Limited

Company Information

Directors | D J George R G Cairns R J Lyon A M Boulter J Jolley

Registered office | Hornigals Little Tey Road Feering Colchester Essex C05 9RS

Solicitors | Prettys Solicitors LLP 6th Floor St Vincent House 1 Cutler Street Ipswich Suffolk IP1 1UQ

Bankers | Barclays Bank Plc Huntingdon Market Hill Huntingdon Cambridgeshire PE29 3AE

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Boxwise Limited

(Registration number: 02607549)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,681 | 6,142
Current assets |  |  |
Stocks | 5 | 263,829 | 270,339
Debtors | 6 | 1,445,010 | 1,508,472
Cash at bank and in hand |  | 62,096 | 52,660
|  | 1,770,935 | 1,831,471
Creditors: Amounts falling due within one year | 7 | (575,661) | (553,962)
Net current assets |  | 1,195,274 | 1,277,509
Total assets less current liabilities |  | 1,201,955 | 1,283,651
Provisions for liabilities |  | (1,670) | (1,167)
Net assets |  | 1,200,285 | 1,282,484
Capital and reserves |  |  |
Called up share capital | 8 | 12,000 | 12,000
Capital redemption reserve |  | 8,000 | 8,000
Retained earnings |  | 1,180,285 | 1,262,484
Shareholders' funds |  | 1,200,285 | 1,282,484

For the financial year ending 30 April 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:

......................................... A M Boulter Director | ......................................... J Jolley Director |

Boxwise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Hornigals, Little Tey Road, Feering, Colchester, Essex, C05 9RS.

These financial statements were authorised for issue by the Board on 12 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Summary of disclosure exemptions

The company has taken advantage of the following discourse exemption under FRS102:
- The requirement to disclose transactions with other members of the group in accordance with section 33.1A.

Revenue recognition

Turnover represents the fair value of the consideration received or receivable relating to merchanting and agency business for supplying and manufacturing packaging materials in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue on an accruals basis.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Boxwise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 50% Straight line method and 25% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is stated at the lower of cost and net realisable value. Cost is represented by the purchase price of the product.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Boxwise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3 | Staff numbers

The average number of persons employed by the company during the year, was 6 (2024 - 6).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 May 2024 | 59,778 | 59,778
Additions | 4,887 | 4,887
Disposals | (7,456) | (7,456)
At 30 April 2025 | 57,209 | 57,209
Depreciation
At 1 May 2024 | 53,636 | 53,636
Charge for the year | 4,348 | 4,348
Eliminated on disposal | (7,456) | (7,456)
At 30 April 2025 | 50,528 | 50,528
Carrying amount
At 30 April 2025 | 6,681 | 6,681
At 30 April 2024 | 6,142 | 6,142

5 | Stocks

| 2025 £ | 2024 £
Goods for resale | 263,829 | 270,339

Boxwise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 617,061 | 594,206
Amounts owed by group undertakings | 365,148 | 272,381
Other debtors | 437,847 | 622,079
Prepayments | 24,954 | 19,806
| 1,445,010 | 1,508,472

Whilst amounts owed by group undertakings are due on demand they are unlikely to be received within one year.

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 471,679 | 483,670
Social security and other taxes | 23,378 | 21,611
Other payables | 1,579 | 1,560
Accrued expenses | 20,709 | 8,694
Corporation tax | 58,316 | 38,427
| 575,661 | 553,962

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 12,000 | 12,000 | 12,000 | 12,000

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £60,280 (2024 - £88,798). The financial commitments are in respect of non-cancellable operating leases.

Boxwise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

10 | Parent and ultimate parent undertaking

The company's immediate parent is CLF Packaging Limited, incorporated in England and Wales.
The ultimate parent is CLF Group Limited, incorporated in England and Wales.