REGISTERED NUMBER: 11564544 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOXCHAIN MOVING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J Carter

Mr S A Johnston

REGISTERED OFFICE:

Icon House

Fernbank Centre

High Street

Crowborough

East Sussex

TN6 2QY

REGISTERED NUMBER:

11564544 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

5,475

7,275

Tangible assets

5

1,323

1,088

6,798

8,363

CURRENT ASSETS

Debtors

6

23,268

19,194

Cash at bank

6,581

30,403

29,849

49,597

CREDITORS

Amounts falling due within one year

7

(200,474

)

(232,886

)

NET CURRENT LIABILITIES

(170,625

)

(183,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(163,827

)

(174,926

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(164,827

)

(175,926

)

SHAREHOLDERS' FUNDS

(163,827

)

(174,926

)

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:

Mr B J Carter - Director

Mr S A Johnston - Director

1.	STATUTORY INFORMATION

Boxchain Moving 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.

The directors report net current liabilities of £170,625 (2023: £183,289) but they consider that the company will be able to trade profitably for the foreseeable future and will continue to support the company.

Due to the above, the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

7,275

AMORTISATION

Amortisation for year

1,800

At 31 December 2024

1,800

NET BOOK VALUE

At 31 December 2024

5,475

At 31 December 2023

7,275

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

3,348

Additions

1,167

At 31 December 2024

4,515

DEPRECIATION

At 1 January 2024

2,260

Charge for year

932

At 31 December 2024

3,192

NET BOOK VALUE

At 31 December 2024

1,323

At 31 December 2023

1,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

22,187

16,061

Other debtors

1,081

3,133

23,268

19,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

17,965

37,082

Amounts owed to related parties

124,873

136,060

Other creditors

57,636

59,744

200,474

232,886

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

Icon Relocation Asia Pte

A company under common control.

During the year, the company recharged costs to Icon Relocation Asia Pte totalling £1,012 (2023: £186).

31.12.24

31.12.23

£

£

Amount due to related party at the balance sheet date

23,223

17,204

Icon Moving Services Ltd

A company under common control.

31.12.24

31.12.23

£

£

Amount due to related party at the balance sheet date

31,540

26,540

Icon Relocation Ltd

A company in which Mr S A Johnston is a director.

During the year, Icon Relocation Ltd recharged costs, including staff salaries, to the company totalling £79,247 (2023: £80,688).

31.12.24

31.12.23

£

£

Amount due to related party at the balance sheet date

70,109

92,316