Blubox Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11884506

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		137,092		65,849

			137,092		65,849
CURRENT ASSETS
Stocks		272,321		631,395
Debtors	5	163,739		145,792
Cash at bank and in hand		291,154		449,678

		727,214		1,226,865
Creditors: Amounts Falling Due Within One Year	6	(282,329 )		(961,583 )

NET CURRENT ASSETS (LIABILITIES)			444,885		265,282

TOTAL ASSETS LESS CURRENT LIABILITIES			581,977		331,131

Creditors: Amounts Falling Due After More Than One Year	7		(39,926 )		(31,668 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(32,635 )		(15,262 )

NET ASSETS			509,416		284,201

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			509,316		284,101

SHAREHOLDERS' FUNDS			509,416		284,201

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Blubox Developments Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Ward Director	Mr Alexander Willis Director
11 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Blubox Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11884506 . The registered office is Unit 1p Westpark 26 Chelston, Wellington, Somerset, TA21 9AD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Blubox Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was 10 (2024: 10)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	30,035	82,133	2,043	114,211
Additions	44,447	60,455	2,431	107,333
Disposals	-	(6,000 )	-	(6,000 )

As at 31 March 2025	74,482	136,588	4,474	215,544

Depreciation
As at 1 April 2024	14,495	32,583	1,284	48,362
Provided during the period	8,709	23,810	758	33,277
Disposals	-	(3,187 )	-	(3,187 )

As at 31 March 2025	23,204	53,206	2,042	78,452

Net Book Value
As at 31 March 2025	51,278	83,382	2,432	137,092

As at 1 April 2024	15,540	49,550	759	65,849

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Blubox Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	162,810	131,383
Prepayments and accrued income	-	2,900
Other debtors	929	1,648
VAT	-	9,761
Net wages	-	100

	163,739	145,792

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,684	4,635
Trade creditors	110,443	117,193
Bank loans and overdrafts	5,611	5,486
Corporation tax	78,523	66,209
Other taxes and social security	4,841	5,264
VAT	30,052	-
Other creditors	-	423,025
Pension creditor	3,037	1,062
Credit card	16,167	13,544
Accruals and deferred income	4,750	1,250
Directors' loan accounts	22,221	323,915

	282,329	961,583

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,685	817
Bank loans	25,241	30,851

	39,926	31,668

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	21,369		5,452

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Blubox Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,684	4,635
Later than one year and not later than five years	14,685	817

	21,369	5,452

	21,369	5,452

10. Related Party Transactions

The directors maintained loan accounts with the company. The loans are interest free and repayable on demand. At the balance sheet date the amount due to the directors was £22,221 (2024: £323,915).

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