REGISTERED NUMBER: 11265602 (England and Wales)

BOXREC LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Sheppard

Dr M E Sheppard

REGISTERED OFFICE:

W H Prior

Railway Court

Doncaster

DN4 5FB

REGISTERED NUMBER:

11265602 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

BANKERS:

Santander

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

2,481

2,939

Tangible assets

5

23,430

10,095

25,911

13,034

CURRENT ASSETS

Debtors

6

139,563

144,114

Cash at bank

104,061

94,716

243,624

238,830

CREDITORS

Amounts falling due within one year

7

191,560

185,264

NET CURRENT ASSETS

52,064

53,566

TOTAL ASSETS LESS CURRENT LIABILITIES

77,975

66,600

PROVISIONS FOR LIABILITIES

3,535

53

NET ASSETS

74,440

66,547

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

73,440

65,547

SHAREHOLDERS' FUNDS

74,440

66,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 22nd December 2025 and were signed on its behalf by:

Dr M E Sheppard - Director

1.	STATUTORY INFORMATION

BoxRec 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Intangible fixed assets: trade marks

Trade marks costs have been capitalised at cost, and are being depreciated on a straight line basis of ten years over their legal life.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

4,581

AMORTISATION

At 1st April 2024

1,642

Charge for year

458

At 31st March 2025

2,100

NET BOOK VALUE

At 31st March 2025

2,481

At 31st March 2024

2,939

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

27,285

Additions

21,909

At 31st March 2025

49,194

DEPRECIATION

At 1st April 2024

17,190

Charge for year

8,574

At 31st March 2025

25,764

NET BOOK VALUE

At 31st March 2025

23,430

At 31st March 2024

10,095

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

84,857

48,191

Amounts recoverable on contract

47,187

81,943

Other debtors

7,519

13,980

139,563

144,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,148

18,034

Taxation and social security

156,034

141,017

Other creditors

16,378

26,213

191,560

185,264

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

J M Sheppard and Dr M E Sheppard

Balance outstanding at start of year

-

-

Amounts repaid

(392

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(392

)

-

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are J M Sheppard and Dr M E Sheppard who together own 100% of the issued share capital of the company.