Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08170605 Mr Peter Tuch Mr Michael Button Boxed Solutions Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08170605 2024-03-31 08170605 2025-03-31 08170605 2024-04-01 2025-03-31 08170605 frs-core:CurrentFinancialInstruments 2025-03-31 08170605 frs-core:ComputerEquipment 2025-03-31 08170605 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08170605 frs-core:ComputerEquipment 2024-03-31 08170605 frs-core:ShareCapital 2025-03-31 08170605 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08170605 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08170605 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08170605 frs-bus:SmallEntities 2024-04-01 2025-03-31 08170605 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08170605 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08170605 1 2024-04-01 2025-03-31 08170605 frs-core:UnlistedNon-exchangeTraded 2025-03-31 08170605 frs-core:UnlistedNon-exchangeTraded 2024-03-31 08170605 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 08170605 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 08170605 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 08170605 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 08170605 frs-bus:Director1 2024-04-01 2025-03-31 08170605 frs-bus:Director2 2024-04-01 2025-03-31 08170605 frs-countries:EnglandWales 2024-04-01 2025-03-31 08170605 2023-03-31 08170605 2024-03-31 08170605 2023-04-01 2024-03-31 08170605 frs-core:CurrentFinancialInstruments 2024-03-31 08170605 frs-core:ShareCapital 2024-03-31 08170605 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08170605
Boxed Management Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Boxed Management Services Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Boxed Management Services Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 08170605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,979 -
2,979 -
CURRENT ASSETS
Debtors 6 1,805,167 1,384,979
Cash at bank and in hand 34,827 184,686
1,839,994 1,569,665
Creditors: Amounts Falling Due Within One Year 7 (3,366,659 ) (2,689,293 )
NET CURRENT ASSETS (LIABILITIES) (1,526,665 ) (1,119,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,523,686 ) (1,119,628 )
NET LIABILITIES (1,523,686 ) (1,119,628 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,523,786 ) (1,119,728 )
SHAREHOLDERS' FUNDS (1,523,686) (1,119,628)
Page 1
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Boxed Management Services 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 Peter Tuch
Director
29th December 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Boxed Management Services Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Boxed Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08170605 . The registered office is Office 6, Bristol Science Park Dirac Crescent , Emersons Green, Bristol, BS16 7FR.
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:
Computer Equipment 25% Straight Line
2.4. 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.
...CONTINUED
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Boxed Management Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.4. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 6 (2024: 5)
6 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 -
Additions 3,427
As at 31 March 2025 3,427
Depreciation
As at 1 April 2024 -
Provided during the period 448
As at 31 March 2025 448
Net Book Value
As at 31 March 2025 2,979
As at 1 April 2024 -
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 50,000
As at 31 March 2025 50,000
Provision
As at 1 April 2024 50,000
As at 31 March 2025 50,000
...CONTINUED
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Boxed Management Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
Investments are measured at cost less accumulated impairment
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,912
Amounts owed by group undertakings 1,674,519 705,494
Other debtors 130,648 677,573
1,805,167 1,384,979
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 121,159 27,023
Bank loans and overdrafts 5,629 17,419
Other loans - 35,446
Amounts owed to group undertakings 3,072,583 2,580,300
Other creditors 1,224 96
Taxation and social security 166,064 29,009
3,366,659 2,689,293
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Boxed Energy Limited
Joint Venture
During the year, the Company provided the following services to Boxed Energy Limited: 
- management charges to the value of £36,000 (2024: £36,000) net of VAT
- on-site services to the value of £1,689,539 (2024: £273,563) net of VAT
During the year, Boxed Energy Limited incurred amounts owed to the Company of £2,063,785 (2024: £511,775) and a sum of £1,113,809 (2024: £486,000) was repaid. 
At the year-end, £1,121,151 (2024: £174,775) was owed to the Company by Boxed Energy Limited. 
The Company owns 50% of the issued share capital in Boxeed Energy Limited.
P Tuch and M Button, directors of the Company, are also directors of Boxed Energy Limited.
...CONTINUED
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Boxed Management Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Related Party Transactions - continued
Boxed Esco Services Limited
Common Directors
During the year, the Company provided the following services to Boxed Esco Services Limited:
- management charges to the value of £63,000 (2024: £63,000) net of VAT
- other services to the value of £35,088 (2024: £19,800) net of VAT
- telephone recharges to the value of £nil (2024: £21,700) net of VAT
At the year-end £33,404 (2024: £nil) was owed to the Company by Boxed Esco Services. 
P Tuch and M Button, directors of the Company, are also directors of Boxed Esco Services Limited.
Boxed Heat Services Limited
During the year, Boxed Heat Services Limited loaned the Company £712,586 (2024: £262,158) and repaid £716,811 (2024: £726,422). At the year-end,  £218,991 (2023: £223,215) was owed to Boxed Heat Services Limited by the Company. 
The Company's parent company (Boxed Solutions Limited) is also the parent company of Boxed Heat Services Limited.
P Tuch and M Button, directors of the Company, are also directors of Boxed Heat Services Limited.
FCS Trading Limited
Common Directors
During the year, FCS Trading Limited loaned the Company £35,446 (2024: £nil) and a balance of £2,638 (2024: £nil) was repaid. At year-end £112,744 (2024: £79,936) was owed by the Company to FCS Trading Limited. 
P Tuch and M Button, directors of the Company, are also directors of FCS Trading Limited.
Insite Holdco Limited
Common Directors
During the year, Insite Holdco loaned the Company £25,000 (2024: £86,490) and a sum of £13,000 (2024: £109,990) was paid to Insite Holdco Limited. At the year-end £18,000 (2024: £30,000) was owed to the Company by Insite Holdco Limited. 
P Tuch and M Button, directors of the Company, are also directors of Insite Holdco Limited.
Boxed Light Services Limited
During the year the Company provided the following services to Boxed Light Services:
- management charges to the value of £47,250 (2024: £51,188) net of VAT
Boxed Light Services also loaned £551,329 (2024: £2,509,184) to the Company and £82,830 (2024: £232,035) was repaid. There was a loan payable by the Company to Boxed Light Services of £2,740,848 (2024: £2,277,149) at the year-end. 
The Company's parent company (Boxed Solutions Limited) is also the ultimate company of Boxed Light Services Limited.
P Tuch and M Button, directors of the Company, are also directors of Boxed Light Services Limited.
Tuch Consulting Limited
Consultant
During the year Tuch Consulting Limited provided consulting services to the Company to the value of £10,000 (2024: £nil) and £2,821 (2024: £3,406) net of VAT in respect of expenses. 
P Tuch, a director of the Company, is also a director of Tuch Consulting Limited.
...CONTINUED
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Page 7
Boxed Management Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Related Party Transactions - continued
Insite Energy Limited
Common Directors
During the year the Company provided services to Insite Energy Limited for the value of £2,093 (2023: £5,116) net of VAT. During the year Insite Energy Limited provided services to the Company for the value of £32,708 (2024: £26,462) net of VAT. The Company loaned £nil (2024: £96) to Insite Energy Limited, at the year end £96 remained payable. 
P Tuch and M Button, directors of the Company, are also directors of Insite Energy Limited.
Boxed Solutions Limited
Ultimate Parent Company
An amount of £1,650 (2024: £518,314) was loaned by the Company to Boxed Solutions Limited. There is an amount receivable by the Company of £519,964 (2024: £518,314) from Boxed Solutions Limited at year end.
Boxed Solutions Limited owns 100% of the Company's issued share capital.
P Tuch and M Button, directors of the Company, are also directors of Boxed Solutions Limited.
10. Ultimate Controlling Party
The Company's ultimate controlling party is Boxed Solutions Limited by virtue of their ownership of 100% of the issued share capital in the Company.
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