IRIS Accounts Production v25.4.0.155 03486170 Board of Directors 1.10.24 30.9.25 30.9.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03486170 2024-09-30 03486170 2025-09-30 03486170 2024-10-01 2025-09-30 03486170 2023-09-30 03486170 2023-10-01 2024-09-30 03486170 2024-09-30 03486170 ns15:EnglandWales 2024-10-01 2025-09-30 03486170 ns14:PoundSterling 2024-10-01 2025-09-30 03486170 ns10:Director1 2024-10-01 2025-09-30 03486170 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03486170 ns10:SmallEntities 2024-10-01 2025-09-30 03486170 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 03486170 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 03486170 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03486170 ns10:FullAccounts 2024-10-01 2025-09-30 03486170 ns10:Director2 2024-10-01 2025-09-30 03486170 ns10:Director3 2024-10-01 2025-09-30 03486170 ns10:Director4 2024-10-01 2025-09-30 03486170 ns10:RegisteredOffice 2024-10-01 2025-09-30 03486170 ns5:CurrentFinancialInstruments 2025-09-30 03486170 ns5:CurrentFinancialInstruments 2024-09-30 03486170 ns5:Non-currentFinancialInstruments 2025-09-30 03486170 ns5:Non-currentFinancialInstruments 2024-09-30 03486170 ns5:ShareCapital 2025-09-30 03486170 ns5:ShareCapital 2024-09-30 03486170 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 03486170 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 03486170 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-10-01 2025-09-30 03486170 ns5:PlantMachinery 2024-10-01 2025-09-30 03486170 ns5:FurnitureFittings 2024-10-01 2025-09-30 03486170 ns5:MotorVehicles 2024-10-01 2025-09-30 03486170 ns5:LandBuildings 2024-09-30 03486170 ns5:PlantMachinery 2024-09-30 03486170 ns5:LandBuildings 2024-10-01 2025-09-30 03486170 ns5:LandBuildings 2025-09-30 03486170 ns5:PlantMachinery 2025-09-30 03486170 ns5:LandBuildings 2024-09-30 03486170 ns5:PlantMachinery 2024-09-30 03486170 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-09-30 03486170 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-10-01 2025-09-30 03486170 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-09-30 03486170 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-09-30 03486170 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 03486170 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 03486170 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-09-30 03486170 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-09-30 03486170 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-09-30 03486170 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-09-30 03486170 ns5:HirePurchaseContracts 2025-09-30 03486170 ns5:HirePurchaseContracts 2024-09-30

REGISTERED NUMBER: 03486170 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Boxblade Limited

Boxblade Limited (Registered number: 03486170)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Boxblade Limited

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Mr R C Hill

| Mr O C R Hill

| Mrs C R Hill-Thomas

| Mrs N A Durose

| REGISTERED OFFICE: | 22-24 Broad Street

| Wokingham

| Berkshire

| RG40 1BA

| REGISTERED NUMBER: | 03486170 (England and Wales)

| ACCOUNTANTS: | Wilson Partners Limited

| Chartered Accountants

| TOR

| Saint-Cloud Way

| Maidenhead

| Berkshire

| SL6 8BN

Boxblade Limited (Registered number: 03486170)

Balance Sheet

30 September 2025

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,763,498 |  | 2,108,533 |  |

Investments | 5 | 2,337,051 |  | 2,337,051 |  |

Investment property | 6 | 780,810 |  | - |  |

4,881,359 |  | 4,445,584 |  |

CURRENT ASSETS

Stocks | 1,770,135 |  | 2,095,050 |  |

Debtors | 7 | 153,449 |  | 120,720 |  |

Cash at bank | 409,967 |  | 227,601 |  |

2,333,551 |  | 2,443,371 |  |

CREDITORS

Amounts falling due within one year | 8 | (82,431 | ) | (70,922 | ) |

NET CURRENT ASSETS | 2,251,120 |  | 2,372,449 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,132,479 |  | 6,818,033 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (10,293 | ) |

NET ASSETS | 7,132,479 |  | 6,807,740 |  |

CAPITAL AND RESERVES

Called up share capital | 10,300 |  | 10,300 |  |

Retained earnings | 7,122,179 |  | 6,797,440 |  |

SHAREHOLDERS' FUNDS | 7,132,479 |  | 6,807,740 |  |

Boxblade Limited (Registered number: 03486170)

Balance Sheet - continued

30 September 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 5 February 2026 and were signed on its behalf by:

Mr R C Hill - Director

Boxblade Limited (Registered number: 03486170)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Boxblade Limited 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.

| Significant judgements and estimates

| In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The company does not make significant estimates and assumptions concerning the future.

| Turnover

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

| Income is recognised when the service is provided and when the sale is made.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 5% on reducing balance

| Plant and machinery | - | 33% on cost and 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Depreciation is not provided on some of the fixed assets since the properties are held for investment purposes.

| Tangible fixed assets are stated at cost less depreciation.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Boxblade Limited (Registered number: 03486170)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks which is all finished goods, are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

Boxblade Limited (Registered number: 03486170)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 829,587 |  | 2,044,775 |  | 2,874,362 |  |

| Additions | - |  | 4,600 |  | 4,600 |  |

| At 30 September 2025 | 829,587 |  | 2,049,375 |  | 2,878,962 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 765,829 |  | 765,829 |  |

| Charge for year | 29,036 |  | 320,599 |  | 349,635 |  |

| At 30 September 2025 | 29,036 |  | 1,086,428 |  | 1,115,464 |  |

| NET BOOK VALUE

| At 30 September 2025 | 800,551 |  | 962,947 |  | 1,763,498 |  |

| At 30 September 2024 | 829,587 |  | 1,278,946 |  | 2,108,533 |  |

| Within land and buildings the client has made an assessment that the land element accounts for 30% of the value. No depreciation charge has been applied to the land element.

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 314,211 |  |

| DEPRECIATION

| At 1 October 2024 | 181,549 |  |

| Charge for year | 33,165 |  |

| At 30 September 2025 | 214,714 |  |

| NET BOOK VALUE

| At 30 September 2025 | 99,497 |  |

| At 30 September 2024 | 132,662 |  |

Boxblade Limited (Registered number: 03486170)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 30.9.25 |  | 30.9.24

£ | £ |

| Other investments | 2,337,051 |  | 2,337,051 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 780,810 |  |

| At 30 September 2025 | 780,810 |  |

| NET BOOK VALUE

| At 30 September 2025 | 780,810 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade debtors | 4,800 |  | 4,800 |  |

| Other debtors | 148,649 |  | 115,920 |  |

153,449 |  | 120,720 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans and overdrafts | 6,667 |  | 10,000 |  |

| Hire purchase contracts (see note 10) | 10,670 |  | 30,408 |  |

| Trade creditors | 3,226 |  | 6,823 |  |

| Taxation and social security | 2,675 |  | 15,300 |  |

| Other creditors | 59,193 |  | 8,391 |  |

82,431 |  | 70,922 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans | - |  | 6,667 |  |

| Hire purchase contracts (see note 10) | - |  | 3,626 |  |

- |  | 10,293 |  |

Boxblade Limited (Registered number: 03486170)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

10. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 10,670 |  | 30,408 |  |

| Between one and five years | - |  | 3,626 |  |

10,670 |  | 34,034 |  |

11. | RELATED PARTY DISCLOSURES

| The company made trade sales of £303,200 to fellow subsidiaries during 2024 (2024: £288,938).

| At the balance sheet date the amount outstanding was £4,800 (2024: £4,800).

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr R C Hill.