Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-30 2025-09-30 15 2024-10-01 false true independent reseller, distributror and systems integrator of products and services in the broadcast. postproduction, film and AV markets 13 false false 02501908 2024-10-01 2025-09-30 02501908 2023-10-01 2024-09-30 02501908 2025-09-30 02501908 2024-09-30 02501908 c:Director1 2024-10-01 2025-09-30 02501908 d:FurnitureFittings 2024-10-01 2025-09-30 02501908 d:FurnitureFittings 2025-09-30 02501908 d:FurnitureFittings 2024-09-30 02501908 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 02501908 d:OfficeEquipment 2024-10-01 2025-09-30 02501908 d:OfficeEquipment 2025-09-30 02501908 d:OfficeEquipment 2024-09-30 02501908 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 02501908 d:ComputerEquipment 2024-10-01 2025-09-30 02501908 d:ComputerEquipment 2025-09-30 02501908 d:ComputerEquipment 2024-09-30 02501908 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 02501908 d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 02501908 d:ComputerSoftware 2025-09-30 02501908 d:ComputerSoftware 2024-09-30 02501908 d:CurrentFinancialInstruments 2025-09-30 02501908 d:CurrentFinancialInstruments 2024-09-30 02501908 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 02501908 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02501908 d:ShareCapital 2025-09-30 02501908 d:ShareCapital 2024-09-30 02501908 d:RetainedEarningsAccumulatedLosses 2025-09-30 02501908 d:RetainedEarningsAccumulatedLosses 2024-09-30 02501908 c:OrdinaryShareClass1 2024-10-01 2025-09-30 02501908 c:OrdinaryShareClass1 2025-09-30 02501908 c:OrdinaryShareClass1 2024-09-30 02501908 c:FRS102 2024-10-01 2025-09-30 02501908 c:Audited 2024-10-01 2025-09-30 02501908 c:FullAccounts 2024-10-01 2025-09-30 02501908 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 02501908 c:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 02501908 2 2024-10-01 2025-09-30 02501908 d:ComputerSoftware d:OwnedIntangibleAssets 2024-10-01 2025-09-30 02501908 e:PoundSterling 2024-10-01 2025-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02501908 BOXER SYSTEMS LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 SEPTEMBER 2025
BOXER SYSTEMS LIMITED REGISTERED NUMBER: 02501908 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 2,402 |  | 26,981
Tangible assets | 5 |  | 38,430 |  | 47,404
|  |  | 40,832 |  | 74,385
Current assets |  |  |  |  |
Stocks |  | 540,356 |  | 790,022 |
Debtors: amounts falling due within one year | 6 | 1,039,028 |  | 951,460 |
Cash at bank and in hand | 7 | 2,702,740 |  | 2,251,486 |
|  | 4,282,124 |  | 3,992,968 |
Creditors: amounts falling due within one year | 8 | (1,588,299) |  | (1,616,640) |
Net current assets |  |  | 2,693,825 |  | 2,376,328
Total assets less current liabilities |  |  | 2,734,657 |  | 2,450,713
Net assets |  |  | 2,734,657 |  | 2,450,713
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | 2,734,557 |  | 2,450,613
|  |  | 2,734,657 |  | 2,450,713
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Simon Gordon Shaw
Director
Date: 3 February 2026
The notes on pages 2 to 9 form part of these financial statements. Page 1
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
Boxer Systems Limited is a Company limited by shares incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the Company Information page. The nature of the Company's operations and its principal activity is reselling, distributing and systems integration of products and services in the broadcast, postproduction, film and AV markets. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements are prepared on the going concern basis. The directors have assessed the period to twelve months from the balance sheet date and have concluded that the entity is a going concern. The entity is profitable and in a net assets position with sufficient cash and resources to meet upcoming liabilities. Page 2
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Amortisation of intangible assets is included within administrative expenses.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | Straight line over 4 years
|  |  |  | Office equipment | - | Straight line over 4 years
|  |  |  | Computer equipment | - | Straight line over 4 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. | Employees
| The directors and key management personnel are not remunerated by Boxer Systems Limited.
| The average monthly number of employees, including directors, during the year was 13 (2024 - 15).
4. | Intangible assets
|  | Computer software
|  | £
| Cost |
| At 1 October 2024 | 130,390
| At 30 September 2025 | 130,390
| Amortisation |
| At 1 October 2024 | 103,409
| Charge for the year on owned assets | 24,579
| At 30 September 2025 | 127,988
| Net book value |
| At 30 September 2025 | 2,402
| At 30 September 2024 | 26,981
Page 6
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 October 2024 | 43,494 | 28,315 | 213,807 | 285,616
| Additions | 12,409 | 875 | 6,625 | 19,909
| At 30 September 2025 | 55,903 | 29,190 | 220,432 | 305,525
| Depreciation |  |  |  |
| At 1 October 2024 | 33,996 | 24,538 | 179,678 | 238,212
| Charge for the year on owned assets | 5,153 | 3,302 | 20,428 | 28,883
| At 30 September 2025 | 39,149 | 27,840 | 200,106 | 267,095
| Net book value |  |  |  |
| At 30 September 2025 | 16,754 | 1,350 | 20,326 | 38,430
| At 30 September 2024 | 9,498 | 3,777 | 34,129 | 47,404
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 953,189 | 882,641
| Other debtors | 22,211 | 1,043
| Prepayments and accrued income | 63,628 | 67,776
|  | 1,039,028 | 951,460
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,702,740 | 2,251,486
|  | 2,702,740 | 2,251,486
Page 7
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 526,402 | 429,720
| Amounts owed to group undertakings | 686,919 | 810,805
| Corporation tax | 68,791 | 32,014
| Other taxation and social security | 224,421 | 194,258
| Other creditors | 11,156 | 72,839
| Accruals and deferred income | 70,610 | 77,004
|  | 1,588,299 | 1,616,640
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
| All allotted, called up and fully paid share capital relates to the same class of ordinary shares, which carry no restrictions on the distribution of dividends or repayment of capital.
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,477 (2024: £11,402). There were no contributions payable to the fund at the balance sheet date (2024: £Nil).
11. | Related party transactions
| Boxer Systems Limited is a wholly owned subsidiary and has elected to take the exemption not to disclose arms length transactions within the year.
12. | Controlling party
The immediate and ultimate parent company is Glanwith Limited, a company incorporated in England and Wales. The ultimate parent company does not prepare consolidated financial statements as the group qualifies as a small group and is exempt from the requirement to prepare groups accounts. The ultimate controlling party is S G Shaw by virture of his majority shareholding in Glanwith Limited. Page 8
BOXER SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
13. | Auditors' information
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified. The audit report was signed on 3 February 2026 by Graham Wintle (Senior Statutory Auditor) on behalf of Moore Kingston Smith LLP.
Page 9