Greenbox Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00339626 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Greenbox Associates Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTOR:

Ms R Mitchell

SECRETARY:

Dr J W Mitchell

REGISTERED OFFICE:

61 Bristol Road

Southsea

Hampshire

PO4 9QH

REGISTERED NUMBER:

00339626 (England and Wales)

ACCOUNTANTS:

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

FIXED ASSETS

Property, plant and equipment

4

274

993

CURRENT ASSETS

Inventories

1,955

2,390

Debtors

5

1,565

700

Cash at bank

2,711

3,957

6,231

7,047

CREDITORS

Amounts falling due within one year

6

2,263

3,800

NET CURRENT ASSETS

3,968

3,247

TOTAL ASSETS LESS CURRENT LIABILITIES

4,242

4,240

PROVISIONS FOR LIABILITIES

52

191

NET ASSETS

4,190

4,049

CAPITAL AND RESERVES

Called up share capital

4,048

4,048

Retained earnings

142

1

SHAREHOLDERS' FUNDS

4,190

4,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 April 2019 and were signed by:

Ms R Mitchell - Director

1.	STATUTORY INFORMATION

Greenbox Associates 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

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 1 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2018

4,654

Additions

190

At 31 December 2018

4,844

DEPRECIATION

At 1 January 2018

3,661

Charge for year

909

At 31 December 2018

4,570

NET BOOK VALUE

At 31 December 2018

274

At 31 December 2017

993

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

868

700

Other debtors

697

-

1,565

700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

-

490

Trade creditors

654

266

Taxation and social security

1,050

1,963

Other creditors

559

1,081

2,263

3,800

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms R Mitchell.

The ultimate controlling party is Ms R Mitchell.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Greenbox Associates Ltd for the year ended 31 December 2018 which comprise the Income

Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Greenbox Associates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenbox Associates Ltd and state those matters that we have agreed to state to the director of Greenbox Associates Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Greenbox Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greenbox Associates Ltd. You consider that Greenbox Associates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenbox Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

2 May 2019