Box Photographic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08350033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Box Photographic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Bladen

V Pavon

REGISTERED OFFICE:

Unit 2 Britannia Mills

Colne Road

Huddersfield

West Yorkshire

HD1 3ER

REGISTERED NUMBER:

08350033 (England and Wales)

ACCOUNTANTS:

Clarity Accountancy Ltd

C/O Clarity Accountancy Ltd

Croft Myl

West Parade

Halifax

West Yorkshire

HX1 2EQ

FIXED ASSETS

Tangible assets

4

15,808

30,358

CURRENT ASSETS

Stocks

-

500

Debtors

5

42,421

33,605

Cash at bank

53,721

63,232

96,142

97,337

CREDITORS

Amounts falling due within one year

6

37,495

35,939

NET CURRENT ASSETS

58,647

61,398

TOTAL ASSETS LESS CURRENT LIABILITIES

74,455

91,756

PROVISIONS FOR LIABILITIES

2,210

6,622

NET ASSETS

72,245

85,134

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

72,243

85,132

72,245

85,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 22 September 2020 and were signed on its behalf by:

V Pavon - Director

A Bladen - Director

1.	STATUTORY INFORMATION

Box Photographic 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.

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, 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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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

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

lease.

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 NIL (2019 - 5 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2019

2,997

122,774

125,771

Additions

-

3,098

3,098

At 31 January 2020

2,997

125,872

128,869

DEPRECIATION

At 1 February 2019

2,997

92,416

95,413

Charge for year

-

17,648

17,648

At 31 January 2020

2,997

110,064

113,061

NET BOOK VALUE

At 31 January 2020

-

15,808

15,808

At 31 January 2019

-

30,358

30,358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

42,421

32,079

Other debtors

-

1,526

42,421

33,605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Hire purchase contracts

-

2,395

Trade creditors

(2

)

1,018

Taxation and social security

34,526

30,926

Other creditors

2,971

1,600

37,495

35,939