WARBOX CREATIVE LIMITED

WARBOX CREATIVE LIMITED

WARBOX CREATIVE LIMITED - Company Information

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WARBOX CREATIVE LIMITED

Company Registration Number:
12092444 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 August 2020

End date: 31 December 2021

WARBOX CREATIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

WARBOX CREATIVE LIMITED

Balance sheet

As at 31 December 2021


Notes
17 months to 31 December 2021
13 months to 31 July 2020


£
£
Fixed assets
Tangible assets: 3 7,250 1,556
Total fixed assets: 7,250 1,556
Current assets
Debtors:   32,498 39,788
Cash at bank and in hand: 94,740 15,824
Total current assets: 127,238 55,612
Creditors: amounts falling due within one year:   (71,007) (46,290)
Net current assets (liabilities): 56,231 9,322
Total assets less current liabilities: 63,481 10,878
Total net assets (liabilities): 63,481 10,878
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 63,381 10,778
Shareholders funds: 63,481 10,878

The notes form part of these financial statements

WARBOX CREATIVE LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2022
and signed on behalf of the board by:

Name: Trevor Palmer
Status: Director

The notes form part of these financial statements

WARBOX CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts invoiced during the period, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:Plant & Machinery: 25% straight line

Other accounting policies

PENSION COSTSThe company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.CONSOLIDATIONThe entity is a member of a group that has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 20016 on the basis that it comprises a small group.

WARBOX CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

17 months to 31 December 2021 13 months to 31 July 2020
Average number of employees during the period 2 2

WARBOX CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 August 2020 2,075
Additions 8,283
At 31 December 2021 10,358
Depreciation
At 01 August 2020 519
Charge for year 2,589
At 31 December 2021 3,108
Net book value
At 31 December 2021 7,250
At 31 July 2020 1,556

WARBOX CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Loans to directors

Directors’ advances, credit and guaranteesDuring the period the director entered into the following advances and credits with the company:Mr Mark Fensom2021 £ Balance brought forward: 13,060 Advances / (credits) to the directors: 9040 Amounts repaid: 442 Balance o/standing: 4,4622020 £ Balance brought forward: 0 Advances / (credits) to the directors: 180 Amounts repaid: 13,240 Balance o/standing: 13,060

WARBOX CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Related party transactions

Name of the related party:
Relationship:
Group company
Description of the Transaction: Loan from Tank PR Limited
£
Balance at 01 August 2020 9,423
Balance at 31 December 2021 15,284
Name of the related party:
Relationship:
Group company
Description of the Transaction: Amounts invoiced to group companies
£
Balance at 01 August 2020 29,735
Balance at 31 December 2021 32,102
Name of the related party:
Relationship:
Group company
Description of the Transaction: Amount invoiced from group companies
£
Balance at 01 August 2020 0
Balance at 31 December 2021 687
Name of the related party:
Relationship:
Group company
Description of the Transaction: Dividends paid to group companies
£
Balance at 01 August 2020 0
Balance at 31 December 2021 3,500

Controlling partyThe controlling party is Boda Group Limited.