Chainbox Technology (UK) Limited,Ltd - AccountsLtd - Accounts

Chainbox Technology (UK) Limited,Ltd - AccountsLtd - Accounts

CHAINBOX TECHNOLOGY (UK) LIMITED - Company Information

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2020-01-01 04973833 2021-03-31 04973833 2020-01-01 2021-03-31 04973833 2019-12-31 04973833 2019-01-01 2019-12-31 04973833 uk-core:WithinOneYear 2019-12-31 04973833 uk-core:WithinOneYear 2021-03-31 04973833 uk-core:AfterOneYear 2019-12-31 04973833 uk-core:AfterOneYear 2021-03-31 04973833 uk-core:ShareCapital 2021-03-31 04973833 uk-core:ShareCapital 2019-12-31 04973833 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 04973833 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 04973833 uk-bus:Director1 2020-01-01 2021-03-31 04973833 uk-core:ToolsEquipment 2020-01-01 2021-03-31 04973833 uk-core:FurnitureFittings 2020-01-01 2021-03-31 04973833 uk-core:ToolsEquipment 2019-12-31 04973833 uk-core:FurnitureFittings 2019-12-31 04973833 uk-core:FurnitureFittings 2021-03-31 04973833 uk-core:ToolsEquipment 2021-03-31 04973833 uk-core:AfterOneYear uk-core:Secured 2021-03-31 04973833 uk-core:AfterOneYear uk-core:Secured 2019-12-31 iso4217:GBP xbrli:pure 04973833 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2021-03-31 04973833 uk-bus:FRS102 2020-01-01 2021-03-31 04973833 uk-bus:FullAccounts 2020-01-01 2021-03-31 04973833 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2021-03-31
Chainbox Technology (UK) Limited
Registered Number:04973833
For the period ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2021
Chainbox Technology (UK) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04973833
As at 31 March 2021
Chainbox Technology (UK) Limited
Statement of Financial Position
£
£
2019
2021
Notes
Fixed assets
Property, plant and equipment
240
369
2
240
369
Current assets
Trade and other receivables
1,130,255
1,130,255
3
369,026
Cash and cash equivalents
249,937
1,380,192
1,499,281
Trade and other payables: amounts falling due within one
year
(1,253,729)
(1,071,283)
4
245,552
308,909
Net current assets
Total assets less current liabilities
309,149
245,921
Trade and other payables: amounts falling due after more
than one year
-
(50,000)
5
259,149
Net assets
245,921
Capital and reserves
Called up share capital
4
2
Retained earnings
259,145
245,919
259,149
245,921
Shareholders' funds
For the period ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Terry Frank Joel Spurling Director
These financial statements were approved and authorised for issue by the Board on 23 December 2021 and were signed by:
The notes form part of these financial statements
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4
For the period ended 31 March 2021
Chainbox Technology (UK) Limited
Notes to the Financial Statements
Statutory Information
Chainbox Technology (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04973833.
Registered address:
Unit 9, 97/101 Peregrine road
Hainault Business Park
Essex
IG6 3XH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the period ended 31 March 2021
Chainbox Technology (UK) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2020
11,283
3,000
8,283
At 31 March 2021
8,283
3,000
11,283
Provision for depreciation and impairment
At 01 January 2020
10,914
3,000
7,914
Charge for period
129
-
129
At 31 March 2021
11,043
3,000
8,043
At 31 March 2021
Net book value
240
-
240
At 31 December 2019
369
-
369
3. Trade and other receivables
2019
2021
£
£
Other debtors
1,130,255
1,130,255
4. Trade and other payables: amounts falling due within one year
2019
2021
£
£
Trade creditors
29,667
165,888
Taxation and social security
63,209
104,213
Other creditors
978,407
983,628
1,071,283
1,253,729
5. Trade and other payables: amounts falling due after more than one year
2019
2021
£
£
Bank loans and overdraft
50,000
-
6. Average number of persons employed
During the year the average number of employees was 5 (2019 : 5)
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