Company Registration No. 12290896 (England and Wales)
Box of Heat Ltd
Unaudited accounts
for the year ended 31 October 2022
Box of Heat Ltd
Unaudited accounts
Contents
Box of Heat Ltd
Company Information
for the year ended 31 October 2022
Directors
J Wilkinson
M Maher
M Graf Von Hardenberg
Company Number
12290896 (England and Wales)
Registered Office
UNIT 12A 31 EAST BUSINESS PARK
KINGFISHER WAY
DINNINGTON
ROTHERHAM
S25 3AF
UNITED KINGDOM
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Box of Heat Ltd
Statement of financial position
as at 31 October 2022
Intangible assets
77,000
75,000
Tangible assets
66,190
14,734
Inventories
1,402,977
435,000
Cash at bank and in hand
47,772
1,546
Creditors: amounts falling due within one year
(2,199,395)
(1,295,118)
Net current liabilities
(211,391)
(617,767)
Net liabilities
(68,201)
(528,033)
Called up share capital
151
226
Share premium
2,399,949
399,874
Profit and loss account
(2,468,301)
(928,133)
Shareholders' funds
(68,201)
(528,033)
For the year ending 31 October 2022 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 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
J Wilkinson
Director
Company Registration No. 12290896
Box of Heat Ltd
Notes to the Accounts
for the year ended 31 October 2022
Box of Heat Ltd is a private company, limited by shares, registered in England and Wales, registration number 12290896. The registered office is UNIT 12A 31 EAST BUSINESS PARK, KINGFISHER WAY, DINNINGTON, ROTHERHAM, S25 3AF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
During the financial period, the amortisation on the intellectual property recognised under Intangible fixed assets has been reversed and no further amortisation will be recognised.
The accounts have been prepared on the going concern basis. The company is currently in a period of growth while building its brand and customer base with the intention to turn a profit in the next 5 years. The company continues to operate through the support of loans from the shareholder's other businesses and outside investors.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Box of Heat Ltd
Notes to the Accounts
for the year ended 31 October 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
12,755
-
8,178
20,933
Additions
8,142
22,568
33,946
64,656
At 31 October 2022
20,897
22,568
42,124
85,589
At 1 November 2021
3,184
-
3,015
6,199
Charge for the year
3,501
3,761
5,938
13,200
At 31 October 2022
6,685
3,761
8,953
19,399
At 31 October 2022
14,212
18,807
33,171
66,190
At 31 October 2021
9,571
-
5,163
14,734
Amounts falling due within one year
Trade debtors
235,250
34,801
Accrued income and prepayments
85,517
172,327
Other debtors
199,970
3,608
Box of Heat Ltd
Notes to the Accounts
for the year ended 31 October 2022
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
875,699
342,963
Taxes and social security
151,601
3,645
Other creditors
1,096,965
924,760
Loans from directors
10,000
17,035
8
Average number of employees
During the year the average number of employees was 14 (2021: 6).
