Blue Box One Limited - Abbreviated accounts

Blue Box One Limited - Abbreviated accounts


Registered number
05291470
Blue Box One Limited
Abbreviated Accounts
30 November 2015
Blue Box One Limited
Registered number: 05291470
Abbreviated Balance Sheet
as at 30 November 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 39,317 39,755
Current assets
Stocks 5,925 8,676
Debtors 63,273 81,038
Cash at bank and in hand 160,005 123,603
229,203 213,317
Creditors: amounts falling due within one year (92,713) (109,484)
Net current assets 136,490 103,833
Net assets 175,807 143,588
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 175,707 143,488
Shareholders' funds 175,807 143,588
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
……………………………………………………
P Whitehorne
Director
Approved by the board on 24 August 2016
Blue Box One Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 25% of written down value
Furniture and fixtures 25% of written down value
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 December 2014 49,200
At 30 November 2015 49,200
Depreciation
At 1 December 2014 9,445
Charge for the year 438
At 30 November 2015 9,883
Net book value
At 30 November 2015 39,317
At 30 November 2014 39,755
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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