TRADEBOX_LIMITED - Accounts

TRADEBOX LIMITED - Company Information

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Company Registration No. 04741300 (England and Wales)

TRADEBOX LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

TRADEBOX LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TRADEBOX LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

320,375

279,441

Tangible assets

2,953

9,201

323,328

288,642

Current assets

Debtors

8,541

32,086

Cash at bank and in hand

912

2,628

9,453

34,714

Creditors: amounts falling due within one year

(75,711)

(76,754)

Net current liabilities

(66,258)

(42,040)

Total assets less current liabilities

257,070

246,602

Provisions for liabilities

(1,478)

Accruals and deferred income

(1,872)

257,070

243,252

Capital and reserves

Called up share capital

900

Share premium account

144,036

Other reserves

386

Profit and loss account

111,748

97,930

Shareholders' funds

257,070

243,252

TRADEBOX LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2016

Mr S Bales

Mr P Brookes

Director

Company Registration No. 04741300

TRADEBOX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Research and development

Development expenditure is written off to the profit and loss account unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures & fittings

15% reducing balance

Computer equipment

33.3% straight line

1.6

Revenue recognition

Turnover includes revenue earned under contracts to provide developmental services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

1.7

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

TRADEBOX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

Accounting policies

(Continued)

- 4 -

1.8

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015

384,716

44,323

429,039

Additions

40,934

1,110

42,044

At 30 April 2016

425,650

45,433

471,083

Depreciation

At 1 May 2015

105,275

35,122

140,397

Charge for the year

7,358

At 30 April 2016

105,275

42,480

147,755

Net book value

At 30 April 2016

320,375

2,953

323,328

At 30 April 2015

279,441

9,201

288,642

Share capital

2016

2015

Allotted, called up and fully paid

900 Ordinary Shares of £1 each

900