Box Photographic Limited - Accounts to registrar - small 17.2

Box Photographic Limited - Accounts to registrar - small 17.2

BOX PHOTOGRAPHIC LIMITED - Company Information

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REGISTERED NUMBER: 08350033 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2017

for

Box Photographic Limited

Box Photographic Limited (Registered number: 08350033)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Box Photographic Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: A Bladen
V Pavon





REGISTERED OFFICE: Unit 2 Britannia Mills
Colne Road
Huddersfield
West Yorkshire
HD1 3ER





REGISTERED NUMBER: 08350033 (England and Wales)





ACCOUNTANTS: Clarity Accountancy Ltd
Chartered Accountants
6 Elland Road
Ripponden
Sowerby Bridge
West Yorkshire
HX6 4DB
Page 1
Box Photographic Limited (Registered number: 08350033)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,103 40,671

CURRENT ASSETS
Stocks 500 500
Debtors 5 58,837 25,856
Cash at bank 45,985 28,668
105,322 55,024
CREDITORS
Amounts falling due within one year 6 55,732 38,551
NET CURRENT ASSETS 49,590 16,473
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,693
57,144

CREDITORS
Amounts falling due after more than
one year
7
(5,988
)
(15,067
)

PROVISIONS FOR LIABILITIES (4,654 ) (2,816 )
NET ASSETS 72,051 39,261

The notes form part of these financial statements

Page 2 continued...
Box Photographic Limited (Registered number: 08350033)

Balance Sheet - continued
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 72,049 39,259
SHAREHOLDERS' FUNDS 72,051 39,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 September 2017 and were
signed on its behalf by:




V Pavon - Director



A Bladen - Director


The notes form part of these financial statements

Page 3
Box Photographic Limited (Registered number: 08350033)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Box Photographic Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred tax is
measured using tax rates and laws that have been enacted or substantively enacted by the year
end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Page 4 continued...
Box Photographic Limited (Registered number: 08350033)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2016 2,997 78,014 81,011
Additions - 29,563 29,563
Disposals - (25,300 ) (25,300 )
At 31 January 2017 2,997 82,277 85,274
DEPRECIATION
At 1 February 2016 749 39,591 40,340
Charge for year 749 20,570 21,319
Eliminated on disposal - (9,488 ) (9,488 )
At 31 January 2017 1,498 50,673 52,171
NET BOOK VALUE
At 31 January 2017 1,499 31,604 33,103
At 31 January 2016 2,248 38,423 40,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 54,832 24,127
Other debtors 4,005 1,729
58,837 25,856

Page 5 continued...
Box Photographic Limited (Registered number: 08350033)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Bank loans and overdrafts - 4,663
Hire purchase contracts 7,866 2,707
Trade creditors 7,494 2,596
Taxation and social security 39,085 26,364
Other creditors 1,287 2,221
55,732 38,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.17 31.1.16
£    £   
Bank loans - 13,731
Hire purchase contracts 5,988 1,336
5,988 15,067

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £53,166 were paid to the directors .

V Pavon
Director and shareholder


The company has an outstanding directors loan in the name of Mr V Pavon of £190. This is
inluded in other creditors.

This loan is interest free and repayable on demand.

31.1.17 31.1.16
£    £   
Amount due (to)/from related party at the balance sheet date (190 ) 884

Page 6 continued...
Box Photographic Limited (Registered number: 08350033)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

8. RELATED PARTY DISCLOSURES - continued

A Bladen
Director and shareholder


Included in other debtors is an amount owed to the company by one of the directors. This was
an advance of £2022 made to Mr A Bladen and was outstanding at the year end.

This loan is interest free and repayable on demand.

31.1.17 31.1.16
£    £   
Amount due from related party at the balance sheet date 2,022 845

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

Page 7