BOXPARK_LIMITED - Accounts
BOXPARK_LIMITED - Accounts
Company Registration No. 07236390 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2014
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOXPARK LIMITED FOR THE YEAR ENDED 30 APRIL 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boxpark Limited for the year ended 30 April 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Boxpark Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Boxpark Limited and state those matters that we have agreed to state to the Board of Directors of Boxpark Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boxpark Limited and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Boxpark Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Boxpark Limited. You consider that Boxpark Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Boxpark Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(727,006 )
(737,605 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(599,900 )
(599,900 )
Provisions for liabilities
(16,400 )
(7,926 )
524,400
505,517
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2014
- 3 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 25 September 2014
Director
Company Registration No. 07236390
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
- 4 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way 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.
1.4
Tangible fixed assets and depreciation
Computer equipment
Office equipment
Site plant and equipment
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 5 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2013
-
1,422,370
Additions
237,227
At 30 April 2014
1,659,597
Depreciation
At 1 May 2013
-
415,969
Charge for the period
-
304,836
At 30 April 2014
-
720,805
Net book value
At 30 April 2014
938,792
At 30 April 2013
-
1,006,401
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid