Boxson Limited - Accounts to registrar - small 17.1.1

Boxson Limited - Accounts to registrar - small 17.1.1

BOXSON LIMITED - Company Information

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REGISTERED NUMBER: SC322166 (Scotland)















Financial Statements for the Year Ended 31 March 2017

for

Boxson Limited

Boxson Limited (Registered number: SC322166)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boxson Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: D M Patterson
Mrs A T Patterson





SECRETARY: Mrs A T Patterson





REGISTERED OFFICE: 7 Lomond Crescent
Ellon
ABERDEENSHIRE
AB41 9GE





REGISTERED NUMBER: SC322166 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ
Page 1
Boxson Limited (Registered number: SC322166)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118 157

CURRENT ASSETS
Stocks 10,790 10,143
Debtors 5 855 818
Cash at bank 42,048 47,585
53,693 58,546
CREDITORS
Amounts falling due within one year 6 34,244 41,200
NET CURRENT ASSETS 19,449 17,346
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,567
17,503

PROVISIONS FOR LIABILITIES 22 29
NET ASSETS 19,545 17,474

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 19,535 17,464
SHAREHOLDERS' FUNDS 19,545 17,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 2 continued...
Boxson Limited (Registered number: SC322166)

Balance Sheet - continued
31 March 2017


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 16 June 2017 and were signed on its behalf by:





D M Patterson - Director


The notes form part of these financial statements

Page 3
Boxson Limited (Registered number: SC322166)

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

1. STATUTORY INFORMATION

Boxson Limited is a private company, limited by shares , registered in Scotland. 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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 4 continued...
Boxson Limited (Registered number: SC322166)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 1,140
DEPRECIATION
At 1 April 2016 983
Charge for year 39
At 31 March 2017 1,022
NET BOOK VALUE
At 31 March 2017 118
At 31 March 2016 157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 855 818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 14,834 17,126
Other creditors 19,410 24,074
34,244 41,200

7. RELATED PARTY DISCLOSURES

During the year the director Mr David Patterson advanced the company net amounts totalling £17,611. This amount
remained outstanding at 31/03/2017 and is included within Other creditors in the notes to the accounts.

During the year the directors received net dividends, detailed below, from the company.

Mr David Patterson - £29,077
Mrs Angela Patterson - £12,461

8. ULTIMATE CONTROLLING PARTY

The controlling party is D M Patterson.

During the year the company was controlled by the director Mr David Patterson by virtue of his majority 70% holding in
the ordinary share capital of the company.

Page 5