Boxson Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC322166 (Scotland)

Financial Statements for the Period 1 April 2017 to 23 June 2017

for

Boxson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

-

118

CURRENT ASSETS

Stocks

-

10,790

Debtors

5

-

855

Cash at bank

30,752

42,048

30,752

53,693

CREDITORS

Amounts falling due within one year

6

18,184

34,244

NET CURRENT ASSETS

12,568

19,449

TOTAL ASSETS LESS CURRENT LIABILITIES

12,568

19,567

PROVISIONS FOR LIABILITIES

-

22

NET ASSETS

12,568

19,545

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

12,558

19,535

SHAREHOLDERS' FUNDS

12,568

19,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 June 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 8 January 2018 and were signed on its behalf by:

D M Patterson - Director

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 period 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 period 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 period was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,140

Additions

1,355

Disposals

(2,495

)

At 23 June 2017

-

DEPRECIATION

At 1 April 2017

1,022

Eliminated on disposal

(1,022

)

At 23 June 2017

-

NET BOOK VALUE

At 23 June 2017

-

At 31 March 2017

118

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23/6/17

31/3/17

£

£

Other debtors

-

855

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23/6/17

31/3/17

£

£

Taxation and social security

16,385

14,834

Other creditors

1,799

19,410

18,184

34,244

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £11,330 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D M Patterson.