Box Clever Sports Limited

Box Clever Sports Limited

BOX CLEVER SPORTS LIMITED - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.18 07171500business:PrivateLimitedCompanyLtd2020-04-012021-03-31 071715002020-03-31 071715002020-04-012021-03-31 07171500business:AuditExempt-NoAccountantsReport2020-04-012021-03-31 07171500business:FullAccounts2020-04-012021-03-31 071715002021-03-31 07171500business:Director12020-04-012021-03-31 07171500business:RegisteredOffice2020-04-012021-03-31 071715002020-03-31 07171500core:WithinOneYear2021-03-31 07171500core:WithinOneYear2020-03-31 07171500core:RetainedEarningsAccumulatedLosses2021-03-31 07171500core:RetainedEarningsAccumulatedLosses2020-03-31 07171500business:SmallEntities2020-04-012021-03-31 07171500countries:EnglandWales2020-04-012021-03-31 07171500core:PlantMachinery2020-04-012021-03-31 07171500core:ComputerEquipment2020-04-012021-03-31 07171500core:PlantMachinery2020-03-31 07171500core:ComputerEquipment2020-03-31 07171500core:PlantMachinery2021-03-31 07171500core:ComputerEquipment2021-03-31 071715002019-04-012020-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07171500 (England and Wales)
Box Clever Sports Limited Unaudited accounts for the year ended 31 March 2021
Box Clever Sports Limited Unaudited accounts Contents
Page
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Box Clever Sports Limited Company Information for the year ended 31 March 2021
Director
Peter Liggins
Company Number
07171500 (England and Wales)
Registered Office
2b Mozart Street London W10 4LA
Accountants
Gardian Accounting Ltd 32 Stapleton Road Borehamwood Hertfordshire WD6 5BP
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Box Clever Sports Limited Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,671 
28,120 
Current assets
Debtors
5
434,909 
313,498 
Cash at bank and in hand
146,080 
267,836 
580,989 
581,334 
Creditors: amounts falling due within one year
6
(163,234)
(146,355)
Net current assets
417,755 
434,979 
Net assets
427,426 
463,099 
Capital and reserves
Profit and loss account
427,426 
463,099 
Shareholders' funds
427,426 
463,099 
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2021 and were signed on its behalf by
Peter Liggins Director Company Registration No. 07171500
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Box Clever Sports Limited Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Box Clever Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 07171500. The registered office is 2b Mozart Street, London, W10 4LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2019. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line - over 3 years
Computer equipment
Straight Line - over 3 years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2020
54,154 
1,193 
55,347 
At 31 March 2021
54,154 
1,193 
55,347 
Depreciation
At 1 April 2020
27,227 
- 
27,227 
Charge for the year
18,051 
398 
18,449 
At 31 March 2021
45,278 
398 
45,676 
Net book value
At 31 March 2021
8,876 
795 
9,671 
At 31 March 2020
26,927 
1,193 
28,120 
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Box Clever Sports Limited Notes to the Accounts for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
434,909 
313,498 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
11,403 
- 
Trade creditors
5,531 
540 
Taxes and social security
13,005 
32,568 
Other creditors
34,791 
27,234 
Loans from directors
27,005 
- 
Accruals
71,499 
86,013 
163,234 
146,355 
7
Transactions with related parties
s at the year end there is an outstanding loan to Cherry Cherry Ltd for £434,909.74 (2020 £311,187.86). The Director Peter Liggins is a 50% shareholder of this company. The loan is an arms's length transaction incurring interest at 2% per annum
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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