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REGISTERED NUMBER: 04739799 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

R Fox & Sons Limited

R Fox & Sons Limited (Registered number: 04739799)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Fox & Sons Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J R Fox
Mrs M R Fox
R J Fox
Mrs L Fox





SECRETARY: R J Fox





REGISTERED OFFICE: 1 Ingram Parade
Rothwell
Leeds
LS26 0NX





REGISTERED NUMBER: 04739799 (England and Wales)





ACCOUNTANTS: Hope Agar Limited
Chartered Accountants
24a Marsh Street
Rothwell
Leeds
LS26 0BB

R Fox & Sons Limited (Registered number: 04739799)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99,263 160,090
99,263 160,090

CURRENT ASSETS
Stocks 8,662 8,750
Debtors 6 48,750 62,766
Cash at bank and in hand 72,213 104,775
129,625 176,291
CREDITORS
Amounts falling due within one year 7 110,320 160,495
NET CURRENT ASSETS 19,305 15,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,568

175,886

CREDITORS
Amounts falling due after more than one
year

8

77,890

118,759
NET ASSETS 40,678 57,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,578 57,027
40,678 57,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

R Fox & Sons Limited (Registered number: 04739799)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





R J Fox - Director


R Fox & Sons Limited (Registered number: 04739799)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

R Fox & Sons 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

R Fox & Sons Limited (Registered number: 04739799)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2020 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 100,000
AMORTISATION
At 1 January 2021
and 31 December 2021 100,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 378,953
Additions 567
Disposals (82,630 )
At 31 December 2021 296,890
DEPRECIATION
At 1 January 2021 218,863
Charge for year 33,506
Eliminated on disposal (54,742 )
At 31 December 2021 197,627
NET BOOK VALUE
At 31 December 2021 99,263
At 31 December 2020 160,090

R Fox & Sons Limited (Registered number: 04739799)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021 164,165
Disposals (82,630 )
At 31 December 2021 81,535
DEPRECIATION
At 1 January 2021 75,126
Charge for year 15,288
Eliminated on disposal (54,742 )
At 31 December 2021 35,672
NET BOOK VALUE
At 31 December 2021 45,863
At 31 December 2020 89,039

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 48,750 62,766

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 35,560 27,689
Hire purchase contracts 7,728 55,446
Tax 59,350 69,844
Social security and other taxes 784 699
VAT 411 2,037
Directors' current accounts 4,833 3,126
Accrued expenses 1,654 1,654
110,320 160,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans - 1-2 years 35,560 33,245
Bank loans - 2-5 years 26,631 63,896
Bank loans more 5 yr by instal 15,699 13,889
Hire purchase contracts - 7,729
77,890 118,759

R Fox & Sons Limited (Registered number: 04739799)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.21 31.12.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,699 13,889

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.