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Company Registration No. 01713298 (England and Wales)
Fox Projects Limited Report of the Director and Unaudited Financial Statements for the year ended 31 January 2023
Fox Projects Limited Report of the Director and Unaudited Financial Statements Contents
Page
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Fox Projects Limited Company Information for the year ended 31 January 2023
Director
J M Fox
Secretary
Mrs M A Fox
Company Number
01713298 (England and Wales)
Registered Office
2 The Chambers, Bowden Business Village Harborough Road Market Harborough LE16 7SA
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Fox Projects Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51 
85 
Current assets
Debtors
27,977 
21,569 
Cash at bank and in hand
48,641 
57,241 
76,618 
78,810 
Creditors: amounts falling due within one year
(11,051)
(12,650)
Net current assets
65,567 
66,160 
Total assets less current liabilities
65,618 
66,245 
Creditors: amounts falling due after more than one year
(3,467)
(5,333)
Net assets
62,151 
60,912 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,051 
60,812 
Shareholders' funds
62,151 
60,912 
For the year ending 31 January 2023 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 21 October 2023 and were signed on its behalf by
J M Fox Director Company Registration No. 01713298
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Fox Projects Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Fox Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 01713298. The registered office is 2 The Chambers, Bowden Business Village, Harborough Road, Market Harborough, LE16 7SA.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Land & buildings
20 years
Plant & machinery
6 2/3 years
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 the 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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Fox Projects Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
18,786 
At 31 January 2023
18,786 
Depreciation
At 1 February 2022
18,701 
Charge for the year
34 
At 31 January 2023
18,735 
Net book value
At 31 January 2023
51 
At 31 January 2022
85 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,007 
4,711 
Accrued income and prepayments
333 
948 
Other debtors
25,637 
15,910 
27,977 
21,569 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,866 
1,600 
VAT
430 
1,387 
Trade creditors
1,417 
948 
Taxes and social security
421 
1,801 
Proposed dividends
176 
173 
Other creditors
6,741 
6,740 
Loans from directors
- 
1 
11,051 
12,650 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,467 
5,333 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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