REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 |
FOR |
FOX FORMULATED FEEDS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 |
FOR |
FOX FORMULATED FEEDS LIMITED |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FOX FORMULATED FEEDS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 October 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Carlton House |
Bull Close Lane |
Halifax |
West Yorkshire |
HX1 2EG |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
BALANCE SHEET |
31 October 2022 |
31.10.22 | 31.10.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
BALANCE SHEET - continued |
31 October 2022 |
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 and authorised for issue on |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2022 |
1. | STATUTORY INFORMATION |
Fox Formulated Feeds Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2022 |
4. | TANGIBLE FIXED ASSETS |
Farm | Improvements |
Freehold | workers | to |
property | cottage | property |
£ | £ | £ |
COST |
At 1 November 2021 |
Additions |
Disposals |
At 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
Eliminated on disposal |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
Included in cost of land and buildings is freehold land of £ 40,000 (2021 - £ 40,000 ) which is not depreciated. |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2022 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 1 November 2021 |
and 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 November 2021 |
and 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
East Shaws Farm Limited is a close company with 1,000 ordinary shares of £1 each issued and fully paid. At 31 October 2022 the aggregate of the share capital and reserves of East Shaws Farm Limited amounted to £54,484, and the profit after tax for the year to 31 October 2022 was £166,430. East Shaws Farm Limited is a company registered in England and Wales and operates as a poultry farmer. |
The company is entitled to exemption conferred by Section 398 of the Companies Act 2006 from the requirement to prepare group financial statements for the financial year ended 31 October 2022. |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2021 |
Disposals | ( |
) |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Tax |
VAT | 10,354 | 2,706 |
Directors' current accounts | 5,386 | 27,693 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Hire purchase contracts |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.10.22 | 31.10.21 |
£ | £ |
Bank loans |
Hire purchase contracts | 15,000 | 22,500 |
The bank loan is secured by a charge over the company's freehold property. |
Obligations under hire purchase contracts are secured on the assets concerned. |
11. | RELATED PARTY DISCLOSURES |
East Shaws Farm Limited |
Subsidiary Company |
Dividends received in year £150,000 (2021 £200,000) |
31.10.22 | 31.10.21 |
£ | £ |
Amount due from/(to) related party at balance sheet date | 157,481 | 40,620 |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |