Company Registration No. 11903740 (England and Wales)
Graham Foxcroft Ltd
Unaudited accounts
for the year ended 31 March 2023
Graham Foxcroft Ltd
Unaudited accounts
Contents
Graham Foxcroft Ltd
Company Information
for the year ended 31 March 2023
Director
Graham Thomas Foxcroft
Company Number
11903740 (England and Wales)
Registered Office
Brunel House
9 Penrod Way
Heysham
LA3 2UZ
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Graham Foxcroft Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Graham Foxcroft Ltd for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Graham Foxcroft Ltd, as a body, in accordance with the terms of our engagement letter dated 25 March 2019. Our work has been undertaken solely to prepare for your approval the accounts of Graham Foxcroft Ltd and state those matters that we have agreed to state to the Board of Directors of Graham Foxcroft Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graham Foxcroft Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Graham Foxcroft Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Graham Foxcroft Ltd. You consider that Graham Foxcroft Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Graham Foxcroft Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Blend Accountants
Chartered Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
7 June 2023
Graham Foxcroft Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
5,525
13,143
Cash at bank and in hand
23,182
20,980
Creditors: amounts falling due within one year
(22,169)
(20,973)
Net current assets
12,439
5,434
Total assets less current liabilities
17,964
18,577
Creditors: amounts falling due after more than one year
(5,384)
(7,865)
Called up share capital
1
1
Profit and loss account
12,579
10,711
Shareholders' funds
12,580
10,712
For the year ending 31 March 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 7 June 2023 and were signed on its behalf by
Graham Thomas Foxcroft
Director
Company Registration No. 11903740
Graham Foxcroft Ltd
Notes to the Accounts
for the year ended 31 March 2023
Graham Foxcroft Ltd is a private company, limited by shares, registered in England and Wales, registration number 11903740. The registered office is Brunel House, 9 Penrod Way, Heysham, LA3 2UZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
19,800
399
20,199
Disposals
(10,000)
-
(10,000)
At 31 March 2023
9,800
717
10,517
At 1 April 2022
6,825
231
7,056
Charge for the year
1,720
122
1,842
On disposals
(3,906)
-
(3,906)
At 31 March 2023
4,639
353
4,992
At 31 March 2023
5,161
364
5,525
At 31 March 2022
12,975
168
13,143
Graham Foxcroft Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
11,426
5,427
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,389
5,256
Trade creditors
9,284
9,033
Taxes and social security
3,783
2,679
Loans from directors
2,863
27
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).