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REGISTERED NUMBER: 03083531 (England and Wales)















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: Mr N Fox
Mrs A F Fox





REGISTERED OFFICE: East Shaws Farm
Westwick
Barnard Castle
Co. Durham
DL12 8UT





REGISTERED NUMBER: 03083531 (England and Wales)





ACCOUNTANTS: Bairstow and Atkinson Chartered 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 4 382,923 404,359
Investments 5 1,000 1,000
Investment property 6 - 215,662
383,923 621,021

CURRENT ASSETS
Debtors 7 553,748 222,197
Cash at bank 726,011 434,315
1,279,759 656,512
CREDITORS
Amounts falling due within one year 8 408,340 260,785
NET CURRENT ASSETS 871,419 395,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,342

1,016,748

CREDITORS
Amounts falling due after more than one
year

9

(21,010

)

(55,396

)

PROVISIONS FOR LIABILITIES (19,145 ) (21,470 )
NET ASSETS 1,215,187 939,882

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,210,187 934,882
SHAREHOLDERS' FUNDS 1,215,187 939,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

FOX FORMULATED FEEDS LIMITED (REGISTERED NUMBER: 03083531)

BALANCE SHEET - continued
31 October 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr N Fox - Director


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 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.

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.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 349,883 - 38,476
Additions - 11,209 -
Disposals - - -
At 31 October 2022 349,883 11,209 38,476
DEPRECIATION
At 1 November 2021 103,479 - 5,817
Charge for year 5,062 - 740
Eliminated on disposal - - -
At 31 October 2022 108,541 - 6,557
NET BOOK VALUE
At 31 October 2022 241,342 11,209 31,919
At 31 October 2021 246,404 - 32,659

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2021 582,545 5,285 8,639 984,828
Additions 2,900 - 618 14,727
Disposals (19,000 ) - - (19,000 )
At 31 October 2022 566,445 5,285 9,257 980,555
DEPRECIATION
At 1 November 2021 460,117 5,140 5,916 580,469
Charge for year 19,220 - 461 25,483
Eliminated on disposal (8,320 ) - - (8,320 )
At 31 October 2022 471,017 5,140 6,377 597,632
NET BOOK VALUE
At 31 October 2022 95,428 145 2,880 382,923
At 31 October 2021 122,428 145 2,723 404,359

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 98,000
DEPRECIATION
At 1 November 2021 24,500
Charge for year 18,375
At 31 October 2022 42,875
NET BOOK VALUE
At 31 October 2022 55,125
At 31 October 2021 73,500

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2021
and 31 October 2022 1,000
NET BOOK VALUE
At 31 October 2022 1,000
At 31 October 2021 1,000

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 215,662
Disposals (215,662 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 215,662

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 181,756 56,361
Amounts owed by group undertakings 157,481 40,620
Accrued income 214,511 125,216
553,748 222,197

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 28,275 28,272
Hire purchase contracts 7,500 7,500
Trade creditors 260,305 133,735
Tax 53,682 23,151
VAT 10,354 2,706
Directors' current accounts 5,386 27,693
Accrued expenses 42,838 37,728
408,340 260,785

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans - 1-2 years 13,510 28,272
Bank loans - 2-5 years - 12,124
Hire purchase contracts 7,500 15,000
21,010 55,396

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank loans 41,785 68,668
Hire purchase contracts 15,000 22,500
56,785 91,168

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 Mr N Fox.