1 April 2022 false No description of principal activity Taxfiler 2023.10 11903740business:PrivateLimitedCompanyLtd2022-04-012023-03-31 119037402022-03-31 119037402022-04-012023-03-31 11903740business:AuditExemptWithAccountantsReport2022-04-012023-03-31 11903740business:FilletedAccounts2022-04-012023-03-31 119037402023-03-31 11903740business:Director12022-04-012023-03-31 11903740business:RegisteredOffice2022-04-012023-03-31 119037402022-03-31 11903740core:WithinOneYear2023-03-31 11903740core:WithinOneYear2022-03-31 11903740core:AfterOneYear2023-03-31 11903740core:AfterOneYear2022-03-31 11903740core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11903740core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11903740core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11903740core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11903740core:PreviouslyStatedAmount2023-03-31 11903740core:PreviouslyStatedAmount2022-03-31 11903740business:SmallEntities2022-04-012023-03-31 11903740countries:EnglandWales2022-04-012023-03-31 11903740core:MotorVehicles2022-04-012023-03-31 11903740core:ComputerEquipment2022-04-012023-03-31 11903740core:MotorVehicles2022-03-31 11903740core:ComputerEquipment2022-03-31 11903740core:MotorVehicles2023-03-31 11903740core:ComputerEquipment2023-03-31 119037402021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
Graham Foxcroft Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,525 
13,143 
Current assets
Debtors
11,426 
5,427 
Cash at bank and in hand
23,182 
20,980 
34,608 
26,407 
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)
Net assets
12,580 
10,712 
Capital and reserves
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
- 5 -
Graham Foxcroft Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
318 
318 
Disposals
(10,000)
- 
(10,000)
At 31 March 2023
9,800 
717 
10,517 
Depreciation
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 
Net book value
At 31 March 2023
5,161 
364 
5,525 
At 31 March 2022
12,975 
168 
13,143 
- 6 -
Graham Foxcroft Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
VAT
3,636 
3,764 
Trade creditors
9,284 
9,033 
Taxes and social security
3,783 
2,679 
Loans from directors
2,863 
27 
Accruals
214 
214 
22,169 
20,973 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,384 
7,865 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -