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REGISTERED NUMBER: 08908928 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Foxwood Building Services Ltd

Foxwood Building Services Ltd (Registered number: 08908928)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foxwood Building Services Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: T Betts





REGISTERED OFFICE: Hill Farm
Bacons Green Road
Westhall
Halesworth
Suffolk
IP19 8RA





REGISTERED NUMBER: 08908928 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Foxwood Building Services Ltd (Registered number: 08908928)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 650 1,300
Tangible assets 5 54,507 72,805
55,157 74,105

CURRENT ASSETS
Stocks 4,750 13,500
Debtors 6 25,294 86,670
Cash at bank 5,716 50,007
35,760 150,177
CREDITORS
Amounts falling due within one year 7 48,773 125,082
NET CURRENT (LIABILITIES)/ASSETS (13,013 ) 25,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,144

99,200

CREDITORS
Amounts falling due after more than
one year

8

(10,833

)

(86,872

)

PROVISIONS FOR LIABILITIES (10,174 ) (13,472 )
NET ASSETS/(LIABILITIES) 21,137 (1,144 )

Foxwood Building Services Ltd (Registered number: 08908928)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,037 (1,244 )
SHAREHOLDERS' FUNDS 21,137 (1,144 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24 November 2023 and were signed by:





T Betts - Director


Foxwood Building Services Ltd (Registered number: 08908928)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Foxwood Building Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Accounting policies
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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on reducing balance
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Foxwood Building Services Ltd (Registered number: 08908928)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Turnover
Turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. All of the turnover took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

Foxwood Building Services Ltd (Registered number: 08908928)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 6,500
AMORTISATION
At 1 June 2022 5,200
Charge for year 650
At 31 May 2023 5,850
NET BOOK VALUE
At 31 May 2023 650
At 31 May 2022 1,300

5. TANGIBLE FIXED ASSETS
Freehold Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2022 9,218 108,355 58,890 176,463
Additions - 6,433 - 6,433
Disposals - (38,500 ) (8,995 ) (47,495 )
At 31 May 2023 9,218 76,288 49,895 135,401
DEPRECIATION
At 1 June 2022 7,317 60,601 35,740 103,658
Charge for year 381 3,783 5,286 9,450
Eliminated on disposal - (25,973 ) (6,241 ) (32,214 )
At 31 May 2023 7,698 38,411 34,785 80,894
NET BOOK VALUE
At 31 May 2023 1,520 37,877 15,110 54,507
At 31 May 2022 1,901 47,754 23,150 72,805

Included in the total net book value of tangible fixed assets held at 31 May 2023 was £ 6,791 (2022 £ 9,054) in respect of assets held under finance leases and hire purchase contracts.

Foxwood Building Services Ltd (Registered number: 08908928)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts recoverable on contract 23,697 85,073
Other debtors 1,597 1,597
25,294 86,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,000 19,172
Hire purchase contracts 2,479 2,479
Trade creditors 22,052 55,782
Taxation and social security 14,001 17,041
Other creditors 5,241 30,608
48,773 125,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 10,833 15,833
Hire purchase contracts - 2,479
Other creditors - 68,560
10,833 86,872

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 2,479 4,958