Company Registration No. NI647026 (Northern Ireland)
Foxleigh Consulting Limited
Unaudited accounts
for the year ended 31 July 2023
Foxleigh Consulting Limited
Statement of financial position
as at 31 July 2023
Tangible assets
4,324
7,544
Cash at bank and in hand
102,875
15,294
Creditors: amounts falling due within one year
(40,734)
(44,553)
Net current assets
68,621
9,536
Called up share capital
100
100
Profit and loss account
96,330
33,797
Shareholders' funds
96,430
33,897
For the year ending 31 July 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 28 February 2024 and were signed on its behalf by
Christopher Webber
Director
Company Registration No. NI647026
Foxleigh Consulting Limited
Notes to the Accounts
for the year ended 31 July 2023
Foxleigh Consulting Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI647026. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE, United Kingdom.
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.
The director believes that the company Foxleigh Consulting Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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:
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Fixed asset investments are measured at cost less provision for any diminution in value.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. . Turnover from the rendering of consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foxleigh Consulting Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
5,162
9,424
14,586
Disposals
-
(2,371)
(2,371)
At 31 July 2023
5,162
7,885
13,047
At 1 August 2022
1,405
5,637
7,042
Charge for the year
1,032
2,361
3,393
On disposals
-
(1,712)
(1,712)
At 31 July 2023
2,437
6,286
8,723
At 31 July 2023
2,725
1,599
4,324
At 31 July 2022
3,757
3,787
7,544
5
Investments
Other investments
Valuation at 1 August 2022
16,817
Valuation at 31 July 2023
23,485
Amounts falling due within one year
Trade debtors
6,480
37,124
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
32,718
14,094
Other creditors
5,895
7,396
Loans from directors
621
21,563
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Foxleigh Consulting Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).