Company Registration No. 11042745 (England and Wales)
Fox Robotics Limited
Unaudited accounts
for the year ended 31 December 2023
Fox Robotics Limited
Unaudited accounts
Contents
Fox Robotics Limited
Company Information
for the year ended 31 December 2023
Directors
Dominic Keen
Paul Soanes
Gary Livingstone
Christian Gordon-Pullar
Company Number
11042745 (England and Wales)
Registered Office
Unit 4, Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Fox Robotics Limited
Statement of financial position
as at 31 December 2023
Intangible assets
10,778
6,000
Tangible assets
6,794
8,539
Cash at bank and in hand
77,098
49,744
Creditors: amounts falling due within one year
(199,288)
(34,118)
Net current assets
23,178
139,024
Total assets less current liabilities
40,750
153,563
Creditors: amounts falling due after more than one year
(19,981)
(18,310)
Called up share capital
297
243
Share premium
1,659,317
1,331,068
Fair value reserve
2,546
-
Profit and loss account
(1,641,391)
(1,196,058)
Shareholders' funds
20,769
135,253
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by
Gary Livingstone
Director
Company Registration No. 11042745
Fox Robotics Limited
Notes to the Accounts
for the year ended 31 December 2023
Fox Robotics Limited is a private company, limited by shares, registered in England and Wales, registration number 11042745. The registered office is Unit 4, Abbey Business Park, Monks Walk, Farnham, Surrey, GU9 8HT.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of 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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2023
10,778
At 31 December 2023
10,778
Fox Robotics Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
5,437
10,422
15,859
At 31 December 2023
5,437
10,829
16,266
At 1 January 2023
1,723
5,597
7,320
Charge for the year
929
1,223
2,152
At 31 December 2023
2,652
6,820
9,472
At 31 December 2023
2,785
4,009
6,794
At 31 December 2022
3,714
4,825
8,539
Amounts falling due within one year
Accrued income and prepayments
34,469
4,784
Other debtors
35,080
112,508
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,322
5,641
Trade creditors
56,512
3,919
Taxes and social security
14,843
8,427
Other creditors
18,789
1,356
8
Creditors: amounts falling due after more than one year
2023
2022
Fox Robotics Limited
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
2,747,519 Ordinary shares of £0.0001 each
274.75
243.24
178,572 A shares of £0.0001 each
17.85
17.85
34,512 B shares of £0.0001 each
3.45
3.45
Shares issued during the period:
315,098 Ordinary shares of £0.0001 each
32
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).