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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
Page
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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
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Fox Robotics Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,778 
6,000 
Tangible assets
6,794 
8,539 
17,572 
14,539 
Current assets
Inventories
64,050 
- 
Debtors
81,318 
123,398 
Cash at bank and in hand
77,098 
49,744 
222,466 
173,142 
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)
Net assets
20,769 
135,253 
Capital and reserves
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
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Fox Robotics Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Turnover
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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
6,000 
Additions
4,778 
At 31 December 2023
10,778 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
10,778 
At 31 December 2022
6,000 
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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 
Additions
- 
407 
407 
At 31 December 2023
5,437 
10,829 
16,266 
Depreciation
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 
Net book value
At 31 December 2023
2,785 
4,009 
6,794 
At 31 December 2022
3,714 
4,825 
8,539 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,769 
2,506 
Trade debtors
- 
3,600 
Accrued income and prepayments
34,469 
4,784 
Other debtors
35,080 
112,508 
81,318 
123,398 
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 
Loans from directors
99 
- 
Accruals
100,723 
14,775 
199,288 
34,118 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,527 
18,310 
Other creditors
7,454 
- 
19,981 
18,310 
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Fox Robotics Limited Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
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 
296.05 
264.54 
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).
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