Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-303truetrue2022-12-01falseRenting and leasing of media entertainment equipment3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07836036 2022-12-01 2023-11-30 07836036 2021-12-01 2022-11-30 07836036 2023-11-30 07836036 2022-11-30 07836036 2021-12-01 07836036 c:Director1 2022-12-01 2023-11-30 07836036 d:MotorVehicles 2022-12-01 2023-11-30 07836036 d:MotorVehicles 2023-11-30 07836036 d:MotorVehicles 2022-11-30 07836036 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07836036 d:FurnitureFittings 2022-12-01 2023-11-30 07836036 d:FurnitureFittings 2023-11-30 07836036 d:FurnitureFittings 2022-11-30 07836036 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07836036 d:OfficeEquipment 2022-12-01 2023-11-30 07836036 d:OfficeEquipment 2023-11-30 07836036 d:OfficeEquipment 2022-11-30 07836036 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07836036 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07836036 d:CurrentFinancialInstruments 2023-11-30 07836036 d:CurrentFinancialInstruments 2022-11-30 07836036 d:Non-currentFinancialInstruments 2023-11-30 07836036 d:Non-currentFinancialInstruments 2022-11-30 07836036 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07836036 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07836036 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 07836036 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07836036 d:ShareCapital 2023-11-30 07836036 d:ShareCapital 2022-11-30 07836036 d:RetainedEarningsAccumulatedLosses 2023-11-30 07836036 d:RetainedEarningsAccumulatedLosses 2022-11-30 07836036 c:FRS102 2022-12-01 2023-11-30 07836036 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07836036 c:FullAccounts 2022-12-01 2023-11-30 07836036 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07836036 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 07836036 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 07836036 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 07836036 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 07836036 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 07836036










FOX AUDIO HIRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FOX AUDIO HIRE LIMITED
REGISTERED NUMBER: 07836036

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,738
17,876

Current assets
  

Debtors: amounts falling due within one year
 5 
10,388
21,304

Cash at bank and in hand
  
3,015
4,254

  
13,403
25,558

Creditors: amounts falling due within one year
 6 
(19,526)
(19,425)

Net current (liabilities)/assets
  
 
 
(6,123)
 
 
6,133

Total assets less current liabilities
  
11,615
24,009

Creditors: amounts falling due after more than one year
 7 
-
(11,471)

Provisions for liabilities
  

Deferred tax
 8 
(2,088)
(2,737)

Net assets
  
9,527
9,801


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,427
9,701

  
9,527
9,801


Page 1

 
FOX AUDIO HIRE LIMITED
REGISTERED NUMBER: 07836036
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2024.




C Fox
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Fox Audio Hire Limited is a private Company limited by shares, incorporated in England and Wales (registered number is 07836036). Its registered office is 59 Hartley Brook Avenue, Sheffield, S5 0HL. The principal activity of the Company throughout the year continued to be that of the renting and leasing of media entertainment equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Motor vehicles
-
25%
reducing balance
Equipment
-
10%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

Page 4

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Equipment
Office equipment
Total

£
£
£
£



Cost 


At 1 December 2022
7,750
17,347
1,573
26,670


Additions
-
2,674
-
2,674


Disposals
-
(129)
(499)
(628)



At 30 November 2023

7,750
19,892
1,074
28,716



Depreciation


At 1 December 2022
3,296
4,474
1,024
8,794


Charge for the year on owned assets
1,113
1,385
108
2,606


Disposals
-
(42)
(380)
(422)



At 30 November 2023

4,409
5,817
752
10,978



Net book value



At 30 November 2023
3,341
14,075
322
17,738



At 30 November 2022
4,454
12,873
549
17,876


5.


Debtors

2023
2022
£
£


Trade debtors
9,786
20,922

Other debtors
180
-

Prepayments
422
382

10,388
21,304


Page 6

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
1,765

Other taxation and social security
3,813
6,232

Other creditors
14,301
10,459

Accruals
1,412
969

19,526
19,425



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
11,471


Page 7

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Deferred taxation




2023
2022


£

£






At beginning of year
2,737
-


Charged to profit or loss
(649)
2,737



At end of year
2,088
2,737

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
3,370
4,232

Tax losses carried forward
(1,282)
(1,495)

2,088
2,737

 
Page 8