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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,324 
7,544 
Investments
23,485 
16,817 
27,809 
24,361 
Current assets
Debtors
6,480 
38,795 
Cash at bank and in hand
102,875 
15,294 
109,355 
54,089 
Creditors: amounts falling due within one year
(40,734)
(44,553)
Net current assets
68,621 
9,536 
Net assets
96,430 
33,897 
Capital and reserves
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
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Foxleigh Consulting Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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.
Investments
Fixed asset investments are measured at cost less provision for any diminution in value.
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 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.
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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 
Additions
- 
832 
832 
Disposals
- 
(2,371)
(2,371)
At 31 July 2023
5,162 
7,885 
13,047 
Depreciation
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 
Net book value
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 
Additions
6,668 
Valuation at 31 July 2023
23,485 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,671 
Trade debtors
6,480 
37,124 
6,480 
38,795 
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 
Accruals
1,500 
1,500 
40,734 
44,553 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
- 5 -