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REGISTERED NUMBER: 08665949 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

S & S FOX LTD
TRADING AS
J.R. HOWITT

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S & S FOX LTD
TRADING AS J.R. HOWITT

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: Mr S Fox
Mrs S H Fox
Mr J Fox





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





BUSINESS ADDRESS: Unit 2b
New Line Road
Kirkby in Ashfield
Nottinghamshire
NG17 8JQ





REGISTERED NUMBER: 08665949 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

ABRIDGED BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 151,371 123,604
Investment property 6 51,000 -
202,371 123,604

CURRENT ASSETS
Debtors 104,045 204,740
Cash at bank and in hand 74,719 12,945
178,764 217,685
CREDITORS
Amounts falling due within one year 96,736 160,006
NET CURRENT ASSETS 82,028 57,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,399

181,283

CREDITORS
Amounts falling due after more than one
year

7

(33,578

)

(58,816

)

PROVISIONS FOR LIABILITIES (26,158 ) (6,986 )
NET ASSETS 224,663 115,481

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 9 40,377 -
Retained earnings 184,186 115,381
SHAREHOLDERS' FUNDS 224,663 115,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th April 2024 and were signed on its behalf by:




Mr S Fox - Director



Mr J Fox - Director


S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

S & S Fox Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover & amounts recoverable on contracts
Turnover represents net invoiced sales of goods, excluding value added tax. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost and 25% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022
and 31st August 2023 35,000
AMORTISATION
At 1st September 2022
and 31st August 2023 35,000
NET BOOK VALUE

At 31st August 2023 -
At 31st August 2022 -

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st September 2022 199,159
Additions 94,956
Disposals (25,715 )
Reclassification/transfer (51,000 )
At 31st August 2023 217,400
DEPRECIATION
At 1st September 2022 75,555
Charge for year 6,135
Eliminated on disposal (13,857 )
Revaluation adjustments (1,804 )
At 31st August 2023 66,029
NET BOOK VALUE
At 31st August 2023 151,371
At 31st August 2022 123,604

Cost or valuation at 31st August 2023 is represented by:

Totals
£   
Valuation in 2023 217,400

If the freehold land and building had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 60,000 60,000

the freehold land and building were valued on an open market basis basis on 2nd April 2024 by heb chartered surveyors .

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1st September 2022 20,965
Disposals (20,965 )
At 31st August 2023 -
DEPRECIATION
At 1st September 2022 12,524
Eliminated on disposal (12,524 )
At 31st August 2023 -
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 8,441

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 51,000
At 31st August 2023 51,000
NET BOOK VALUE
At 31st August 2023 51,000

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2023 51,000

If the property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 33,000 33,000

The property was valued on an open market basis basis on 2nd April 2024 by heb chartered surveyors .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 11,439

S & S FOX LTD (REGISTERED NUMBER: 08665949)
TRADING AS J.R. HOWITT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 47,778 71,606

A fixed and floating charge was signed and lodged against the freehold property to secure all liabilities to Lloyds Bank PLC.

9. RESERVES
Non-distributable
reserves
£   
Fair value transfer 40,377

At 31st August 2023 40,377