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REGISTERED NUMBER: 14791451 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 APRIL 2023 TO 28 FEBRUARY 2024

FOR

COTSWOLD FOX CLOTHING LTD

COTSWOLD FOX CLOTHING LTD (REGISTERED NUMBER: 14791451)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 April 2023 to 28 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


COTSWOLD FOX CLOTHING LTD

COMPANY INFORMATION
FOR THE PERIOD 11 April 2023 to 28 February 2024







DIRECTOR: Miss J U S Gray





REGISTERED OFFICE: Haremoor House
Faringdon
United Kingdom
Oxfordshire
SN7 8PN





REGISTERED NUMBER: 14791451 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

COTSWOLD FOX CLOTHING LTD (REGISTERED NUMBER: 14791451)

BALANCE SHEET
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,684

CURRENT ASSETS
Stocks 11,260
Debtors 5 63,592
Cash at bank 732
75,584
CREDITORS
Amounts falling due within one year 6 35,549
NET CURRENT ASSETS 40,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,719

CAPITAL AND RESERVES
Called up share capital 7 65
Share premium 56,445
Retained earnings (9,791 )
SHAREHOLDERS' FUNDS 46,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





Miss J U S Gray - Director


COTSWOLD FOX CLOTHING LTD (REGISTERED NUMBER: 14791451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 April 2023 to 28 February 2024

1. STATUTORY INFORMATION

Cotswold Fox Clothing 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.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

COTSWOLD FOX CLOTHING LTD (REGISTERED NUMBER: 14791451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 April 2023 to 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 8,358
At 28 February 2024 8,358
DEPRECIATION
Charge for period 1,674
At 28 February 2024 1,674
NET BOOK VALUE
At 28 February 2024 6,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 168
Other debtors 63,424
63,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 2,313
Trade creditors 90
VAT 2,611
Other creditors 8,431
Directors' current accounts 20,416
Accrued expenses 1,688
35,549

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
6,500 Ordinary 0.01 65

6,500 Ordinary shares of 0.01 each were allotted as fully paid at a premium of 9.99 per share during the period.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Within creditors there is £20,416 which is due to Miss J Gray. The loan bears no interest and is repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in other debtors is £40,722 is due from Ryder Eye, whom is owned by a family member and shareholder of the company. The transactions were at arms length and bears no interest.

COTSWOLD FOX CLOTHING LTD (REGISTERED NUMBER: 14791451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 April 2023 to 28 February 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S Gray who owns 31% of the voting share capital. However, after the year end Miss J Gray who is also a director of the company purchased more shares and now owns 94% of the company.