Company No:
Contents
2024 | 2023 | |||
£ | £ | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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7,599 | 13,312 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 7,597 | 7,590 | ||
Total assets less current liabilities | 7,597 | 7,590 | ||
Provision for liabilities |
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account | (
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Ambrose Fox Limited (registered number:
J G Banfield
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Ambrose Fox Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
The Barn
Wytham
Oxford
England
OX2 8QJ
United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Ambrose Fox Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
In 2022 the directors made the decision that the Company would cease trading following the sale of the shares in the company during the period.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Office equipment |
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Computer equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Office equipment | Computer equipment | Total | |||
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Cost | |||||
At 01 May 2023 |
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Disposals | (
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At 30 April 2024 |
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Accumulated depreciation | |||||
At 01 May 2023 |
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Disposals | (
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 30 April 2023 |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Corporation tax |
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2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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