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REGISTERED NUMBER: 08926032 (England and Wales)











Royal Fox Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Royal Fox Limited (Registered number: 08926032)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Royal Fox Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mrs A H Edmondson
N A Longden





Registered office: 34 High Street
Northwich
Cheshire
CW9 5BE





Registered number: 08926032 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Royal Fox Limited (Registered number: 08926032)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
Fixed assets
Intangible assets 4 499 1,317
Tangible assets 5 762 953
1,261 2,270

Current assets
Stocks 8,000 10,000
Debtors 6 12,769 23,056
Cash at bank and in hand 20,546 14,585
41,315 47,641
Creditors
Amounts falling due within one year 7 (12,524 ) (10,178 )
Net current assets 28,791 37,463
Total assets less current liabilities 30,052 39,733

Provisions for liabilities (144 ) (180 )
Net assets 29,908 39,553

Capital and reserves
Called up share capital 102 102
Retained earnings 29,806 39,451
Shareholders' funds 29,908 39,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Royal Fox Limited (Registered number: 08926032)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mrs A H Edmondson - Director


Royal Fox Limited (Registered number: 08926032)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Royal Fox Limited 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.

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.

An impairment loss has been recognised in the Income statement, following an assessment at the Balance sheet date indicating the recoverable amount was less than its carrying value.

Cryptocurrency are being amortised evenly over their estimated useful life of nil years.

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 etc - 33% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Royal Fox Limited (Registered number: 08926032)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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
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 3 (2023 - 3 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2023 1,317
Impairments (818 )
At 31 March 2024 499
Net book value
At 31 March 2024 499
At 31 March 2023 1,317

Royal Fox Limited (Registered number: 08926032)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 9,014
Depreciation
At 1 April 2023 8,061
Charge for year 191
At 31 March 2024 8,252
Net book value
At 31 March 2024 762
At 31 March 2023 953

6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade debtors 8,700 18,240
Other debtors 4,069 4,816
12,769 23,056

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade creditors 4,009 3,697
Taxation and social security 6,422 4,112
Other creditors 2,093 2,369
12,524 10,178