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REGISTERED NUMBER: 07944930 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Fox Fencing Southwest Ltd

Fox Fencing Southwest Ltd (Registered number: 07944930)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fox Fencing Southwest Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M H Fox





REGISTERED OFFICE: Unit 1 Riverbank Court
North Devon Business Park
Barnstaple
Devon
EX31 4FY





REGISTERED NUMBER: 07944930 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Fox Fencing Southwest Ltd (Registered number: 07944930)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,433 12,776

CURRENT ASSETS
Stocks 21,294 41,325
Debtors 5 71,828 144,575
93,122 185,900
CREDITORS
Amounts falling due within one year 6 94,869 161,539
NET CURRENT (LIABILITIES)/ASSETS (1,747 ) 24,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,686

37,137

CREDITORS
Amounts falling due after more than one
year

7

(32,167

)

(36,700

)

PROVISIONS FOR LIABILITIES (842 ) (327 )
NET (LIABILITIES)/ASSETS (30,323 ) 110

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (30,343 ) 90
SHAREHOLDERS' FUNDS (30,323 ) 110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Fox Fencing Southwest Ltd (Registered number: 07944930)

Balance Sheet - continued
30 November 2023


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 29 August 2024 and were signed by:





M H Fox - Director


Fox Fencing Southwest Ltd (Registered number: 07944930)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Fox Fencing Southwest 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 etc - 25% on cost and 15% on cost

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

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.

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.

Fox Fencing Southwest Ltd (Registered number: 07944930)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 41,594
Disposals (9,048 )
At 30 November 2023 32,546
DEPRECIATION
At 1 December 2022 28,818
Charge for year 1,479
Eliminated on disposal (2,184 )
At 30 November 2023 28,113
NET BOOK VALUE
At 30 November 2023 4,433
At 30 November 2022 12,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 45,037 109,799
Other debtors 26,791 34,776
71,828 144,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 14,090 18,738
Hire purchase contracts - 814
Trade creditors 29,093 102,414
Taxation and social security 45,225 35,528
Other creditors 6,461 4,045
94,869 161,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 32,167 36,700

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director owed the company £9,641 at the year end