Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-10-01falseNo description of principal activity65falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07784333 2022-10-01 2023-12-31 07784333 2021-10-01 2022-09-30 07784333 2023-12-31 07784333 2022-09-30 07784333 2021-10-01 07784333 c:Director2 2022-10-01 2023-12-31 07784333 d:OfficeEquipment 2022-10-01 2023-12-31 07784333 d:OfficeEquipment 2023-12-31 07784333 d:OfficeEquipment 2022-09-30 07784333 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 07784333 d:CurrentFinancialInstruments 2023-12-31 07784333 d:CurrentFinancialInstruments 2022-09-30 07784333 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07784333 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 07784333 d:ShareCapital 2022-10-01 2023-12-31 07784333 d:ShareCapital 2023-12-31 07784333 d:ShareCapital 2021-10-01 2022-09-30 07784333 d:ShareCapital 2022-09-30 07784333 d:ShareCapital 2021-10-01 07784333 d:SharePremium 2022-10-01 2023-12-31 07784333 d:SharePremium 2023-12-31 07784333 d:SharePremium 2021-10-01 2022-09-30 07784333 d:SharePremium 2022-09-30 07784333 d:SharePremium 2021-10-01 07784333 d:CapitalRedemptionReserve 2022-10-01 2023-12-31 07784333 d:CapitalRedemptionReserve 2023-12-31 07784333 d:CapitalRedemptionReserve 2021-10-01 2022-09-30 07784333 d:CapitalRedemptionReserve 2022-09-30 07784333 d:CapitalRedemptionReserve 2021-10-01 07784333 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-12-31 07784333 d:RetainedEarningsAccumulatedLosses 2023-12-31 07784333 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 07784333 d:RetainedEarningsAccumulatedLosses 2022-09-30 07784333 d:RetainedEarningsAccumulatedLosses 2021-10-01 07784333 c:OrdinaryShareClass1 2022-10-01 2023-12-31 07784333 c:OrdinaryShareClass1 2023-12-31 07784333 c:OrdinaryShareClass1 2022-09-30 07784333 c:FRS102 2022-10-01 2023-12-31 07784333 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 07784333 c:FullAccounts 2022-10-01 2023-12-31 07784333 c:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 07784333 2 2022-10-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07784333










RED FOX I.D. LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
RED FOX I.D. LIMITED
REGISTERED NUMBER: 07784333

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,449
4,895

  
21,449
4,895

Current assets
  

Stocks
 5 
18,684
18,684

Debtors: amounts falling due within one year
 6 
1,015,081
291,091

Cash at bank and in hand
 7 
1,172,229
2,499,351

  
2,205,994
2,809,126

Creditors: amounts falling due within one year
 8 
(644,117)
(1,765,705)

Net current assets
  
 
 
1,561,877
 
 
1,043,421

Total assets less current liabilities
  
1,583,326
1,048,316

  

Net assets
  
1,583,326
1,048,316


Capital and reserves
  

Called up share capital 
 9 
7
7

Share premium account
  
209,997
209,997

Capital redemption reserve
  
2
2

Profit and loss account
  
1,373,320
838,310

  
1,583,326
1,048,316

Page 1

 
RED FOX I.D. LIMITED
REGISTERED NUMBER: 07784333
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 June 2024.


Mr S Bird
Director

Page 2

 
RED FOX I.D. LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 October 2022
7
209,997
2
838,310
1,048,316


Comprehensive income for the period

Profit for the period

-
-
-
535,010
535,010


Other comprehensive income for the period
-
-
-
-
-


Total comprehensive income for the period
-
-
-
535,010
535,010


Total transactions with owners
-
-
-
-
-


At 31 December 2023
7
209,997
2
1,373,320
1,583,326


The notes on pages 5 to 11 form part of these financial statements.
Page 3

 
RED FOX I.D. LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2022


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 October 2021
7
209,997
2
245,850
455,856


Comprehensive income for the year

Profit for the year

-
-
-
592,460
592,460


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
592,460
592,460


Total transactions with owners
-
-
-
-
-


At 30 September 2022
7
209,997
2
838,310
1,048,316


The notes on pages 5 to 11 form part of these financial statements.
Page 4

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Red Fox I.D Limited is a company domiciled in England and Wales, registration number is 07784333. The Registered Office is The Dairy, Manor Courtyard, Aston Sandford, Bucks, HP17 8JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 6

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 7

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 5).

Page 8

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 October 2022
49,040


Additions
22,475



At 31 December 2023

71,515



Depreciation


At 1 October 2022
44,145


Charge for the period on owned assets
5,970


Disposals
(49)



At 31 December 2023

50,066



Net book value



At 31 December 2023
21,449



At 30 September 2022
4,895


5.


Stocks

31 December
30 September
2023
2022
£
£

Stock
18,684
18,684

18,684
18,684


Page 9

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
30 September
2023
2022
£
£


Trade debtors
878,772
251,315

Other debtors
63,532
37,268

Called up share capital not paid
6
6

Prepayments and accrued income
72,771
2,502

1,015,081
291,091



7.


Cash and cash equivalents

31 December
30 September
2023
2022
£
£

Cash at bank and in hand
1,172,229
2,499,351

1,172,229
2,499,351



8.


Creditors: Amounts falling due within one year

31 December
30 September
2023
2022
£
£

Loans
-
92,000

Trade creditors
17,417
1,080

Corporation tax
74,206
-

Other creditors
47,246
56,336

Accruals and deferred income
505,248
1,616,289

644,117
1,765,705


Page 10

 
RED FOX I.D. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Share capital

31 December
30 September
2023
2022
£
£
Allotted, called up and fully paid



6,595 (2022 - 8,947) Ordinary shares of £0.001 each
7
7


 
Page 11