Company Registration No. 04719691 (England and Wales)
D J Fox & Associates Ltd
Unaudited accounts
for the year ended 30 April 2024
D J Fox & Associates Ltd
Unaudited accounts
Contents
D J Fox & Associates Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
17,507
25,832
Inventories
539,439
435,758
Cash at bank and in hand
376,079
573,139
Creditors: amounts falling due within one year
(192,672)
(230,871)
Net current assets
953,932
1,017,000
Total assets less current liabilities
971,439
1,042,832
Creditors: amounts falling due after more than one year
(27,820)
(33,516)
Net assets
943,619
1,009,316
Called up share capital
10
10
Profit and loss account
943,609
1,009,306
Shareholders' funds
943,619
1,009,316
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by
Debra Fox
Director
Company Registration No. 04719691
D J Fox & Associates Ltd
Notes to the Accounts
for the year ended 30 April 2024
D J Fox & Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 04719691. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Work in progress is stated at net realisable value.
D J Fox & Associates Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
31,489
15,411
10,438
57,338
Additions
-
1,264
269
1,533
Disposals
-
(2,087)
-
(2,087)
At 30 April 2024
31,489
14,588
10,707
56,784
At 1 May 2023
22,043
4,032
5,431
31,506
Charge for the year
3,149
3,685
3,024
9,858
On disposals
-
(2,087)
-
(2,087)
At 30 April 2024
25,192
5,630
8,455
39,277
At 30 April 2024
6,297
8,958
2,252
17,507
At 30 April 2023
9,446
11,379
5,007
25,832
Amounts falling due within one year
Trade debtors
228,086
235,974
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,976
5,836
Trade creditors
58,629
60,387
Taxes and social security
24,445
56,802
Loans from directors
1,021
642
The bank loan is secured against the company's assets.
7
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
-
8,658
The bank loan is secured against the company's assets.
D J Fox & Associates Ltd
Notes to the Accounts
for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).