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REGISTERED NUMBER: 00900187 (England and Wales)















FOX'S SPICES LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


FOX'S SPICES LIMITED

Company Information
for the year ended 31 December 2023







Director: A R Pester





Registered office: Mason's Road Industrial Est
Mason's Road
Stratford Upon Avon
Warwickshire
CV37 9NF





Registered number: 00900187 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Director
on the Unaudited Financial Statements of
Fox's Spices Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fox's Spices Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Fox's Spices Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fox's Spices Limited and state those matters that we have agreed to state to the director of Fox's Spices Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fox's Spices Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fox's Spices Limited. You consider that Fox's Spices Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fox's Spices Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


20 September 2024

FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 327,072 289,112
Investments 5 8 8
327,080 289,120

Current assets
Stocks 6 95,066 96,943
Debtors 7 85,861 169,040
Cash at bank 310,853 312,975
491,780 578,958
Creditors
Amounts falling due within one year 8 475,886 513,879
Net current assets 15,894 65,079
Total assets less current liabilities 342,974 354,199

Provisions for liabilities 9 23,087 15,891
Net assets 319,887 338,308

Capital and reserves
Called up share capital 30,050 30,050
Capital redemption reserve 19,950 19,950
Retained earnings 269,887 288,308
319,887 338,308

FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 20 September 2024 and were signed by:





A R Pester - Director


FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Fox's Spices 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and equipment - Straight line over 3 years
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Fixed asset investments are shown at the lower of cost and net realisable value. Provisions are made for temporary fluctuations in value.

FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. Accounting policies - continued

Consolidation and group accounts
The company has claimed the exemption conferred by Section 398 of the Companies Act 2006, from preparing group accounts.

Capital instruments
Financial reporting standard No 4 has been adopted in the preparation of these accounts. Capital instruments are accounted for and classified as equity or non-equity share capital, or debt, according to their form.
Fixed asset investments are shown at cost less amounts written off. Provisions are made for temporary fluctuations in value.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 366,605 303,132 36,100 705,837
Additions - 57,492 - 57,492
At 31 December 2023 366,605 360,624 36,100 763,329
Depreciation
At 1 January 2023 121,117 259,508 36,100 416,725
Charge for year 4,055 15,477 - 19,532
At 31 December 2023 125,172 274,985 36,100 436,257
Net book value
At 31 December 2023 241,433 85,639 - 327,072
At 31 December 2022 245,488 43,624 - 289,112

Included in cost of land and buildings is freehold land of £ 163,875 (2022 - £ 163,875 ) which is not depreciated.

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 8
Net book value
At 31 December 2023 8
At 31 December 2022 8

6. Stocks
2023 2022
£    £   
Stocks 95,066 96,943

FOX'S SPICES LIMITED (REGISTERED NUMBER: 00900187)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 73,031 159,717
Other debtors 6,303 2,642
Prepayments 6,527 6,681
85,861 169,040

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 77,528 117,214
Other creditors 3,591 3,558
Corporation tax 1,277 2,555
Social security and other taxes 498 365
Directors' current accounts 362,844 362,790
Accruals and deferred income 30,148 27,397
475,886 513,879

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 23,087 15,891

Deferred
tax
£   
Balance at 1 January 2023 15,891
Movement 7,196
Balance at 31 December 2023 23,087