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REGISTERED NUMBER: 00202014 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Charles Fox (Jewellers) Limited

Charles Fox (Jewellers) Limited (Registered number: 00202014)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charles Fox (Jewellers) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S D F Snell
D J F Snell
Miss H N F Snell





SECRETARY: S D F Snell





REGISTERED OFFICE: 898 - 902 Wimborne Road
Moordown
Bournemouth
Dorset
BH9 2DW





REGISTERED NUMBER: 00202014 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Charles Fox (Jewellers) Limited (Registered number: 00202014)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 765,127 648,832
Investments 5 90 90
765,217 648,922

CURRENT ASSETS
Stocks 1,871,906 1,927,742
Debtors 6 962,984 999,607
Cash at bank and in hand 1,109,200 868,545
3,944,090 3,795,894
CREDITORS
Amounts falling due within one year 7 947,486 924,444
NET CURRENT ASSETS 2,996,604 2,871,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,761,821

3,520,372

CREDITORS
Amounts falling due after more than
one year

8

(721,756

)

(533,047

)

PROVISIONS FOR LIABILITIES (183,631 ) (123,278 )
NET ASSETS 2,856,434 2,864,047

CAPITAL AND RESERVES
Called up share capital 29,075 29,075
Retained earnings 2,827,359 2,834,972
2,856,434 2,864,047

Charles Fox (Jewellers) Limited (Registered number: 00202014)

Balance Sheet - continued
31 January 2024


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

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

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 23 September 2024 and were signed on its behalf by:





S D F Snell - Director


Charles Fox (Jewellers) Limited (Registered number: 00202014)

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

1. STATUTORY INFORMATION

Charles Fox (Jewellers) 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.
Land and buildings - in accordance with the property
Plant and machinery etc - straight line over 3 years, 15% on reducing balance, 10% on reducing balance and 5% on reducing balance

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.


Charles Fox (Jewellers) Limited (Registered number: 00202014)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 15 (2023 - 15 ) .

Charles Fox (Jewellers) Limited (Registered number: 00202014)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 68,133 952,459 1,020,592
Additions 2,838 170,684 173,522
At 31 January 2024 70,971 1,123,143 1,194,114
DEPRECIATION
At 1 February 2023 20,237 351,523 371,760
Charge for year 1,104 56,123 57,227
At 31 January 2024 21,341 407,646 428,987
NET BOOK VALUE
At 31 January 2024 49,630 715,497 765,127
At 31 January 2023 47,896 600,936 648,832

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 February 2023
and 31 January 2024 90
NET BOOK VALUE
At 31 January 2024 90
At 31 January 2023 90

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,757 28,975
Amounts owed by group undertakings 909,795 935,926
Other debtors 46,432 34,706
962,984 999,607

Charles Fox (Jewellers) Limited (Registered number: 00202014)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 95,000 103,200
Hire purchase contracts 9,285 7,569
Sales ledger credit balances 9,988 28,822
Trade creditors 478,629 354,655
Taxation and social security 317,557 308,667
Other creditors 37,027 121,531
947,486 924,444

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 671,667 473,672
Hire purchase contracts 27,589 36,875
Other creditors 22,500 22,500
721,756 533,047

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 36,874 44,444
Bank loans 650,000 410,206
686,874 454,650

Charles Fox (Jewellers) Limited (Registered number: 00202014)

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

10. RELATED PARTY DISCLOSURES

Charles Fox Holdings Limited - Parent company

During the year the company paid dividends to its parent company of £588,637
(2023 £563,126).
The company also made transfers to the parent company in the year of £587,200
(2023 £518,750) and also paid expenses on behalf of the parent company of £2,306
(2023 £2,351).

The company was charge £27,000 (2023 £2,500) for management charges in the year.

As at 31 January 2024 the parent company owed the company £909,795 (2023 £985,926).