Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity64trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14193571 2023-01-01 2023-12-31 14193571 2022-06-24 2022-12-31 14193571 2023-12-31 14193571 2022-12-31 14193571 c:Director2 2023-01-01 2023-12-31 14193571 d:OfficeEquipment 2023-01-01 2023-12-31 14193571 d:OfficeEquipment 2023-12-31 14193571 d:OfficeEquipment 2022-12-31 14193571 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14193571 d:CurrentFinancialInstruments 2023-12-31 14193571 d:CurrentFinancialInstruments 2022-12-31 14193571 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14193571 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14193571 d:ShareCapital 2023-12-31 14193571 d:ShareCapital 2022-12-31 14193571 d:RetainedEarningsAccumulatedLosses 2023-12-31 14193571 d:RetainedEarningsAccumulatedLosses 2022-12-31 14193571 c:FRS102 2023-01-01 2023-12-31 14193571 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14193571 c:FullAccounts 2023-01-01 2023-12-31 14193571 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14193571









ONYX FOX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ONYX FOX LIMITED
REGISTERED NUMBER: 14193571

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,932
2,024

Current assets
  

Stocks
  
750
750

Debtors: amounts falling due within one year
 5 
65,805
40,202

Cash at bank and in hand
 6 
4,286
7,243

  
70,841
48,195

Creditors: amounts falling due within one year
 7 
(97,083)
(89,340)

Net current liabilities
  
 
 
(26,242)
 
 
(41,145)

Total assets less current liabilities
  
(14,310)
(39,121)

  

Net liabilities
  
(14,310)
(39,121)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(14,410)
(39,221)

  
(14,310)
(39,121)


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 year 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.




 
Page 1

 
ONYX FOX LIMITED
REGISTERED NUMBER: 14193571
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




C Winfield
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ONYX FOX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Onyx Fox Limited is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is shown on the company information page. The financial statements are prepared in Sterling (£).
These financial statements represent the year to 31 December 2023 (2022: the period from incorporation on 24 June 2022  to 31 December 2022). 

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

Page 3

 
ONYX FOX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
50%

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.

 
2.6

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 balance sheet 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 4

 
ONYX FOX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 4).

Page 5

 
ONYX FOX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
2,699


Additions
12,408



At 31 December 2023

15,107



Depreciation


At 1 January 2023
675


Charge for the year on owned assets
2,500



At 31 December 2023

3,175



Net book value



At 31 December 2023
11,932



At 31 December 2022
2,024

Page 6

 
ONYX FOX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
53,472
33,521

Other debtors
1,602
2,743

Prepayments and accrued income
10,731
3,938

65,805
40,202



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,286
7,243



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
68,434
89,340

Other taxation and social security
25,386
-

Other creditors
1,012
-

Accruals and deferred income
2,251
-

97,083
89,340



8.


Pension commitments

During the ye the company made pension payments of £3,727 (period to 31 December 2022: £1,440) to the individual pension arrangements of the directors and certain employees. Pension contributions of £1,001 (2022: £Nil) are payable at the balance sheet date.

 
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