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REGISTERED NUMBER: 04522310 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 August 2024

for

Foxbridge Independent Financial
Solutions Limited

Foxbridge Independent Financial
Solutions Limited (Registered number: 04522310)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Foxbridge Independent Financial
Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S L Batterham



SECRETARY: Mrs K J Batterham



REGISTERED OFFICE: Prince William House
10 Lower Church Street
Ashby-de-la-Zouch
Leicestershire
LE65 1AB



REGISTERED NUMBER: 04522310 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: Barclays Bank Plc
1-3 Haymarket Towers
Humberstone Gate
Leicestershire
LE1 1WA

Foxbridge Independent Financial
Solutions Limited (Registered number: 04522310)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,018 2,244

CURRENT ASSETS
Debtors 5 14,797 13,980
Cash at bank and in hand 159,393 143,300
174,190 157,280
CREDITORS
Amounts falling due within one year 6 55,076 48,675
NET CURRENT ASSETS 119,114 108,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,132

110,849

PROVISIONS FOR LIABILITIES 245 417
NET ASSETS 119,887 110,432

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 119,885 110,430
SHAREHOLDERS' FUNDS 119,887 110,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Foxbridge Independent Financial
Solutions Limited (Registered number: 04522310)

Statement of Financial Position - continued
31 August 2024


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 30 September 2024 and were signed by:





S L Batterham - Director


Foxbridge Independent Financial
Solutions Limited (Registered number: 04522310)

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

1. STATUTORY INFORMATION

Foxbridge Independent Financial Solutions 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Loans from directors
Any loans from the directors to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Foxbridge Independent Financial
Solutions Limited (Registered number: 04522310)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 4,438 7,560 11,998
DEPRECIATION
At 1 September 2023 3,240 6,514 9,754
Charge for year 180 1,046 1,226
At 31 August 2024 3,420 7,560 10,980
NET BOOK VALUE
At 31 August 2024 1,018 - 1,018
At 31 August 2023 1,198 1,046 2,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,607 12,410
Other debtors 240 240
Prepayments 950 1,330
14,797 13,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,830
Tax 15,074 5,221
Social security and other taxes 360 305
Directors' current accounts 37,380 35,449
Accrued expenses 2,262 3,870
55,076 48,675

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2