Fox and Beau Ltd 12734189 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is retail sale of textiles in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true true 12734189 2023-08-01 2024-07-31 12734189 2024-07-31 12734189 core:CurrentFinancialInstruments 2024-07-31 12734189 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12734189 bus:SmallEntities 2023-08-01 2024-07-31 12734189 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12734189 bus:FilletedAccounts 2023-08-01 2024-07-31 12734189 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12734189 bus:RegisteredOffice 2023-08-01 2024-07-31 12734189 bus:Director1 2023-08-01 2024-07-31 12734189 bus:Director2 2023-08-01 2024-07-31 12734189 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12734189 countries:EnglandWales 2023-08-01 2024-07-31 12734189 2022-08-01 2023-07-31 12734189 2023-07-31 12734189 core:CurrentFinancialInstruments 2023-07-31 12734189 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12734189

Fox and Beau Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Fox and Beau Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Fox and Beau Ltd

Company Information

Directors

Miss S Fox

Miss P Beaumont

Registered office

14 Greenside
Prestwood
Great Missenden
HP16 0SE

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Fox and Beau Ltd

(Registration number: 12734189)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

4,000

-

Debtors

5

805

-

Cash at bank and in hand

 

1,442

4,108

 

6,247

4,108

Creditors: Amounts falling due within one year

6

(6,041)

(4,000)

Net assets

 

206

108

Capital and reserves

 

Called up share capital

2

2

Retained earnings

204

106

Shareholders' funds

 

206

108

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Miss S Fox
Director

 

Fox and Beau Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Greenside
Prestwood
Great Missenden
HP16 0SE
England

These financial statements were authorised for issue by the Board on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

 

Fox and Beau Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Other inventories

4,000

-

 

Fox and Beau Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

805

-

 

805

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

21

-

Accruals and deferred income

1,440

-

Other creditors

4,580

4,000

6,041

4,000