Company Registration No. 01713298 (England and Wales)
Fox Projects Limited
Report of the Director and Unaudited Financial Statements
for the year ended 31 January 2024
Fox Projects Limited
Report of the Director and Unaudited Financial Statements
Contents
Fox Projects Limited
Company Information
for the year ended 31 January 2024
Company Number
01713298 (England and Wales)
Registered Office
2 The Chambers, Bowden Business Village
Harborough Road
Market Harborough
LE16 7SA
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Fox Projects Limited
Statement of financial position
as at 31 January 2024
Investment property
246,995
-
Cash at bank and in hand
12,199
48,641
Creditors: amounts falling due within one year
(14,859)
(11,051)
Net current assets
31,898
65,567
Total assets less current liabilities
278,911
65,618
Creditors: amounts falling due after more than one year
(229,938)
(3,467)
Called up share capital
100
100
Profit and loss account
48,873
62,051
Shareholders' funds
48,973
62,151
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
J M Fox
Director
Company Registration No. 01713298
Fox Projects Limited
Notes to the Accounts
for the year ended 31 January 2024
Fox Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 01713298. The registered office is 2 The Chambers, Bowden Business Village, Harborough Road, Market Harborough, LE16 7SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
6 2/3 years
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 the tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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.
Fox Projects Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
At 31 January 2024
246,995
Amounts falling due within one year
Trade debtors
25,529
2,007
Accrued income and prepayments
-
333
Other debtors
9,029
25,637
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,600
1,866
Taxes and social security
-
421
Proposed dividends
183
176
Other creditors
8,477
6,741
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
99,805
-
Fox Projects Limited
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).