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Company Registration No. 12376727 (England and Wales)
ComplyFox Ltd Unaudited accounts for the year ended 31 December 2023
ComplyFox Ltd Unaudited accounts Contents
Page
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ComplyFox Ltd Company Information for the year ended 31 December 2023
Director
Slaine Willey
Secretary
James Gear
Company Number
12376727 (England and Wales)
Registered Office
Gloucester House 399 Silbury Boulevard Milton Keynes MK9 2AH England
Accountants
CFO360 Advisors Ltd 483 Green Lanes London N13 4BS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ComplyFox Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ComplyFox Ltd for the year ended 31 December 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
CFO360 Advisors Ltd Chartered Accountants 483 Green Lanes London N13 4BS 29 October 2024
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ComplyFox Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
76 
1,534 
Tangible assets
12,223 
15,825 
12,299 
17,359 
Current assets
Debtors
(3,530)
65,043 
Cash at bank and in hand
7,094 
794 
3,564 
65,837 
Creditors: amounts falling due within one year
(61,729)
(68,946)
Net current liabilities
(58,165)
(3,109)
Net (liabilities)/assets
(45,866)
14,250 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(45,966)
14,150 
Shareholders' funds
(45,866)
14,250 
For the year ending 31 December 2023 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 29 October 2024 and were signed on its behalf by
Slaine Willey Director Company Registration No. 12376727
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ComplyFox Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ComplyFox Ltd is a private company, limited by shares, registered in England and Wales, registration number 12376727. The registered office is Gloucester House, 399 Silbury Boulevard, Milton Keynes, MK9 2AH, England.
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.
3
Accounting policies
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 preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Leased Assets: A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill, websites and patents) are included at cost less accumulated amortisation.
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ComplyFox Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
4,702 
At 31 December 2023
4,702 
Amortisation
At 1 January 2023
3,168 
Charge for the year
1,458 
At 31 December 2023
4,626 
Net book value
At 31 December 2023
76 
At 31 December 2022
1,534 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
26,273 
Additions
2,676 
At 31 December 2023
28,949 
Depreciation
At 1 January 2023
10,448 
Charge for the year
6,278 
At 31 December 2023
16,726 
Net book value
At 31 December 2023
12,223 
At 31 December 2022
15,825 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,470 
1,124 
Trade debtors
(5,000)
45,000 
Other debtors
- 
18,919 
(3,530)
65,043 
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ComplyFox Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
50,227 
- 
Trade creditors
2,046 
300 
Taxes and social security
6,275 
4,740 
Other creditors
- 
25,731 
Loans from directors
3,006 
- 
Accruals
175 
8,175 
Deferred income
- 
30,000 
61,729 
68,946 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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