Company Registration No. 12376727 (England and Wales)
ComplyFox Ltd
Unaudited accounts
for the year ended 31 December 2023
ComplyFox Ltd
Unaudited accounts
Contents
ComplyFox Ltd
Company Information
for the year ended 31 December 2023
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
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
ComplyFox Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
76
1,534
Tangible assets
12,223
15,825
Cash at bank and in hand
7,094
794
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
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
ComplyFox Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill, websites and patents) are included at cost less accumulated amortisation.
ComplyFox Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
28,949
At 31 December 2023
16,726
At 31 December 2023
12,223
At 31 December 2022
15,825
Amounts falling due within one year
Trade debtors
(5,000)
45,000
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
-
Taxes and social security
6,275
4,740
Loans from directors
3,006
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).