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REGISTERED NUMBER: 10988439 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

SBR Foxhills Limited

SBR Foxhills Limited (Registered number: 10988439)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SBR Foxhills Limited

Company Information
for the Year Ended 30th September 2024







DIRECTOR: M J Berry





REGISTERED OFFICE: Kingsferry House
Burton-upon-Stather
Scunthorpe
North Lincolnshire
DN15 9DJ





REGISTERED NUMBER: 10988439 (England and Wales)





ACCOUNTANTS: DG Accountants (Blyton) Ltd
53 Irwin Road
Blyton
Gainsborough
Lincolnshire
DN21 3LS

SBR Foxhills Limited (Registered number: 10988439)

Balance Sheet
30th September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,120,947 2,115,547

CURRENT ASSETS
Stocks 147,450 126,850
Debtors 5 943,921 868,502
Cash at bank 32,952 101,083
1,124,323 1,096,435
CREDITORS
Amounts falling due within one year 6 1,338,190 1,339,596
NET CURRENT LIABILITIES (213,867 ) (243,161 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,907,080

1,872,386

CREDITORS
Amounts falling due after more than one
year

7

(32,715

)

(101,389

)

PROVISIONS FOR LIABILITIES 8 (326,959 ) (243,665 )
NET ASSETS 1,547,406 1,527,332

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 9 145,316 145,316
Retained earnings 1,402,080 1,382,006
1,547,406 1,527,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

SBR Foxhills Limited (Registered number: 10988439)

Balance Sheet - continued
30th September 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 6th November 2024 and were signed by:





M J Berry - Director


SBR Foxhills Limited (Registered number: 10988439)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

SBR Foxhills 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SBR Foxhills Limited (Registered number: 10988439)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1st October 2023 500,000 3,158,425 3,658,425
Additions - 499,541 499,541
Disposals - (50,406 ) (50,406 )
At 30th September 2024 500,000 3,607,560 4,107,560
DEPRECIATION
At 1st October 2023 - 1,542,878 1,542,878
Charge for year - 455,674 455,674
Eliminated on disposal - (11,939 ) (11,939 )
At 30th September 2024 - 1,986,613 1,986,613
NET BOOK VALUE
At 30th September 2024 500,000 1,620,947 2,120,947
At 30th September 2023 500,000 1,615,547 2,115,547

Included in cost or valuation of land and buildings is freehold land of £ 500,000 (2023 - £ 500,000 ) which is not depreciated.

Cost or valuation at 30th September 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2024 500,000 3,607,560 4,107,560

If freehold property had not been revalued it would have been included at the following historical cost:

30/9/24 30/9/23
£    £   
Cost 354,684 354,684

Value of land in freehold land and buildings 500,000 500,000

Freehold property was valued on an open market basis on 11th June 2023 by PPH Commercial .

SBR Foxhills Limited (Registered number: 10988439)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1st October 2023 501,754
Additions 43,275
Transfer to ownership (501,754 )
At 30th September 2024 43,275
DEPRECIATION
At 1st October 2023 196,668
Charge for year 1,275
Transfer to ownership (196,668 )
At 30th September 2024 1,275
NET BOOK VALUE
At 30th September 2024 42,000
At 30th September 2023 305,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 927,242 868,502
Prepayments 16,679 -
943,921 868,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts 10,905 142,136
Trade creditors 677,616 565,601
Tax 115,657 74,557
Social security and other taxes 25,435 18,998
VAT 176,758 117,149
Directors' current accounts 330,207 419,665
Accrued expenses 1,612 1,490
1,338,190 1,339,596

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts 32,715 101,389

SBR Foxhills Limited (Registered number: 10988439)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

8. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 326,959 243,665

Deferred
tax
£   
Balance at 1st October 2023 243,665
Provided during year 83,294
Balance at 30th September 2024 326,959

9. RESERVES
Revaluation
reserve
£   
At 1st October 2023
and 30th September 2024 145,316

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Berry.