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REGISTERED NUMBER: 05025978 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOX GRANT LIMITED

FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOX GRANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W F Grant
Mrs S Grant





REGISTERED OFFICE: Windover House
St Ann Street
Salisbury
SP1 1RU





BUSINESS ADDRESS: Fox Barn
Lower Woodford
Salisbury
SP4 6NQ





REGISTERED NUMBER: 05025978 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,086 71,305
Investments 5 - 9,572
63,086 80,877

CURRENT ASSETS
Debtors 6 244,840 143,801
Cash at bank 34,702 134,931
279,542 278,732
CREDITORS
Amounts falling due within one year 7 94,097 98,397
NET CURRENT ASSETS 185,445 180,335
TOTAL ASSETS LESS CURRENT LIABILITIES 248,531 261,212

CREDITORS
Amounts falling due after more than one
year

8

12,370

22,735
NET ASSETS 236,161 238,477

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 - 7,572
Retained earnings 10 236,061 230,805
SHAREHOLDERS' FUNDS 236,161 238,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mrs S Grant - Director


FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Fox Grant 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

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

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold property which consists solely of land is not depreciated.

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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.


FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fixed asset investments
Listed investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 38,429 128,468 166,897
DEPRECIATION
At 1 April 2023 - 95,592 95,592
Charge for year - 8,219 8,219
At 31 March 2024 - 103,811 103,811
NET BOOK VALUE
At 31 March 2024 38,429 24,657 63,086
At 31 March 2023 38,429 32,876 71,305

FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 9,572
Disposals (9,572 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,411 5,850
Other debtors 182,429 137,951
244,840 143,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,301 9,954
Hire purchase contracts 300 1,800
Trade creditors 4,932 486
Taxation and social security 24,890 46,271
Other creditors 27,674 39,886
94,097 98,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,370 22,435
Hire purchase contracts - 300
12,370 22,735

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

FOX GRANT LIMITED (REGISTERED NUMBER: 05025978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 230,805 7,572 238,377
Profit for the year 63,072 63,072
Dividends (65,388 ) (65,388 )
Reserves transfer 7,572 (7,572 ) -
At 31 March 2024 236,061 - 236,061

The fair value reserve is used to record unrealised gains in the value of investments and losses to the extent that such a loss relates to a previous gain on the same asset.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
W F Grant
Balance outstanding at start of year - 67,869
Amounts advanced 102,666 188,588
Amounts repaid (65,388 ) (256,457 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,278 -

12. RELATED PARTY DISCLOSURES

Creditors due within one year include £Nil (2023 - £5,209) which is owed to the directors.