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REGISTERED NUMBER: 03838559 (England and Wales)















Abridged Financial Statements for the Year Ended 31 March 2024

for

FOXWOOD I.T. LIMITED

FOXWOOD I.T. LIMITED (Registered number: 03838559)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOXWOOD I.T. LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Reeve





SECRETARY:





REGISTERED OFFICE: Unit 3 Stanley Court
Shearway Business Park
Shearway Road
Folkestone
Kent
CT19 4FJ





REGISTERED NUMBER: 03838559 (England and Wales)





ACCOUNTANTS: Ashbourne Self-Assessment Services Ltd
Unit 3 Stanley Court
Shearway Business Park
Shearway Road
Folkestone
Kent
CT19 4FJ

FOXWOOD I.T. LIMITED (Registered number: 03838559)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,380 4,293

CURRENT ASSETS
Debtors 2,907 14,843
Cash at bank 145,020 104,303
147,927 119,146
CREDITORS
Amounts falling due within one year 93,496 62,801
NET CURRENT ASSETS 54,431 56,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,811

60,638

PROVISIONS FOR LIABILITIES 5 810 789
NET ASSETS 58,001 59,849

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 57,901 59,749
SHAREHOLDERS' FUNDS 58,001 59,849

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 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.

FOXWOOD I.T. LIMITED (Registered number: 03838559)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 November 2024 and were signed by:





G Reeve - Director


FOXWOOD I.T. LIMITED (Registered number: 03838559)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

FOXWOOD I.T. 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.

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.
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company pays into a pension scheme. Contributions payable to the 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 1 (2023 - 1 ) .

FOXWOOD I.T. LIMITED (Registered number: 03838559)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 26,232
Additions 1,547
At 31 March 2024 27,779
DEPRECIATION
At 1 April 2023 21,939
Charge for year 1,460
At 31 March 2024 23,399
NET BOOK VALUE
At 31 March 2024 4,380
At 31 March 2023 4,293

5. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 810 789

Deferred
tax
£   
Balance at 1 April 2023 789
Provided during year 21
Balance at 31 March 2024 810

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2023 59,749
Profit for the year 32,152
Dividends (34,000 )
At 31 March 2024 57,901