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REGISTERED NUMBER: 10777974 (England and Wales)















FOX MANAGED SOLUTIONS LIMITED

Unaudited Financial Statements

For The Year Ended 27 February 2024






FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Contents of the Financial Statements
For The Year Ended 27 February 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOX MANAGED SOLUTIONS LIMITED

Company Information
For The Year Ended 27 February 2024







DIRECTORS: K Stanton
K Steele





SECRETARY: Mrs E Stanton





REGISTERED OFFICE: 3 Chapman Way
Tunbridge Wells
Kent
TN2 3EF





REGISTERED NUMBER: 10777974 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Abridged Balance Sheet
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,676 392,603

CURRENT ASSETS
Stocks 47,500 27,500
Debtors 967,123 1,203,703
Cash at bank 73,496 212,825
1,088,119 1,444,028
CREDITORS
Amounts falling due within one year 774,823 1,129,427
NET CURRENT ASSETS 313,296 314,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,972

707,204

CREDITORS
Amounts falling due after more than one year (220,549 ) (261,692 )

PROVISIONS FOR LIABILITIES (91,943 ) (74,595 )
NET ASSETS 376,480 370,917

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 376,479 370,916
376,480 370,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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 MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Abridged Balance Sheet - continued
27 February 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 27 February 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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





K Stanton - Director


FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Notes to the Financial Statements
For The Year Ended 27 February 2024


1. STATUTORY INFORMATION

Fox Managed Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided.

Tangible fixed assets
Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated
impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life:

Leasehold property - in accordance with the terms of the lease
Plant & machinery - over the estimated life of the asset at varying rates
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% on cost

At each statement of financial position date, the company reviews the carrying amount of its property, plant and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Notes to the Financial Statements - continued
For The Year Ended 27 February 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

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 28 (2023 - 30 ) .

FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Notes to the Financial Statements - continued
For The Year Ended 27 February 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28 February 2023 730,554
Additions 97,401
At 27 February 2024 827,955
DEPRECIATION
At 28 February 2023 337,951
Charge for year 114,328
At 27 February 2024 452,279
NET BOOK VALUE
At 27 February 2024 375,676
At 27 February 2023 392,603

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 50,143 80,369
Between one and five years 130,271 83,358
180,414 163,727

Non-cancellable operating leases
2024 2023
£    £   
Within one year 385,367 411,563

FOX MANAGED SOLUTIONS LIMITED (REGISTERED NUMBER: 10777974)

Notes to the Financial Statements - continued
For The Year Ended 27 February 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 February 2024 and 27 February 2023:

2024 2023
£    £   
K Stanton
Balance outstanding at start of year 9,000 -
Amounts advanced 1,000 10,000
Amounts repaid - (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 9,000

The above loan is unsecured, interest free, and repayable on demand.