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REGISTERED NUMBER: 08393370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fox Communications Group Ltd

Fox Communications Group Ltd (Registered number: 08393370)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Fox Communications Group Ltd (Registered number: 08393370)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 61,122 17,790
61,122 17,790

Current assets
Debtors 6 204,081 213,543
Investments 7 49,975 49,975
Cash at bank and in hand 293,001 223,587
547,057 487,105
Creditors
Amounts falling due within one year 8 277,519 319,136
Net current assets 269,538 167,969
Total assets less current liabilities 330,660 185,759

Creditors
Amounts falling due after more than
one year

9

55,644

43,333
Net assets 275,016 142,426

Capital and reserves
Called up share capital 100 100
Retained earnings 274,916 142,326
Shareholders' funds 275,016 142,426

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 Communications Group Ltd (Registered number: 08393370)

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 Statement of Income and Retained Earnings 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:





L A Fox - Director


Fox Communications Group Ltd (Registered number: 08393370)

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

1. Statutory information

Fox Communications Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08393370

Registered office: 33-35 Wellington Street
London
WC2E 7BN

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

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 18 (2023 - 15 ) .

Fox Communications Group Ltd (Registered number: 08393370)

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 98,718
Amortisation
At 1 April 2023
and 31 March 2024 98,718
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 25,357 53,241 - 78,598
Additions - 7,343 46,090 53,433
At 31 March 2024 25,357 60,584 46,090 132,031
Depreciation
At 1 April 2023 16,551 44,257 - 60,808
Charge for year 2,954 5,227 1,920 10,101
At 31 March 2024 19,505 49,484 1,920 70,909
Net book value
At 31 March 2024 5,852 11,100 44,170 61,122
At 31 March 2023 8,806 8,984 - 17,790

Fox Communications Group Ltd (Registered number: 08393370)

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

6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 96,481 114,346
Other debtors 58,940 42,606
Directors' current accounts 5,202 10,484
VAT - 2,649
160,623 170,085

Amounts falling due after more than one year:
Other debtors 43,458 43,458

Aggregate amounts 204,081 213,543

7. Current asset investments
2024 2023
£    £   
Other 49,975 49,975

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 3,644 -
Trade creditors 16,911 21,631
Corporation tax 105,792 68,657
Social security and other taxes 18,346 16,540
VAT 1,057 -
Other creditors 111,769 192,308
277,519 319,136

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 3,333 23,333
Hire purchase contracts 32,311 -
55,644 43,333

Fox Communications Group Ltd (Registered number: 08393370)

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

10. 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
£    £   
L A Fox
Balance outstanding at start of year 10,484 111,353
Amounts advanced 5,202 10,484
Amounts repaid (10,484 ) (111,353 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,202 10,484

Interest of £NIL (2023 - £1,206) has been charged on these advances that were repaid in April 2023.

11. Ultimate controlling party

The controlling party is L A Fox.