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REGISTERED NUMBER: 02466273 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 June 2024

for

Foxhall Engineering Limited

Foxhall Engineering Limited (Registered number: 02466273)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foxhall Engineering Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: Thames Valley Pneumatic Limited
A S Millard
L Murphy





SECRETARY: A S Millard





REGISTERED OFFICE: Delta House
Delta Way
Thorpe
Egham
Surrey
TW20 8RN





REGISTERED NUMBER: 02466273 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Foxhall Engineering Limited (Registered number: 02466273)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571,822 452,890

CURRENT ASSETS
Stocks 69,642 69,468
Debtors 5 212,030 178,819
Cash at bank 78,808 61,084
360,480 309,371
CREDITORS
Amounts falling due within one year 6 218,670 252,758
NET CURRENT ASSETS 141,810 56,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,632

509,503

PROVISIONS FOR LIABILITIES 29,609 -
NET ASSETS 684,023 509,503

CAPITAL AND RESERVES
Called up share capital 8 666 666
Capital redemption reserve 9 333 333
Retained earnings 9 683,024 508,504
SHAREHOLDERS' FUNDS 684,023 509,503

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

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

Foxhall Engineering Limited (Registered number: 02466273)

Balance Sheet - continued
30 June 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 2 December 2024 and were signed on its behalf by:





A S Millard - Director


Foxhall Engineering Limited (Registered number: 02466273)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Foxhall Engineering 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 and is recognised as services are provided and when goods are delivered and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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

Work in progress and finished goods include an element of overheads and profit attributable to their stage of completion.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively
enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or
substantively enacted by the end of the reporting period.

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 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.

Foxhall Engineering Limited (Registered number: 02466273)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 573,297 321,026 13,350 3,464 911,137
Additions - 94,235 33,740 1,091 129,066
At 30 June 2024 573,297 415,261 47,090 4,555 1,040,203
DEPRECIATION
At 1 July 2023 147,578 293,855 13,350 3,464 458,247
Charge for year 5,466 4,395 - 273 10,134
At 30 June 2024 153,044 298,250 13,350 3,737 468,381
NET BOOK VALUE
At 30 June 2024 420,253 117,011 33,740 818 571,822
At 30 June 2023 425,719 27,171 - - 452,890

Included in cost of land and buildings is freehold land of £ 250,000 (2023 - £ 250,000 ) which is not depreciated.

The freehold property was valued at 31st March 2010 and a conservative value was estimated at £840,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 212,030 178,819

Foxhall Engineering Limited (Registered number: 02466273)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 12,363
Trade creditors 24,454 26,740
Amounts owed to group undertakings 117,250 147,374
Corporation tax 36,938 37,817
Social security and other taxes 1,824 2,480
VAT 30,899 19,027
Other creditors 4,255 3,987
Accrued expenses 3,050 2,970
218,670 252,758

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans - 12,363

The bank loan and overdraft are secured by way of a mortgage over the freehold premises and a floating charge over all other assets and undertakings of the company.


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
666 Ordinary £1 666 666

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 508,504 333 508,837
Profit for the year 174,520 174,520
At 30 June 2024 683,024 333 683,357