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REGISTERED NUMBER: 04789348















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FOXCOTE JOINERY LIMITED

FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOXCOTE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Bioletti
Mrs L Bioletti





REGISTERED OFFICE: Kingshill Barn
Horns Hill
Hawkhurst
Kent
TN18 4XH





REGISTERED NUMBER: 04789348





ACCOUNTANTS: The Accountancy Practice Ltd
10 Churchill Square
Kings Hill
West Malling
Kent
ME19 5YU

FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,286 24,048
23,286 24,048

CURRENT ASSETS
Stocks 26,775 10,000
Debtors 6 85,183 94,542
Cash at bank and in hand 94,658 59,337
206,616 163,879
CREDITORS
Amounts falling due within one year 7 116,626 67,472
NET CURRENT ASSETS 89,990 96,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,276

120,455

CREDITORS
Amounts falling due after more than one
year

8

(1,250

)

(8,750

)

PROVISIONS FOR LIABILITIES (4,484 ) (4,484 )
NET ASSETS 107,542 107,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,442 107,121
SHAREHOLDERS' FUNDS 107,542 107,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)

BALANCE SHEET - continued
31 MAY 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 13 January 2025 and were signed on its behalf by:





S Bioletti - Director


FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)

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

1. STATUTORY INFORMATION

Foxcote Joinery Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023
and 31 May 2024 15,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 123,000 720 39,023 3,323 166,066
Additions 16,400 - 12,286 - 28,686
At 31 May 2024 139,400 720 51,309 3,323 194,752
DEPRECIATION
At 1 June 2023 116,577 717 21,510 3,214 142,018
Charge for year 21,969 2 7,450 27 29,448
At 31 May 2024 138,546 719 28,960 3,241 171,466
NET BOOK VALUE
At 31 May 2024 854 1 22,349 82 23,286
At 31 May 2023 6,423 3 17,513 109 24,048

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 85,183 94,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,500 7,500
Trade creditors 85,687 31,556
Taxation and social security 17,578 27,545
Other creditors 5,861 871
116,626 67,472

FOXCOTE JOINERY LIMITED (REGISTERED NUMBER: 04789348)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,250 8,750