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Registered number: 12483714
Auburn Fox Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Elsby and Company Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12483714
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,417 2,417
Tangible Assets 5 30,725 39,701
32,142 42,118
CURRENT ASSETS
Stocks 6 64,236 34,628
Debtors 7 12,504 10,338
Cash at bank and in hand 16,577 41,734
93,317 86,700
Creditors: Amounts Falling Due Within One Year 8 (118,392 ) (56,144 )
NET CURRENT ASSETS (LIABILITIES) (25,075 ) 30,556
TOTAL ASSETS LESS CURRENT LIABILITIES 7,067 72,674
Creditors: Amounts Falling Due After More Than One Year 9 (39,403 ) (48,070 )
NET (LIABILITIES)/ASSETS (32,336 ) 24,604
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (32,436 ) 24,504
SHAREHOLDERS' FUNDS (32,336) 24,604
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
I S Langley
Director
V McAlwane
Director
30th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Auburn Fox Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12483714 . The registered office is 73-75 High Street, Thrapston, Northamptonshire, NN14 4JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 5,000
As at 30 April 2024 5,000
Amortisation
As at 1 May 2023 2,583
Provided during the period 1,000
As at 30 April 2024 3,583
Net Book Value
As at 30 April 2024 1,417
As at 1 May 2023 2,417
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 7,083 37,780 3,763 48,626
Additions - - 1,087 1,087
As at 30 April 2024 7,083 37,780 4,850 49,713
...CONTINUED
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Depreciation
As at 1 May 2023 2,550 4,722 1,653 8,925
Provided during the period 1,133 8,265 665 10,063
As at 30 April 2024 3,683 12,987 2,318 18,988
Net Book Value
As at 30 April 2024 3,400 24,793 2,532 30,725
As at 1 May 2023 4,533 33,058 2,110 39,701
The net book value of tangible fixed assets includes £24,793 (2023 - £33,058) in respect of assets held under hire purchase contracts. 
6. Stocks
30 April 2024 30 April 2023
£ £
Stock 64,236 34,628
7. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 2,434 -
Other debtors 10,070 10,338
12,504 10,338
8. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,502 6,603
Trade creditors 23,429 4,411
Bank loans and overdrafts 6,000 6,000
Other loans 10,701 -
Other creditors 54,453 33,708
Taxation and social security 16,307 5,422
118,392 56,144
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9. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,129 31,070
Bank loans 16,274 17,000
39,403 48,070
10. Obligations Under Finance Leases and Hire Purchase
30 April 2024 30 April 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,502 6,603
Later than one year and not later than five years 23,129 31,070
30,631 37,673
30,631 37,673
11. Share Capital
30 April 2024 30 April 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 April 2024 30 April 2023
£ £
Not later than one year 60,000 60,000
Later than one year and not later than five years 240,000 240,000
Later than five years 195,000 255,000
495,000 555,000
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