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REGISTERED NUMBER: 08908928 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Foxwood Building Services Ltd

Foxwood Building Services Ltd (Registered number: 08908928)






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


Foxwood Building Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Betts





REGISTERED OFFICE: Hill Farm
Bacons Green Road
Westhall
Halesworth
Suffolk
IP19 8RA





REGISTERED NUMBER: 08908928 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Foxwood Building Services Ltd (Registered number: 08908928)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 650
Tangible assets 5 80,016 54,507
80,016 55,157

CURRENT ASSETS
Stocks 3,185 4,750
Debtors 6 71,232 25,294
Cash at bank 45,990 5,716
120,407 35,760
CREDITORS
Amounts falling due within one year 7 73,459 48,773
NET CURRENT ASSETS/(LIABILITIES) 46,948 (13,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,964

42,144

CREDITORS
Amounts falling due after more than
one year

8

(18,021

)

(10,833

)

PROVISIONS FOR LIABILITIES (17,447 ) (10,174 )
NET ASSETS 91,496 21,137

Foxwood Building Services Ltd (Registered number: 08908928)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,396 21,037
SHAREHOLDERS' FUNDS 91,496 21,137

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 director acknowledges his 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.

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 director and authorised for issue on 26 February 2025 and were signed by:





T Betts - Director


Foxwood Building Services Ltd (Registered number: 08908928)

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

1. STATUTORY INFORMATION

Foxwood Building Services Ltd 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

Accounting policies
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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - 5% on reducing balance
Equipment - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Foxwood Building Services Ltd (Registered number: 08908928)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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

Turnover
Turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. All of the turnover took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Foxwood Building Services Ltd (Registered number: 08908928)

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 6,500
AMORTISATION
At 1 June 2023 5,850
Charge for year 650
At 31 May 2024 6,500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 650

5. TANGIBLE FIXED ASSETS
Freehold Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023 9,218 76,288 49,895 135,401
Additions - 33,455 750 34,205
At 31 May 2024 9,218 109,743 50,645 169,606
DEPRECIATION
At 1 June 2023 7,698 38,411 34,785 80,894
Charge for year 304 4,536 3,856 8,696
At 31 May 2024 8,002 42,947 38,641 89,590
NET BOOK VALUE
At 31 May 2024 1,216 66,796 12,004 80,016
At 31 May 2023 1,520 37,877 15,110 54,507

Included in the total net book value of tangible fixed assets held at 31 May 2024 was £ 32,063 (2023 £ 6,791) in respect of assets held under finance leases and hire purchase contracts.

Foxwood Building Services Ltd (Registered number: 08908928)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts recoverable on contract 53,639 23,697
Other debtors 17,593 1,597
71,232 25,294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 14,625 2,479
Trade creditors 21,594 22,052
Taxation and social security 29,819 14,001
Other creditors 2,421 5,241
73,459 48,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 5,833 10,833
Hire purchase contracts 12,188 -
18,021 10,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 26,813 2,479

Foxwood Building Services Ltd (Registered number: 08908928)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
T Betts
Balance outstanding at start of year - -
Amounts advanced 12,268 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,268 -

The loan was unsecured, repayable on demand and interest was charged at HMRC official rates. The loan has been repaid since the year-end.