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REGISTERED NUMBER: 12981357 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Black Fox Custom Limited

Black Fox Custom Limited (Registered number: 12981357)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Black Fox Custom Limited

Company Information
for the Year Ended 31 October 2024







Directors: Mr C P Martin
Mr K Shortman





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 12981357 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Black Fox Custom Limited (Registered number: 12981357)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,054 118,106

CURRENT ASSETS
Stocks 519 -
Debtors 5 565 357
Cash at bank 1,811 1,246
2,895 1,603
CREDITORS
Amounts falling due within one year 6 19,883 6,436
NET CURRENT LIABILITIES (16,988 ) (4,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,066

113,273

PROVISIONS FOR LIABILITIES 7 17,672 13,947
NET ASSETS 54,394 99,326

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 54,294 99,226
SHAREHOLDERS' FUNDS 54,394 99,326

Black Fox Custom Limited (Registered number: 12981357)

Balance Sheet - continued
31 October 2024


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

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

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 28 February 2025 and were signed on its behalf by:





Mr C P Martin - Director


Black Fox Custom Limited (Registered number: 12981357)

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

1. STATUTORY INFORMATION

Black Fox Custom 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, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 5% on reducing balance

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 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.


Black Fox Custom Limited (Registered number: 12981357)

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

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 130,941
Additions 858
Disposals (249 )
At 31 October 2024 131,550
DEPRECIATION
At 1 November 2023 12,835
Charge for year 29,685
Eliminated on disposal (24 )
At 31 October 2024 42,496
NET BOOK VALUE
At 31 October 2024 89,054
At 31 October 2023 118,106

Black Fox Custom Limited (Registered number: 12981357)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 203 357
Prepayments 362 -
565 357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 18,708 5,358
Accruals and deferred income 1,175 1,078
19,883 6,436

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 17,672 13,947

Deferred
tax
£   
Balance at 1 November 2023 13,947
Charge to Statement of income and retained earnings during year 3,725
Balance at 31 October 2024 17,672

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100