Foxy Faces Limited Filleted Accounts Cover
Foxy Faces Limited
Company No. 15129108
Information for Filing with The Registrar
30 September 2024
Foxy Faces Limited Balance Sheet Registrar
at
30 September 2024
Company No.
15129108
Notes
2024
£
Fixed assets
Tangible assets
4
6,624
6,624
Current assets
Stocks
5
92
Debtors
6
100
192
Creditors: Amount falling due within one year
7
(7,375)
Net current liabilities
(7,183)
Total assets less current liabilities
(559)
Net liabilities
(559)
Capital and reserves
Called up share capital
100
Profit and loss account
8
(659)
Total equity
(559)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 March 2025 and signed on its behalf by:
A. Foxwell
Director
20 March 2025
Foxy Faces Limited Notes to the Accounts Registrar
for the period ended 30 September 2024
1
General information
Foxy Faces Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 15129108
Its registered office is:
23 Stirrups Farm Road
Lowton
Warrington
WA3 2SX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
Total liabilities exceed total assets at the balance sheet date. This factor clearly affects the company's ability to continue trading. In view of this, the director considers it appropriate to prepare the financial statements on a going concern basis.
2
Accounting policies
Turnover
Turnover represents net invoiced sale of services, excluding value added tax.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
10% Reducing balance
Taxation
Tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 is recognised on 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. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
Number
Number
The average monthly number of employees (including directors) during the period:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
6,7116,711
At 30 September 2024
6,7116,711
Depreciation
Charge for the year
8787
At 30 September 2024
8787
Net book values
At 30 September 2024
6,6246,624
5
Stocks
2024
£
Raw materials and consumables
92
92
6
Debtors
2024
£
Other debtors
100
100
7
Creditors:
amounts falling due within one year
2024
£
Loans from directors
6,355
Accruals and deferred income
1,020
7,375
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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