Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-303truefalse2023-12-01Renting and leasing of media entertainment equipment3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07836036 2023-12-01 2024-11-30 07836036 2022-12-01 2023-11-30 07836036 2024-11-30 07836036 2023-11-30 07836036 2022-12-01 07836036 c:Director1 2023-12-01 2024-11-30 07836036 d:MotorVehicles 2023-12-01 2024-11-30 07836036 d:MotorVehicles 2024-11-30 07836036 d:MotorVehicles 2023-11-30 07836036 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07836036 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 07836036 d:FurnitureFittings 2023-12-01 2024-11-30 07836036 d:FurnitureFittings 2024-11-30 07836036 d:FurnitureFittings 2023-11-30 07836036 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07836036 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 07836036 d:OfficeEquipment 2023-12-01 2024-11-30 07836036 d:OfficeEquipment 2024-11-30 07836036 d:OfficeEquipment 2023-11-30 07836036 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07836036 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 07836036 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07836036 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 07836036 d:CurrentFinancialInstruments 2024-11-30 07836036 d:CurrentFinancialInstruments 2023-11-30 07836036 d:Non-currentFinancialInstruments 2024-11-30 07836036 d:Non-currentFinancialInstruments 2023-11-30 07836036 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 07836036 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07836036 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 07836036 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 07836036 d:ShareCapital 2024-11-30 07836036 d:ShareCapital 2023-11-30 07836036 d:RetainedEarningsAccumulatedLosses 2024-11-30 07836036 d:RetainedEarningsAccumulatedLosses 2023-11-30 07836036 c:FRS102 2023-12-01 2024-11-30 07836036 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07836036 c:FullAccounts 2023-12-01 2024-11-30 07836036 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07836036 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 07836036 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 07836036 d:TaxLossesCarry-forwardsDeferredTax 2024-11-30 07836036 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 07836036 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-11-30 07836036 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 07836036 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 07836036










FOX AUDIO HIRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
FOX AUDIO HIRE LIMITED
REGISTERED NUMBER: 07836036

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,824
17,738

Current assets
  

Debtors: amounts falling due within one year
 5 
31,856
10,388

Cash at bank and in hand
  
15,467
3,015

  
47,323
13,403

Creditors: amounts falling due within one year
 6 
(26,336)
(19,526)

Net current assets/(liabilities)
  
 
 
20,987
 
 
(6,123)

Total assets less current liabilities
  
61,811
11,615

Creditors: amounts falling due after more than one year
 7 
(12,493)
-

Provisions for liabilities
  

Deferred tax
 8 
(7,757)
(2,088)

Net assets
  
41,561
9,527


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
41,461
9,427

  
41,561
9,527


Page 1

 
FOX AUDIO HIRE LIMITED
REGISTERED NUMBER: 07836036
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




C Fox
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Fox Audio Hire Limited is a private Company limited by shares, incorporated in England and Wales (registered number is 07836036). Its registered office is 59 Hartley Brook Avenue, Sheffield, S5 0HL. The principal activity of the Company throughout the year continued to be that of the renting and leasing of media entertainment equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Motor vehicles
-
25%
reducing balance
Equipment
-
10%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 4

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Equipment
Office equipment
Total

£
£
£
£



Cost 


At 1 December 2023
7,750
19,892
1,074
28,716


Additions
26,881
6,672
-
33,553


Disposals
(4,500)
(3,788)
(249)
(8,537)



At 30 November 2024

30,131
22,776
825
53,732



Depreciation


At 1 December 2023
4,409
5,817
752
10,978


Charge for the year on owned assets
610
1,391
38
2,039


Charge for the year on financed assets
2,899
-
-
2,899


Disposals
(1,266)
(1,664)
(78)
(3,008)



At 30 November 2024

6,652
5,544
712
12,908



Net book value



At 30 November 2024
23,479
17,232
113
40,824



At 30 November 2023
3,341
14,075
322
17,738

The net book value of assets held under hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
16,982
-

Page 6

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
29,808
9,786

Other debtors
-
180

Prepayments
2,048
422

31,856
10,388



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,000
-

Corporation tax
2,092
-

Other taxation and social security
8,604
3,813

Obligations under hire purchase contracts
4,019
-

Other creditors
4,275
14,301

Accruals
1,346
1,412

26,336
19,526



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under hire purchase contracts
12,493
-


Page 7

 
FOX AUDIO HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
2,088
2,737


Charged to the Statement of Income and Retained Earnings
5,669
(649)



At end of year
7,757
2,088

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
7,757
3,370

Tax losses carried forward
-
(1,282)

7,757
2,088

 
Page 8