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REGISTERED NUMBER: 11310048 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Fox & Fox Developments Limited

Fox & Fox Developments Limited (Registered number: 11310048)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fox & Fox Developments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr M J Tyler





REGISTERED OFFICE: 16 Oaksfield
Methley
Leeds
LS269AE





REGISTERED NUMBER: 11310048 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Fox & Fox Developments Limited (Registered number: 11310048)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,407 38,690

CURRENT ASSETS
Stocks 668,166 881,869
Debtors 122,026 10,180
Cash at bank and in hand 39,100 2,775
829,292 894,824
CREDITORS
Amounts falling due within one year 411,746 411,759
NET CURRENT ASSETS 417,546 483,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,953

521,755

CREDITORS
Amounts falling due after more than one
year

431,713

551,558
NET ASSETS/(LIABILITIES) 2,240 (29,803 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 2,140 (29,903 )
SHAREHOLDERS' FUNDS 2,240 (29,803 )

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

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

Fox & Fox Developments Limited (Registered number: 11310048)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2025 and were signed by:





Mr M J Tyler - Director


Fox & Fox Developments Limited (Registered number: 11310048)

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

1. STATUTORY INFORMATION

Fox & Fox Developments 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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Fox & Fox Developments Limited (Registered number: 11310048)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 44,413
Additions 10,650
Disposals (32,500 )
At 31 July 2024 22,563
DEPRECIATION
At 1 August 2023 5,723
Charge for year 5,173
Eliminated on disposal (4,740 )
At 31 July 2024 6,156
NET BOOK VALUE
At 31 July 2024 16,407
At 31 July 2023 38,690

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary shares £1.00 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
Mr M J Tyler
Balance outstanding at start of year 10,530 16,300
Amounts advanced (15,315 ) (111,311 )
Amounts repaid 126,609 105,541
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,824 10,530

7. RELATED PARTY DISCLOSURES

Director loan of £121,824 is money advanced to the Director by the Company as at 31 July 2024. The loan is unsecured and interest free. The Director confirms the loan will be repaid by 30 April 2025.