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REGISTERED NUMBER: 03083531 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Fox Formulated Feeds Limited

Fox Formulated Feeds Limited (Registered number: 03083531)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fox Formulated Feeds Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr N Fox
Mrs A F Fox
Mrs A F Fox
Mr N Fox





REGISTERED OFFICE: East Shaws Farm
Westwick
Barnard Castle
Co. Durham
DL12 8UT





REGISTERED NUMBER: 03083531 (England and Wales)





ACCOUNTANTS: KJA Bairstow & Atkinson
Network House
Stubs Beck Lane
Cleckheaton
West Yorkshire
BD19 4TT

Fox Formulated Feeds Limited (Registered number: 03083531)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,855 603,594
Investments 5 1,000 1,000
671,855 604,594

CURRENT ASSETS
Debtors 6 505,961 262,719
Cash at bank 791,666 894,858
1,297,627 1,157,577
CREDITORS
Amounts falling due within one year 7 281,997 293,708
NET CURRENT ASSETS 1,015,630 863,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,687,485

1,468,463

PROVISIONS FOR LIABILITIES 31,649 16,993
NET ASSETS 1,655,836 1,451,470

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,650,836 1,446,470
SHAREHOLDERS' FUNDS 1,655,836 1,451,470

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr N Fox - Director


Fox Formulated Feeds Limited (Registered number: 03083531)

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

1. STATUTORY INFORMATION

Fox Formulated Feeds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% straight line
Improvements to property - 2% straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Farm Improvement
Freehold workers to
property cottage property
£    £    £   
COST
At 1 November 2023 349,883 263,934 38,476
Additions - 22,868 -
Disposals - - -
At 31 October 2024 349,883 286,802 38,476
DEPRECIATION
At 1 November 2023 114,571 - 7,326
Charge for year 6,030 - 770
Eliminated on disposal - - -
At 31 October 2024 120,601 - 8,096
NET BOOK VALUE
At 31 October 2024 229,282 286,802 30,380
At 31 October 2023 235,312 263,934 31,150

Fox Formulated Feeds Limited (Registered number: 03083531)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 566,445 5,285 6,850 1,230,873
Additions 66,100 6,911 175 96,054
Disposals (3,052 ) - (4,638 ) (7,690 )
At 31 October 2024 629,493 12,196 2,387 1,319,237
DEPRECIATION
At 1 November 2023 495,055 5,176 5,151 627,279
Charge for year 20,069 1,015 436 28,320
Eliminated on disposal (2,967 ) - (4,250 ) (7,217 )
At 31 October 2024 512,157 6,191 1,337 648,382
NET BOOK VALUE
At 31 October 2024 117,336 6,005 1,050 670,855
At 31 October 2023 71,390 109 1,699 603,594

Included in cost of land and buildings is freehold land of £ 40,000 (2023 - £ 40,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 98,000
DEPRECIATION
At 1 November 2023 56,656
Charge for year 10,336
At 31 October 2024 66,992
NET BOOK VALUE
At 31 October 2024 31,008
At 31 October 2023 41,344

5. FIXED ASSET INVESTMENTS

East Shaws Farm Limited is a close company with 1,000 ordinary shares of £1 each issued and fully paid. At 31 October 2024 the aggregate of the share capital and reserves of East Shaws Farm Limited amounted to £36,004, and the profit after tax for the year to 31 October 2024 was £115,331. East Shaws Farm Limited is a company registered in England and Wales and operates as a poultry farmer.

The company is entitled to exemption conferred by Section 398 of the Companies Act 2006 from the requirement to prepare group financial statements for the financial year ended 31 October 2024.

Fox Formulated Feeds Limited (Registered number: 03083531)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,228 192,253
Amounts owed by group undertakings 276,102 59,209
Accrued income 12,631 11,257
505,961 262,719

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,500
Trade creditors 159,697 114,320
Credit Card 5,538 -
Tax 63,486 114,460
VAT 14,585 11,458
Directors' current accounts 716 3,320
Accrued expenses 37,975 42,650
281,997 293,708

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 7,500

The bank loan is secured by a charge over the company's freehold property.

Obligations under hire purchase contracts are secured on the assets concerned.

9. RELATED PARTY DISCLOSURES

East Shaws Farm Limited
Subsidiary Company

Dividends received in year £115,000 (2023 £150,000)

31.10.24 31.10.23
£ £
Amount due from/(to) related party at balance sheet date 276,102 59,209

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Fox.