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REGISTERED NUMBER: 03597007 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CLASSIC FOX RECORDS LIMITED

CLASSIC FOX RECORDS LIMITED (REGISTERED NUMBER: 03597007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC FOX RECORDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr R P Martin
Mr P Sternberg





REGISTERED OFFICE: 15 Endwell Road
Bexhill on Sea
East Sussex
TN40 1EA





REGISTERED NUMBER: 03597007 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

CLASSIC FOX RECORDS LIMITED (REGISTERED NUMBER: 03597007)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 78,511 78,073

CURRENT ASSETS
Stocks 5 7,353 8,974
Debtors 6 1,268 707
Cash at bank 917,396 763,329
926,017 773,010
CREDITORS
Amounts falling due within one year 7 99,135 97,895
NET CURRENT ASSETS 826,882 675,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,393

753,188

CAPITAL AND RESERVES
Called up share capital 8 666 666
Retained earnings 904,727 752,522
SHAREHOLDERS' FUNDS 905,393 753,188

CLASSIC FOX RECORDS LIMITED (REGISTERED NUMBER: 03597007)

BALANCE SHEET - continued
31 JULY 2024


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 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 16 April 2025 and were signed on its behalf by:





Mr P Sternberg - Director


CLASSIC FOX RECORDS LIMITED (REGISTERED NUMBER: 03597007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Classic Fox Records 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.
Studio equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

CLASSIC FOX RECORDS LIMITED (REGISTERED NUMBER: 03597007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Freehold Studio Office Computer
property equipment equipment equipment Totals
£    £    £    £    £   
Cost
At 1 August 2023 77,139 1,956 8,482 7,401 94,978
Additions - - 305 771 1,076
At 31 July 2024 77,139 1,956 8,787 8,172 96,054
Depreciation
At 1 August 2023 - 1,951 8,433 6,521 16,905
Charge for year - 1 18 619 638
At 31 July 2024 - 1,952 8,451 7,140 17,543
Net book value
At 31 July 2024 77,139 4 336 1,032 78,511
At 31 July 2023 77,139 5 49 880 78,073

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 7,353 8,974

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,268 707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,597 1,083
Taxation and social security 85,587 83,711
Other creditors 9,951 13,101
99,135 97,895

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
666 Ordinary £1 666 666