3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07509790 2024-02-01 2025-01-31 07509790 2025-01-31 07509790 2024-01-31 07509790 2023-02-01 2024-01-31 07509790 2024-01-31 07509790 2023-01-31 07509790 core:FurnitureFittings 2024-02-01 2025-01-31 07509790 core:MotorVehicles 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass3 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass4 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass5 2024-02-01 2025-01-31 07509790 bus:Director2 2024-02-01 2025-01-31 07509790 core:WithinOneYear 2025-01-31 07509790 core:WithinOneYear 2024-01-31 07509790 core:FurnitureFittings 2024-01-31 07509790 core:MotorVehicles 2024-01-31 07509790 core:FurnitureFittings 2025-01-31 07509790 core:MotorVehicles 2025-01-31 07509790 core:AfterOneYear 2025-01-31 07509790 core:AfterOneYear 2024-01-31 07509790 core:ShareCapital 2025-01-31 07509790 core:ShareCapital 2024-01-31 07509790 core:RetainedEarningsAccumulatedLosses 2025-01-31 07509790 core:RetainedEarningsAccumulatedLosses 2024-01-31 07509790 core:FurnitureFittings 2024-01-31 07509790 core:MotorVehicles 2024-01-31 07509790 bus:SmallEntities 2024-02-01 2025-01-31 07509790 bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07509790 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07509790 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07509790 bus:FullAccounts 2024-02-01 2025-01-31 07509790 bus:OrdinaryShareClass1 2025-01-31 07509790 bus:OrdinaryShareClass1 2024-01-31 07509790 bus:OrdinaryShareClass2 2025-01-31 07509790 bus:OrdinaryShareClass2 2024-01-31 07509790 bus:OrdinaryShareClass3 2025-01-31 07509790 bus:OrdinaryShareClass3 2024-01-31 07509790 bus:OrdinaryShareClass4 2025-01-31 07509790 bus:OrdinaryShareClass4 2024-01-31 07509790 bus:OrdinaryShareClass5 2025-01-31 07509790 bus:OrdinaryShareClass5 2024-01-31 07509790 bus:AllOrdinaryShares 2025-01-31 07509790 bus:AllOrdinaryShares 2024-01-31
COMPANY REGISTRATION NUMBER: 07509790
Fox Catering Equipment Ltd
Filleted Unaudited Financial Statements
31 January 2025
Fox Catering Equipment Ltd
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
110,111
119,496
Current assets
Debtors
6
149,645
174,319
Cash at bank and in hand
132,673
213,482
---------
---------
282,318
387,801
Creditors: amounts falling due within one year
7
244,805
214,331
---------
---------
Net current assets
37,513
173,470
---------
---------
Total assets less current liabilities
147,624
292,966
Creditors: amounts falling due after more than one year
8
14,079
53,606
---------
---------
Net assets
133,545
239,360
---------
---------
Capital and reserves
Called up share capital
9
190
190
Profit and loss account
133,355
239,170
---------
---------
Shareholders funds
133,545
239,360
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fox Catering Equipment Ltd
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
B J Senior
Director
Company registration number: 07509790
Fox Catering Equipment Ltd
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, 230 Woodbourn Road, Sheffield, South Yorkshire, S9 3LQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 February 2024
19,716
186,152
205,868
Additions
3,317
28,292
31,609
Disposals
( 14,247)
( 14,247)
-------
---------
---------
At 31 January 2025
23,033
200,197
223,230
-------
---------
---------
Depreciation
At 1 February 2024
8,462
77,910
86,372
Charge for the year
2,186
32,575
34,761
Disposals
( 8,014)
( 8,014)
-------
---------
---------
At 31 January 2025
10,648
102,471
113,119
-------
---------
---------
Carrying amount
At 31 January 2025
12,385
97,726
110,111
-------
---------
---------
At 31 January 2024
11,254
108,242
119,496
-------
---------
---------
6. Debtors
2025
2024
£
£
Trade debtors
134,038
166,461
Other debtors
15,607
7,858
---------
---------
149,645
174,319
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,419
10,162
Trade creditors
203,772
167,408
Accruals and deferred income
2,310
2,269
Corporation tax
8,407
Social security and other taxes
4,231
Obligations under finance leases and hire purchase contracts
28,284
21,615
Director loan accounts
20
21
Other creditors
218
---------
---------
244,805
214,331
---------
---------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,538
13,955
Other creditors
10,541
39,651
-------
-------
14,079
53,606
-------
-------
9. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A shares of £ 1 each
50
50
50
50
Ordinary B shares of £ 1 each
50
50
50
50
Ordinary C shares of £ 1 each
30
30
30
30
Ordinary D shares of £ 1 each
30
30
30
30
Ordinary E shares of £ 1 each
30
30
30
30
----
----
----
----
190
190
190
190
----
----
----
----