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REGISTERED NUMBER: 13580496 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fox Fabrication Services Ltd

Fox Fabrication Services Ltd (Registered number: 13580496)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Fox Fabrication Services Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T L Cantle
J S Humphrey
M L Hurst
D G Jones





REGISTERED OFFICE: Unit 1C
Cutters Close
Narborough
Leicestershire
LE19 2FZ





REGISTERED NUMBER: 13580496 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Fox Fabrication Services Ltd (Registered number: 13580496)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 120,531 102,804
Investments 5 850 850
121,381 103,654

CURRENT ASSETS
Stocks 125,619 171,055
Debtors 6 328,149 244,803
Investments 7 132,606 -
Cash at bank 357,517 349,026
943,891 764,884
CREDITORS
Amounts falling due within one year 8 351,005 337,473
NET CURRENT ASSETS 592,886 427,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,267

531,065

CREDITORS
Amounts falling due after more than one
year

9

(5,729

)

(24,795

)

PROVISIONS FOR LIABILITIES (33,153 ) (19,533 )
NET ASSETS 675,385 486,737

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 149,971 149,971
Retained earnings 525,264 336,616
SHAREHOLDERS' FUNDS 675,385 486,737

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

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

Fox Fabrication Services Ltd (Registered number: 13580496)

Balance Sheet - continued
31 December 2024


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 1 May 2025 and were signed on its behalf by:





T L Cantle - Director


Fox Fabrication Services Ltd (Registered number: 13580496)

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

1. STATUTORY INFORMATION

Fox Fabrication Services Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Fox Fabrication Services Ltd (Registered number: 13580496)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 - 137,026 9,000 7,043 153,069
Additions 31,336 9,282 9,125 1,468 51,211
Disposals - - (9,000 ) - (9,000 )
At 31 December 2024 31,336 146,308 9,125 8,511 195,280
DEPRECIATION
At 1 January 2024 - 44,173 3,516 2,576 50,265
Charge for year 1,511 23,528 1,625 1,336 28,000
Eliminated on disposal - - (3,516 ) - (3,516 )
At 31 December 2024 1,511 67,701 1,625 3,912 74,749
NET BOOK VALUE
At 31 December 2024 29,825 78,607 7,500 4,599 120,531
At 31 December 2023 - 92,853 5,484 4,467 102,804

Fox Fabrication Services Ltd (Registered number: 13580496)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 81,500
DEPRECIATION
At 1 January 2024 33,758
Charge for year 11,935
At 31 December 2024 45,693
NET BOOK VALUE
At 31 December 2024 35,807
At 31 December 2023 47,742

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 850
NET BOOK VALUE
At 31 December 2024 850
At 31 December 2023 850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 308,105 212,510
Amounts owed by group undertakings - 18,511
Other debtors 20,044 13,782
328,149 244,803

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Listed investments 132,606 -

Fox Fabrication Services Ltd (Registered number: 13580496)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 19,067 17,637
Trade creditors 49,714 63,597
Amounts owed to group undertakings 6,289 -
Taxation and social security 181,159 188,326
Other creditors 94,776 67,913
351,005 337,473

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 5,729 24,795

10. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £32,000 (2023: £64,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
£    £   
J S Humphrey
Balance outstanding at start of year - -
Amounts advanced 11,038 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,038 -

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fox Fabrication Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fox Fabrication Services Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Fox Fabrication Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fox Fabrication Services Ltd and state those matters that we have agreed to state to the Board of Directors of Fox Fabrication Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fox Fabrication Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fox Fabrication Services Ltd. You consider that Fox Fabrication Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fox Fabrication Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


1 May 2025