REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 December 2024 |
for |
The Fox and Coney Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 December 2024 |
for |
The Fox and Coney Limited |
The Fox and Coney Limited (Registered number: 08567973) |
Contents of the Financial Statements |
for the year ended 29 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Fox and Coney Limited |
Company Information |
for the year ended 29 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Kingfisher House |
65 Market Place |
Market Weighton |
York |
East Riding of Yorks |
YO43 3AN |
The Fox and Coney Limited (Registered number: 08567973) |
Balance Sheet |
29 December 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 Fox and Coney Limited (Registered number: 08567973) |
Balance Sheet - continued |
29 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Fox and Coney Limited (Registered number: 08567973) |
Notes to the Financial Statements |
for the year ended 29 December 2024 |
1. | STATUTORY INFORMATION |
The Fox and Coney Limited is a |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis, due to the support provided by the directors of the company. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Costs include costs directly attributable to making the assets capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on as systematic basis over its expected useful life as follows: |
Plant and machinery | - 25% on cost |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
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. |
The Fox and Coney Limited (Registered number: 08567973) |
Notes to the Financial Statements - continued |
for the year ended 29 December 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Employee benefits |
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
The company operates a defined contribution plan for the benefit of the employees. Contributions are expensed as they become payable. |
Going concern |
The company is financed by significant director and shareholder investment. the directors have made assurances that the company will continue to receive financial support from them and they will not demand repayment on loans provided until such time as the company can repay these without impacting its ability to trade. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 30 December 2023 |
and 29 December 2024 |
AMORTISATION |
At 30 December 2023 |
Charge for year |
At 29 December 2024 |
NET BOOK VALUE |
At 29 December 2024 |
At 29 December 2023 |
The Fox and Coney Limited (Registered number: 08567973) |
Notes to the Financial Statements - continued |
for the year ended 29 December 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 30 December 2023 |
and 29 December 2024 |
DEPRECIATION |
At 30 December 2023 |
Charge for year |
At 29 December 2024 |
NET BOOK VALUE |
At 29 December 2024 |
At 29 December 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Bank loans |
The Fox and Coney Limited (Registered number: 08567973) |
Notes to the Financial Statements - continued |
for the year ended 29 December 2024 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
as restated |
£ | £ |
Within one year |
Between one and five years |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | as restated |
£ | £ |
Ordinary | £1 | 3,000 | 3,000 |
Preference | £1 | 950,000 | 950,000 |
953,000 | 953,000 |
Preference shares entitle the holder to a fixed dividend, whose payment will take priority over that of ordinary shares dividends. |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the year end an amount of £150,228 (2023 £87,092) was owed to directors. |
At the year end an amount of £22,839 (2023 £1,783) was owed by the directors. |
The facilities are provided on an unsecured basis and re repayable upon demand, interest is charged in accordance with H M Revenue & Customs beneficial loan provisions. |
12. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £950 (2023 - £950) were paid to the directors . |
The controlling party is Brantingham Holdings Limited. |
The ultimate controlling party is |