Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false0trueConsultancy and Petrol retailer2024-01-01false0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14606241 2024-01-01 2024-12-31 14606241 2023-01-20 2023-12-31 14606241 2024-12-31 14606241 2023-12-31 14606241 c:Director1 2024-01-01 2024-12-31 14606241 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 14606241 d:Buildings d:LongLeaseholdAssets 2024-12-31 14606241 d:Buildings d:LongLeaseholdAssets 2023-12-31 14606241 d:PlantMachinery 2024-01-01 2024-12-31 14606241 d:PlantMachinery 2024-12-31 14606241 d:PlantMachinery 2023-12-31 14606241 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14606241 d:FurnitureFittings 2024-01-01 2024-12-31 14606241 d:FurnitureFittings 2024-12-31 14606241 d:FurnitureFittings 2023-12-31 14606241 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14606241 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 14606241 d:OtherPropertyPlantEquipment 2024-12-31 14606241 d:OtherPropertyPlantEquipment 2023-12-31 14606241 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14606241 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14606241 d:CurrentFinancialInstruments 2024-12-31 14606241 d:CurrentFinancialInstruments 2023-12-31 14606241 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14606241 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14606241 d:ShareCapital 2024-12-31 14606241 d:ShareCapital 2023-12-31 14606241 d:RetainedEarningsAccumulatedLosses 2024-12-31 14606241 d:RetainedEarningsAccumulatedLosses 2023-12-31 14606241 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 14606241 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 14606241 c:FRS102 2024-01-01 2024-12-31 14606241 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14606241 c:FullAccounts 2024-01-01 2024-12-31 14606241 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14606241 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14606241









LEXFOX RETAIL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
LEXFOX RETAIL LIMITED
REGISTERED NUMBER: 14606241

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,423
56,010

  
60,423
56,010

Current assets
  

Stocks
  
25,359
55,904

Debtors: amounts falling due within one year
 5 
34,620
35,148

Cash at bank and in hand
 6 
56,792
71,452

  
116,771
162,504

Creditors: amounts falling due within one year
 7 
(137,354)
(289,732)

Net current liabilities
  
 
 
(20,583)
 
 
(127,228)

Total assets less current liabilities
  
39,840
(71,218)

  

Net assets/(liabilities)
  
39,840
(71,218)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
39,740
(71,318)

  
39,840
(71,218)


Page 1

 
LEXFOX RETAIL LIMITED
REGISTERED NUMBER: 14606241
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 June 2025.




................................................
Ashraf Michail
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LEXFOX RETAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Lexfox Retail Limited is a private company incorporated in England and Wales, limited by its share capital.   The principal activity of the Company was the provision of consultancy services and retail of fuel.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LEXFOX RETAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years straight line basis
Plant and machinery
-
3-5 years straight line basis
Fixtures and fittings
-
3-5 years straight line basis
Other fixed assets
-
3-5 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LEXFOX RETAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
LEXFOX RETAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £Nil).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
5,339
51,463
640
11,903
69,345


Additions
968
16,842
4,070
-
21,880



At 31 December 2024

6,307
68,305
4,710
11,903
91,225



Depreciation


At 1 January 2024
534
10,292
128
2,381
13,335


Charge for the year on owned assets
534
10,672
2,293
3,968
17,467



At 31 December 2024

1,068
20,964
2,421
6,349
30,802



Net book value



At 31 December 2024
5,239
47,341
2,289
5,554
60,423



At 31 December 2023
4,805
41,171
512
9,522
56,010


5.


Debtors

2024
2023
£
£


Trade debtors
12,638
23,197

Other debtors
17,717
9,774

Prepayments and accrued income
4,265
2,177

34,620
35,148


Page 6

 
LEXFOX RETAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
56,792
71,452

56,792
71,452



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
107,548
135,910

Corporation tax
1,588
-

Other creditors
24,842
148,818

Accruals and deferred income
3,376
5,004

137,354
289,732






Included in other creditors are loan amounts in relation to the director, Alex Lis, of £12,421 (2023 - £74,409) and to the director, Ashraf Michail, of £12,421 (2023 - £74,409).


8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
56,792
71,452




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Controlling party

The Company is controlled by the directors Ashraf Michail and Alexander Lis, by virtue of their shareholding, as described in the Directors' report.

 
Page 7