BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 28 January 2025 NI064837 2024-09-30 NI064837 2023-09-30 NI064837 2022-09-30 NI064837 2023-10-01 2024-09-30 NI064837 2022-10-01 2023-09-30 NI064837 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI064837 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI064837 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI064837 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI064837 uk-bus:Director1 2023-10-01 2024-09-30 NI064837 uk-bus:CompanySecretary1 2023-10-01 2024-09-30 NI064837 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI064837 uk-bus:Agent1 2023-10-01 2024-09-30 NI064837 uk-core:ShareCapital 2024-09-30 NI064837 uk-core:ShareCapital 2023-09-30 NI064837 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI064837 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI064837 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI064837 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI064837 uk-bus:FRS102 2023-10-01 2024-09-30 NI064837 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI064837 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI064837 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI064837 uk-core:CurrentFinancialInstruments 2024-09-30 NI064837 uk-core:CurrentFinancialInstruments 2023-09-30 NI064837 uk-core:WithinOneYear 2024-09-30 NI064837 uk-core:WithinOneYear 2023-09-30 NI064837 uk-core:WithinOneYear 2024-09-30 NI064837 uk-core:WithinOneYear 2023-09-30 NI064837 uk-core:WithinOneYear 2024-09-30 NI064837 uk-core:WithinOneYear 2023-09-30 NI064837 uk-core:AfterOneYear 2024-09-30 NI064837 uk-core:AfterOneYear 2023-09-30 NI064837 uk-core:AfterOneYear 2024-09-30 NI064837 uk-core:AfterOneYear 2023-09-30 NI064837 uk-core:BetweenOneTwoYears 2024-09-30 NI064837 uk-core:BetweenOneTwoYears 2023-09-30 NI064837 uk-core:BetweenTwoFiveYears 2024-09-30 NI064837 uk-core:BetweenTwoFiveYears 2023-09-30 NI064837 uk-core:BetweenOneFiveYears 2024-09-30 NI064837 uk-core:BetweenOneFiveYears 2023-09-30 NI064837 uk-core:MoreThanFiveYears 2024-09-30 NI064837 uk-core:MoreThanFiveYears 2023-09-30 NI064837 2023-10-01 2024-09-30 NI064837 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI064837
 
 
Joe Fox Contracts Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Joe Fox Contracts Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Joe Fox
 
 
Company Secretary Orla Fox
 
 
Company Registration Number NI064837
 
 
Registered Office and Business Address 31 Ballyards Road, Milford
Armagh
Armagh
BT60 3NS
UK
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Armagh
BT62 3EP
 
 
Bankers Danske Bank
  45-48 High Street
  Portadown
  Co. Armagh
  BT62 1LB
  United Kingdom



Joe Fox Contracts Ltd
Company Registration Number: NI064837
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 37,216 46,521
───────── ─────────
 
Current Assets
Debtors 5 331,613 195,918
Cash and cash equivalents - 17,083
───────── ─────────
331,613 213,001
───────── ─────────
Creditors: amounts falling due within one year 6 (125,319) (34,320)
───────── ─────────
Net Current Assets 206,294 178,681
───────── ─────────
Total Assets less Current Liabilities 243,510 225,202
 
Creditors:
amounts falling due after more than one year 7 (22,065) (38,093)
───────── ─────────
Net Assets 221,445 187,109
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 221,444 187,108
───────── ─────────
Equity attributable to owners of the company 221,445 187,109
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 January 2025
           
           
           
________________________________          
Joe Fox          
Director          
           



Joe Fox Contracts Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Joe Fox Contracts Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI064837. The registered office of the company is 31 Ballyards Road, Milford, Armagh, Armagh, BT60 3NS, UK which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2023 - 3).
 
  2024 2023
  Number Number
 
Director 1 1
Employee 1 2
  ───────── ─────────
  2 3
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 October 2023 14,983 9,001 49,714 73,698
  ───────── ───────── ───────── ─────────
 
At 30 September 2024 14,983 9,001 49,714 73,698
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 9,193 8,164 9,820 27,177
Charge for the financial year 1,158 168 7,979 9,305
  ───────── ───────── ───────── ─────────
At 30 September 2024 10,351 8,332 17,799 36,482
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 4,632 669 31,915 37,216
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 5,790 837 39,894 46,521
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 182,542 56,461
Other debtors 10,000 10,000
Director's current account (Note 10) 95,971 90,291
Taxation  (Note 8) 43,100 39,166
  ───────── ─────────
  331,613 195,918
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 71,604 -
Bank loan 10,660 10,660
Net obligations under finance leases
and hire purchase contracts 6,200 10,010
Trade creditors 6,653 5,523
Taxation  (Note 8) 26,477 4,402
Accruals 3,725 3,725
  ───────── ─────────
  125,319 34,320
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 10,682 21,710
Finance leases and hire purchase contracts 11,383 16,383
  ───────── ─────────
  22,065 38,093
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 82,264 10,660
Repayable between one and two years 10,682 10,660
Repayable between two and five years - 11,050
  ───────── ─────────
  92,946 32,370
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 6,200 10,010
Repayable between one and five years 6,200 10,010
Repayable after five years 5,183 6,373
  ───────── ─────────
  17,583 26,393
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 5,697 2,811
Corporation tax 37,403 36,355
  ───────── ─────────
  43,100 39,166
  ═════════ ═════════
Creditors:
PAYE / NI 2,087 4,402
Subcontractors tax 24,390 -
  ───────── ─────────
  26,477 4,402
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
10. Director's advances, credits and guarantees
 
During the financial year, the company made a loan to a director amounting to £95,971.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.