Company Registration No. 10456446 (England and Wales)
FOX ELECTRICAL SYSTEMS LTD
Unaudited accounts
for the year ended 30 November 2024
FOX ELECTRICAL SYSTEMS LTD
Unaudited accounts
Contents
FOX ELECTRICAL SYSTEMS LTD
Company Information
for the year ended 30 November 2024
Company Number
10456446 (England and Wales)
Registered Office
87 PARKFIELDS ROAD
BRIDGEND
CF31 4BJ
UNITED KINGDOM
Accountants
Richlands Accountancy Ltd
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
FOX ELECTRICAL SYSTEMS LTD
Statement of financial position
as at 30 November 2024
Tangible assets
5,965
6,505
Cash at bank and in hand
20,140
45,380
Creditors: amounts falling due within one year
(40,704)
(39,640)
Net current assets
6,432
27,920
Total assets less current liabilities
12,397
34,425
Creditors: amounts falling due after more than one year
(3,645)
(10,505)
Called up share capital
100
100
Profit and loss account
8,652
23,820
Shareholders' funds
8,752
23,920
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2025 and were signed on its behalf by
Andrew Fox
Director
Company Registration No. 10456446
FOX ELECTRICAL SYSTEMS LTD
Notes to the Accounts
for the year ended 30 November 2024
FOX ELECTRICAL SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 10456446. The registered office is 87 PARKFIELDS ROAD, BRIDGEND, CF31 4BJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
FOX ELECTRICAL SYSTEMS LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
7,623
18,051
2,193
2,287
30,154
Additions
405
-
225
522
1,152
At 30 November 2024
8,028
18,051
2,418
2,809
31,306
At 1 December 2023
6,817
13,769
1,647
1,416
23,649
Charge for the year
242
1,070
154
226
1,692
At 30 November 2024
7,059
14,839
1,801
1,642
25,341
At 30 November 2024
969
3,212
617
1,167
5,965
At 30 November 2023
806
4,282
546
871
6,505
Amounts falling due within one year
Trade debtors
8,415
17,046
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,262
6,995
Taxes and social security
5,902
9,236
Loans from directors
20,410
8,471
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).