Fox's Spices Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00900187 (England and Wales)

FOX'S SPICES LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

Director:

A R Pester

Registered office:

Mason's Road Industrial Est

Mason's Road

Stratford Upon Avon

Warwickshire

CV37 9NF

Registered number:

00900187 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

The following reproduces the text of the report prepared for the director 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 Director 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's Spices Limited 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.

This report is made solely to the director of Fox's Spices Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fox's Spices Limited and state those matters that we have agreed to state to the director of Fox's Spices Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fox's Spices Limited 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's Spices Limited. You consider that Fox's Spices Limited 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's Spices Limited. 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.

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

23 September 2025

Fixed assets

Tangible assets

4

317,252

327,072

Investments

5

8

317,260

327,080

Current assets

Stocks

6

98,540

95,066

Debtors

7

129,565

85,861

Cash at bank and in hand

297,022

310,853

525,127

491,780

Creditors

Amounts falling due within one year

8

463,146

475,886

Net current assets

61,981

15,894

Total assets less current liabilities

379,241

342,974

Provisions for liabilities

9

21,200

23,087

Net assets

358,041

319,887

Capital and reserves

Called up share capital

30,050

Capital redemption reserve

19,950

Retained earnings

308,041

269,887

358,041

319,887

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 director acknowledges his 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 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 director and authorised for issue on 23 September 2025 and were signed by:

A R Pester - Director

1.	Statutory information

Fox's Spices Limited 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.

Freehold property

-

2% on cost

Fixtures and equipment

-

Straight line over 3 years

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments

Fixed asset investments are shown at the lower of cost and net realisable value. Provisions are made for temporary fluctuations in value.

Consolidation and group accounts

The company has claimed the exemption conferred by Section 398 of the Companies Act 2006, from preparing group accounts.

Capital instruments

Financial reporting standard No 4 has been adopted in the preparation of these accounts. Capital instruments are accounted for and classified as equity or non-equity share capital, or debt, according to their form.

Fixed asset investments are shown at cost less amounts written off. Provisions are made for temporary fluctuations in value.

3.	Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4.	Tangible fixed assets

Fixtures

Freehold

and

Motor

property

equipment

vehicles

Totals

£

Cost

At 1 January 2024

366,605

360,624

36,100

763,329

Additions

-

17,029

-

17,029

At 31 December 2024

366,605

377,653

36,100

780,358

Depreciation

At 1 January 2024

125,172

274,985

36,100

436,257

Charge for year

4,055

22,794

-

26,849

At 31 December 2024

129,227

297,779

36,100

463,106

Net book value

At 31 December 2024

237,378

79,874

-

317,252

At 31 December 2023

241,433

85,639

-

327,072

Included in cost of land and buildings is freehold land of £ 163,875 (2023 - £ 163,875 ) which is not depreciated.

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

8

Net book value

At 31 December 2024

8

At 31 December 2023

8

6.

Stocks

2024

2023

£

Stocks

98,540

95,066

7.

Debtors: amounts falling due within one year

2024

2023

£

Trade debtors

118,415

73,031

Other debtors

4,558

6,303

Prepayments

6,592

6,527

129,565

85,861

8.

Creditors: amounts falling due within one year

2024

2023

£

Trade creditors

41,672

77,528

Other creditors

3,591

Corporation tax

6,210

1,277

Social security and other taxes

2,658

498

Directors' current accounts

376,035

362,844

Accruals and deferred income

32,980

30,148

463,146

475,886

9.	Provisions for liabilities

2024

2023

£

Deferred tax

21,200

23,087

Deferred

tax

£

Balance at 1 January 2024

23,087

Provided during year

(1,887

)

Movement

Balance at 31 December 2024

21,200