Fox Glazing Solutions Limited

(Registration number: 14404129)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,511	11,978
Current assets
Stocks	5	15,000	15,000
Debtors	6	276,497	134,421
Cash at bank and in hand		36,671	5,826
		328,168	155,247
Creditors: Amounts falling due within one year	7	(261,295)	(163,013)
Net current assets/(liabilities)		66,873	(7,766)
Total assets less current liabilities		75,384	4,212
Provisions for liabilities		(2,128)	(2,995)
Net assets		73,256	1,217
Capital and reserves
Called up share capital		100	100
Retained earnings		73,156	1,117
Shareholders' funds		73,256	1,217

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Martin John Lewis Director

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 4 Hepworth Park
Brook Street
Redditch
B98 8NZ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102
Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small
companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	33.3% reducing balance basis
Motor Vehicle	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 7).

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	13,242	4,200	17,442
Additions	396	-	396
At 31 March 2025	13,638	4,200	17,838
Depreciation
At 1 April 2024	4,414	1,050	5,464
Charge for the year	3,075	788	3,863
At 31 March 2025	7,489	1,838	9,327
Carrying amount
At 31 March 2025	6,149	2,362	8,511
At 31 March 2024	8,828	3,150	11,978

5

Stocks

	2025 £	2024 £
Other inventories	15,000	15,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	208,612	9,713
Prepayments	3,667	8,170
Other debtors	64,218	116,538
	276,497	134,421

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	179,054	58,134
Taxation and social security	27,795	10,131
Accruals and deferred income	1,575	1,500
Other creditors	52,871	93,248
	261,295	163,013

8	Related party transactions

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 31 March 2025 £
Mr Simon Foxall
	(88,430)	71,336	(20,000)	-	(37,094)
Mr Martin John Lewis
	40,557	114,500	(170,411)	-	(15,354)
Mr Mark Allan Jones
	53,684	1,207	(30,107)	-	24,784
Mr Lee Elson
	22,297	56,500	(75,000)	-	3,797

Fox Glazing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	At 7 October 2022 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr Simon Foxall
	-	20,051	(108,481)	(88,430)
Mr Martin John Lewis
	-	50,476	(9,919)	40,557
Mr Mark Allan Jones
	-	53,684	-	53,684
Mr Lee Elson
	-	42,297	(20,000)	22,297