Loyd Fox Limited - Filleted accounts

LOYD FOX LIMITED					Registered Number
					04786251
BALANCE SHEET
AS AT 31 MARCH 2025


Notes			2025		2024
			£		£
FIXED ASSETS
Tangible assets	3		182		1,325

CURRENT ASSETS
Debtors	4	31,715		16,181
Cash at bank and in hand		31,301		6,246
		63,016		22,427

CREDITORS: amounts falling due within one year	5	(47,184)		(26,541)

NET CURRENT ASSETS/(LIABILITIES)			15,832		(4,114)

TOTAL ASSETS LESS CURRENT LIABILITIES			16,014		(2,789)

CREDITORS: amounts falling due after more than one year	6		(1,462)		(10,265)

NET ASSETS/(LIABILITIES)			14,552		(13,054)

CAPITAL AND RESERVES
Called up share capital			200		200
Profit and loss account			14,352		(13,254)

SHAREHOLDERS' FUNDS			14,552		(13,054)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit 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 accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Jason Baker
Director

Approved by the board and authorised for issue on 30 December 2025

LOYD FOX LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025


1	ACCOUNTING POLICIES

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Plant and machinery	25% straight line
	Motor vehicles	25% reducing balance

	Government grants
	Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in profit or loss in the same period as the related expenditure.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	EMPLOYEES		2025	2024
			Number	Number

	Average number of persons employed by the company		5	6


3	TANGIBLE FIXED ASSETS
				Plant and machinery etc
				£
	COST:
	At 1 April 2024			16,100
	Disposals			(11,000)
	At 31 March 2025			5,100

	DEPRECIATION:
	At 1 April 2024			14,775
	Charge for the year			308
	On disposals			(10,165)
	At 31 March 2025			4,918

	NET BOOK VALUE:
	At 31 March 2025			182
	At 31 March 2024			1,325


4	DEBTORS		2025	2024
			£	£

	Trade debtors		12,033	10,689
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		11,640	-
	Other debtors		8,042	5,492
			31,715	16,181


5	CREDITORS: amounts falling due within one year		2025	2024
			£	£

	Bank loans and overdrafts		8,802	8,802
	Trade creditors		5,530	9,118
	Taxation and social security		14,271	3,229
	Other creditors		18,581	5,392
			47,184	26,541


6	CREDITORS: amounts falling due after one year		2025	2024
			£	£

	Bank loans		1,462	10,265


7	OTHER FINANCIAL COMMITMENTS		2025	2024
			£	£

	Total future minimum payments under non-cancellable operating leases		11,000	37,000


8	CONTROLLING PARTY

	The company's parent company is Iona Group Holdings Ltd, a company incorporated in England and Wales whose registered office is at 2 Newton Road, Kingsteignton, Newton Abbot, TQ12 3AJ.


9	OTHER INFORMATION

	Loyd Fox Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is at 2 Newton Road, Kingsteignton, TQ12 3AJ.