Company registration number 14253357 (England and Wales)
BLACK FOX ADVISERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
BLACK FOX ADVISERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BLACK FOX ADVISERS LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
14,908
9,511
Investments
4
440
440
15,348
9,951
Current assets
Debtors
5
378,682
67,528
Cash at bank and in hand
32,583
38,556
411,265
106,084
Creditors: amounts falling due within one year
6
(330,503)
(144,939)
Net current assets/(liabilities)
80,762
(38,855)
Total assets less current liabilities
96,110
(28,904)
Provisions for liabilities
(3,529)
-
Net assets/(liabilities)
92,581
(28,904)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
92,481
(29,004)
Total equity
92,581
(28,904)
BLACK FOX ADVISERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
31 July 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
S Myangar
Director
Company registration number 14253357 (England and Wales)
BLACK FOX ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Black Fox Advisers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fletchers Business Centre, Grendon Road, Polesworth, Tamworth, B78 1NS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

BLACK FOX ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

BLACK FOX ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
3
BLACK FOX ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
10,432
Additions
9,846
At 31 July 2025
20,278
Depreciation and impairment
At 1 August 2024
921
Depreciation charged in the year
4,449
At 31 July 2025
5,370
Carrying amount
At 31 July 2025
14,908
At 31 July 2024
9,511
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
440
440
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
95,821
12,089
Other debtors
-
0
2,238
Prepayments and accrued income
282,861
45,893
378,682
60,220
Deferred tax asset
-
0
7,308
378,682
67,528
BLACK FOX ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
45,822
17,449
Corporation tax
65,546
-
0
Other taxation and social security
27,587
5,612
Other creditors
153,356
116,547
Accruals and deferred income
38,192
5,331
330,503
144,939
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
45
45
45
45
B Ordinary shares of £1 each
45
45
45
45
C Ordinary shares of £1 each
10
10
10
10
100
100
100
100
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
12,000
-
0
9
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
44,523
116,547

Amounts owed to key management are interest free and repayable on demand.

2025-07-31 2024-08-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity D Thomas-Walls S Heard S Myangar 14253357 2024-08-01 2025-07-31 14253357 2025-07-31 14253357 2024-07-31 14253357 core:OtherPropertyPlantEquipment 2025-07-31 14253357 core:OtherPropertyPlantEquipment 2024-07-31 14253357 core:CurrentFinancialInstruments 2025-07-31 14253357 core:CurrentFinancialInstruments 2024-07-31 14253357 core:ShareCapital 2025-07-31 14253357 core:ShareCapital 2024-07-31 14253357 core:RetainedEarningsAccumulatedLosses 2025-07-31 14253357 core:RetainedEarningsAccumulatedLosses 2024-07-31 14253357 core:ShareCapitalOrdinaryShareClass1 2025-07-31 14253357 core:ShareCapitalOrdinaryShareClass1 2024-07-31 14253357 core:ShareCapitalOrdinaryShareClass2 2025-07-31 14253357 core:ShareCapitalOrdinaryShareClass2 2024-07-31 14253357 core:ShareCapitalOrdinaryShareClass3 2025-07-31 14253357 core:ShareCapitalOrdinaryShareClass3 2024-07-31 14253357 core:ShareCapitalOrdinaryShares 2025-07-31 14253357 core:ShareCapitalOrdinaryShares 2024-07-31 14253357 bus:Director3 2024-08-01 2025-07-31 14253357 core:ComputerEquipment 2024-08-01 2025-07-31 14253357 2023-08-01 2024-07-31 14253357 core:OtherPropertyPlantEquipment 2024-07-31 14253357 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 14253357 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 14253357 bus:OrdinaryShareClass2 2024-08-01 2025-07-31 14253357 bus:OrdinaryShareClass3 2024-08-01 2025-07-31 14253357 bus:OrdinaryShareClass1 2025-07-31 14253357 bus:OrdinaryShareClass1 2024-07-31 14253357 bus:OrdinaryShareClass2 2025-07-31 14253357 bus:OrdinaryShareClass2 2024-07-31 14253357 bus:OrdinaryShareClass3 2025-07-31 14253357 bus:OrdinaryShareClass3 2024-07-31 14253357 bus:AllOrdinaryShares 2025-07-31 14253357 bus:AllOrdinaryShares 2024-07-31 14253357 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 14253357 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 14253357 bus:FRS102 2024-08-01 2025-07-31 14253357 bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 14253357 bus:Director1 2024-08-01 2025-07-31 14253357 bus:Director2 2024-08-01 2025-07-31 14253357 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP