FOXALL STUDIO LTD - Filleted accounts

FOXALL STUDIO LTD
Registered number:		SC289334
Balance Sheet
as at 31 August 2025

Notes			2025		2024
			£ 1		£ 1
Fixed assets
Intangible assets	4		-		-
Tangible assets	5		6,055		8,995
Investments	6		-		-
			6,055		8,995

Current assets
Stocks		11,000		-
Debtors	4	125,001		158,881
Investments held as current assets	8	-		-
Cash at bank and in hand		2,639		5
		138,640		158,886

Creditors: amounts falling due within one year	5	(101,063)		(134,410)

Net current assets			37,577		24,476

Total assets less current liabilities			43,632		33,471

Creditors: amounts falling due after more than one year	6		(18,687)		(31,198)

Provisions for liabilities			(2,157)		(2,157)


Net assets			22,788		116

Capital and reserves
Called up share capital			3		3
Share premium			-		-
Revaluation reserve	12		-		-
Profit and loss account			22,785		113

Shareholders' funds			22,788		116

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 Act.
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 special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Iain Christopher Foxall
Director
Approved by the board on 31 May 2026

FOXALL STUDIO LTD
Notes to the Accounts
for the year ended 31 August 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative 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 evenly over its expected useful life, as follows:

	Vehicles		5 years straight line
	Fixtures and fittings		25% reducing balance
	Computer equipment		33% reducing balance



	Stocks & wip
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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.




3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		4



5	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles		Total
		£ 1	£ 1	£ 1		£ 1
	Cost
	At 1 September 2024	3,913	8,995	13,397		26,305
	Additions	-	-	-		-
	Surplus on revaluation	-	-	-		-
	Disposals	-	-	-		-
	At 31 August 2025	3,913	8,995	13,397		26,305

	Depreciation
	At 1 September 2024	2,704	3,748	10,858		17,310
	Charge for the year	370	1,800	770		2,940
	Surplus on revaluation	-	-	-		-
	On disposals	-	-	-		-
	At 31 August 2025	3,074	5,548	11,628		20,250

	Net book value
	At 31 August 2025	839	3,447	1,769		6,055
	At 31 August 2024	1,209	5,247	2,539		8,995



4	Debtors			2025		2024
				£ 1		£ 1

	Trade debtors			8,423		33,974
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			95,218		124,907
	Deferred tax asset			-		-
	Other debtors			21,360		-
				125,001		158,881

	Amounts due after more than one year included above			-		-



5	Creditors: amounts falling due within one year			2025		2024
				£ 1		£ 1

	Non-equity preference shares			-		-
	Bank loans and overdrafts			26,689		38,193
	Obligations under finance lease and hire purchase contracts			-		-
	Trade creditors			17,992		21,719
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			-		-
	Taxation and social security costs			49,696		47,510
	Other creditors			6,686		26,988
				101,063		134,410


6	Creditors: amounts falling due after one year			2025		2024
				£ 1		£ 1

	Non-equity preference shares			-		-
	Bank loans			18,687		31,198
	Obligations under finance lease and hire purchase contracts			-		-
	Trade creditors			-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			-		-
	Other creditors			-		-
				18,687		31,198


7	Loans			2025		2024
				£ 1		£ 1
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			-		-
	Instalments falling due for payment after more than five years			-		-
				-		-
#	Other information

	FOXALL STUDIO LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Gillespie House
	Montquhanie
	Cupar,
	Scotland
	KY15 4QJ