Friendly Foxes Limited - Accounts to registrar (filleted) - small 18.2

Friendly Foxes Limited - Accounts to registrar (filleted) - small 18.2

LUMINOUS DESIGN LTD - Company Information

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FRIENDLY FOXES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2019






FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

FRIENDLY FOXES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2019







DIRECTOR: M Falinski





REGISTERED OFFICE: c/o JRW
5 Castle Terrace
Edinburgh
EH1 2DP





REGISTERED NUMBER: SC486975 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT
Page 1
FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)

BALANCE SHEET
30TH SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,708 1,860

CURRENT ASSETS
Debtors 5 1,009 2,711
Cash at bank 3,662 2,253
4,671 4,964
CREDITORS
Amounts falling due within one year 6 7,279 6,724
NET CURRENT LIABILITIES (2,608 ) (1,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
100
100

CAPITAL AND RESERVES
Called up share capital 100 100
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2019 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 notes form part of these financial statements

Page 2 continued...
FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)

BALANCE SHEET - continued
30TH SEPTEMBER 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20th March 2020 and were signed by:





M Falinski - Director


The notes form part of these financial statements

Page 3
FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

1. STATUTORY INFORMATION

Friendly Foxes Limited is a private company, limited by shares , registered in Scotland. 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
The company provides information technology and website services. Turnover is measured at the fair value of
the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised in the accounting period in which the services are rendered and when the outcome of the
contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at
transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment.
Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are
settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not
they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation
is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted
or substantively enacted by the balance sheet date.

Page 4 continued...
FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st October 2018 5,470
Additions 3,960
At 30th September 2019 9,430
DEPRECIATION
At 1st October 2018 3,610
Charge for year 3,112
At 30th September 2019 6,722
NET BOOK VALUE
At 30th September 2019 2,708
At 30th September 2018 1,860

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 1,009 2,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 5,461 4,978
Other creditors 1,818 1,746
7,279 6,724

Page 5 continued...
FRIENDLY FOXES LIMITED (REGISTERED NUMBER: SC486975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2019 and
30th September 2018:

2019 2018
£    £   
M Falinski
Balance outstanding at start of year (2,711 ) (7,060 )
Amounts advanced 27,234 35,564
Amounts repaid (25,532 ) (31,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,009 ) (2,711 )

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FRIENDLY FOXES LIMITED

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 Friendly Foxes Limited for the year ended 30th September 2019 which comprise the Statement
of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Friendly Foxes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Friendly Foxes Limited and state those matters that we have agreed to state to the director of Friendly Foxes Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 Friendly Foxes 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 Friendly Foxes Limited. You consider that Friendly Foxes 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 Friendly Foxes 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.






JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


20th March 2020

This page does not form part of the statutory financial statements

Page 7