FOX MOTORSPORT LIMITED

FOX MOTORSPORT LIMITED

FOX MOTORSPORT LIMITED - Company Information

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FOX MOTORSPORT LIMITED

Company Registration Number:
06619809 (England and Wales)

Unaudited abridged accounts for the year ended 29 January 2020

Period of accounts

Start date: 31 January 2019

End date: 29 January 2020

FOX MOTORSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 29 January 2020

Balance sheet
Notes

FOX MOTORSPORT LIMITED

Balance sheet

As at 29 January 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 146,554 169,771
Total fixed assets: 146,554 169,771
Current assets
Stocks: 63,200 51,857
Debtors:   15,914 25,914
Cash at bank and in hand: 19,102 39,102
Total current assets: 98,216 116,873
Creditors: amounts falling due within one year:   (1,743,286) (1,756,374)
Net current assets (liabilities): (1,645,070) (1,639,501)
Total assets less current liabilities: (1,498,516) (1,469,730)
Provision for liabilities:   (2,500)
Total net assets (liabilities): (1,498,516) (1,472,230)
Capital and reserves
Called up share capital: 35,000 35,000
Profit and loss account: (1,533,516) (1,507,230)
Shareholders funds: (1,498,516) (1,472,230)

The notes form part of these financial statements

FOX MOTORSPORT LIMITED

Balance sheet statements

For the year ending 29 January 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 January 2021
and signed on behalf of the board by:

Name: P MCNEILLY
Status: Director

The notes form part of these financial statements

FOX MOTORSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOX MOTORSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2020

2. Employees

2020 2019
Average number of employees during the period 2 1

FOX MOTORSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2020

3. Tangible Assets

Total
Cost £
At 31 January 2019 334,851
Additions 25,000
At 29 January 2020 359,851
Depreciation
At 31 January 2019 165,080
Charge for year 48,217
At 29 January 2020 213,297
Net book value
At 29 January 2020 146,554
At 30 January 2019 169,771