Fox Industrial Services Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 04697119

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

FOX INDUSTRIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Foxall

Mrs C Foxall

SECRETARY:

Mrs C Foxall

REGISTERED OFFICE:

Fox House

Brook Street

Lakeside

Redditch

B98 8NG

REGISTERED NUMBER:

04697119

ACCOUNTANTS:

A W Walker & Co

8 Fairford Close

Prospect Grange

Solihull

B91 1JF

FIXED ASSETS

Tangible assets

2

156,337

CURRENT ASSETS

Stocks

14,500

Debtors

3

1,400,581

Cash at bank

572,176

1,987,257

CREDITORS

Amounts falling due within one year

4

1,305,225

NET CURRENT ASSETS

682,032

TOTAL ASSETS LESS CURRENT LIABILITIES

838,369

PROVISIONS FOR LIABILITIES

5

27,400

NET ASSETS

810,969

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

7

810,967

SHAREHOLDERS' FUNDS

810,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 December 2016 and were signed on its behalf by:

S Foxall - Director

Mrs C Foxall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2015

273,003

46,475

125,903

445,381

Additions

15,950

3,672

20,610

40,232

Disposals

-

-

(13,650

)

(13,650

)

At 31 March 2016

288,953

50,147

132,863

471,963

DEPRECIATION

At 1 April 2015

184,193

17,030

52,342

253,565

Charge for year

36,533

8,737

25,146

70,416

Eliminated on disposal

-

-

(8,355

)

(8,355

)

At 31 March 2016

220,726

25,767

69,133

315,626

NET BOOK VALUE

At 31 March 2016

68,227

24,380

63,730

156,337

At 31 March 2015

88,810

29,445

73,561

191,816

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,374,098

Other debtors

26,483

1,400,581

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,057,688

Taxation and social security

235,283

Other creditors

12,254

1,305,225

5.	PROVISIONS FOR LIABILITIES

£

Deferred tax

27,400

Deferred

tax

£

Accelerated capital allowances

(8,100

)

Balance at 31 March 2016

(8,100

)

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary shares

£1

2

7.

RESERVES

Retained

earnings

£

At 1 April 2015

616,455

Profit for the year

419,512

Dividends

(225,000

)

At 31 March 2016

810,967

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £225,000 were paid to the directors .

The Company`s premises are rented from a pension scheme for Mr & Mrs Foxall at an annual rent of £42,600

paid quarterly.

9.

CONTROL

The company is under the control of the director and his wife.