Registered Number
:
09054585
|
For the year ended 31 May 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2019
Fox Land Rovers Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Fox Land Rovers Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
22,405
45,219
2
22,405
45,219
41,495
22,970
3
Trade and other receivables
|
16,567
18,833
4
8,874
Cash and cash equivalents
|
11,171
52,974
66,936
Trade and other payables
:
amounts falling due within one
|
year
|
(143,206)
(132,142)
5
(76,270)
(79,168)
Net current liabilities
Total assets less current liabilities
|
(56,763)
(31,051)
Trade and other payables
:
amounts falling due after more
|
than one year
|
(11,234)
-
6
(56,763)
Net liabilities
(42,285)
100
100
(56,863)
(42,385)
(56,763)
(42,285)
Shareholders' funds
For the year ended 31 May 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 26 February 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2019
Fox Land Rovers Limited
Notes to the Financial Statements
Statutory Information
Fox Land Rovers Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
09054585
.
|
Old Barn Farm Welford Road
Husbands Bosworth
Lutterworth
England
LE17 6JL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents the net invoiced value of services provided net of value added tax
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2 of 4
For the year ended 31 May 2019
Fox Land Rovers Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor Vehicles
66,485
4,230
26,028
21,076
15,151
4,000
-
4,000
-
-
-
(26,028)
-
-
(26,028)
21,076
4,000
4,230
44,457
15,151
Provision for depreciation and impairment
|
21,266
1,685
6,966
9,622
2,993
Charge for year
9,240
636
1,821
5,269
1,514
(8,454)
-
(8,454)
-
-
22,052
2,321
333
14,891
4,507
10,644
6,185
3,667
1,909
22,405
12,158
11,454
19,062
2,545
45,219
2018
2019
22,970
41,495
4
.
Trade and other receivables
|
2018
2019
540
4,161
Prepayments and accrued income
|
15,243
11,612
Amounts owed by directors
|
3,050
-
-
794
16,567
18,833
3 of 4
For the year ended 31 May 2019
Fox Land Rovers Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
52,117
57,352
Taxation and social security
|
29,243
20,661
Accruals and deferred income
|
1,887
1,600
Directors
'
loan accounts
|
-
18,071
Obligations under HP
/
Financial leases
|
-
9,106
48,895
36,416
132,142
143,206
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
-
11,234
7
.
Related party transactions
|
The Ultimate Controlling party is Jaspal Saund, a Director and shareholder.
8
.
Average number of persons employed
|
During the year the average number of employees was 4 (2018 : 4)
4 of 4