REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 August 2019 |
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for |
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Fox (Chain Saws) Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 August 2019 |
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for |
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Fox (Chain Saws) Limited |
Fox (Chain Saws) Limited (Registered number: 01196246) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Fox (Chain Saws) Limited |
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Company Information |
for the Year Ended 31 August 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountancy & Taxation Advisers |
Bank Chambers |
Brook Street |
Bishops Waltham |
Hampshire |
SO32 1AX |
Fox (Chain Saws) Limited (Registered number: 01196246) |
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Balance Sheet |
31 August 2019 |
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31.8.19 | 31.8.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
Fox (Chain Saws) Limited (Registered number: 01196246) |
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Balance Sheet - continued |
31 August 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Fox (Chain Saws) Limited (Registered number: 01196246) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2019 |
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1. | STATUTORY INFORMATION |
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Fox (Chain Saws) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts have been prepared on a going concern basis due to the continued support of the directors. The |
company meets its day-to-day working capital requirements through this support and the directors expect this to |
continue for at least one year from the date of signing these financial statements. |
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If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets |
to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as |
current assets. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Plant & machinery | - |
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Fixtures & fittings | - |
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Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to |
related parties and investments in non-puttable ordinary shares. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice |
of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three |
months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant |
risk of change in value. |
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Creditors |
Short term creditors are measured at the transaction price. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Fox (Chain Saws) Limited (Registered number: 01196246) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Employee benefits |
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as |
an expense in the period in which they are incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2018 |
and 31 August 2019 |
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DEPRECIATION |
At 1 September 2018 |
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Charge for year |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 September 2018 |
and 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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Fox (Chain Saws) Limited (Registered number: 01196246) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.19 | 31.8.18 |
value: | £ | £ |
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Ordinary 'A' | £0.50 | 25,000 | 25,000 |
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Ordinary 'B' | £0.50 | 25,000 | 25,000 |
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Ordinary 'C' | £1 | 1 | 1 |
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Ordinary 'D' | £1 | 1 | 1 |
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Ordinary 'E' | £1 | 1 | 1 |
50,003 | 50,003 |
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Ordinary 'A' shares rank pari passu with existing share capital except they are not entitled to participate in |
dividend income or capital distribution. |
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Ordinary 'B', 'C', 'D' and 'E' shares rank pari passu with existing share capital except they do not give the |
shareholder any voting rights whatsoever. |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party are Mr D and Mrs E M Fox, who are the directors of the company, and between |
them hold more than 50% of the voting share capital of the company. |