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REGISTERED NUMBER: SC555726 (Scotland)















Fourtwo Performance Limited

Financial Statements For The Year Ended 31 January 2022






Fourtwo Performance Limited (Registered number: SC555726)






Contents of the Financial Statements
For The Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Fourtwo Performance Limited

Company Information
For The Year Ended 31 January 2022







DIRECTOR: K Spink





REGISTERED OFFICE: The Cottage
Househill
Nairn
Highland
IV12 5RY





REGISTERED NUMBER: SC555726 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Fourtwo Performance Limited (Registered number: SC555726)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434 16,407

CURRENT ASSETS
Stocks - 16,250
Debtors 5 6,182 12,959
Cash at bank 1,621 3,221
7,803 32,430
CREDITORS
Amounts falling due within one year 6 70,308 81,302
NET CURRENT LIABILITIES (62,505 ) (48,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,071

)

(32,465

)

CREDITORS
Amounts falling due after more than one
year

7

4,309

10,168
NET LIABILITIES (65,380 ) (42,633 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (65,381 ) (42,634 )
SHAREHOLDERS' FUNDS (65,380 ) (42,633 )

Fourtwo Performance Limited (Registered number: SC555726)

Balance Sheet - continued
31 January 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:





K Spink - Director


Fourtwo Performance Limited (Registered number: SC555726)

Notes to the Financial Statements
For The Year Ended 31 January 2022

1. STATUTORY INFORMATION

Fourtwo Performance 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.

The accounts have been prepared on the going concern basis because the director has agreed not to seek repayment of his loan of £46,913 included in other creditors, until all third party creditors have been paid.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance

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

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 3 ) .

Fourtwo Performance Limited (Registered number: SC555726)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 February 2021 26,781
Disposals (24,465 )
At 31 January 2022 2,316
DEPRECIATION
At 1 February 2021 10,374
Charge for year 3,281
Eliminated on disposal (12,773 )
At 31 January 2022 882
NET BOOK VALUE
At 31 January 2022 1,434
At 31 January 2021 16,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 5,990 10,332
Other debtors 192 2,627
6,182 12,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 5,580 5,300
Trade creditors 13,198 10,938
Taxation and social security 365 1,060
Other creditors 51,165 64,004
70,308 81,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans 4,309 10,168

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
100 Ordinary £00.0 1 1 1

Fourtwo Performance Limited (Registered number: SC555726)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2022

9. RESERVES
Retained
earnings
£   

At 1 February 2021 (42,634 )
Deficit for the year (22,747 )
At 31 January 2022 (65,381 )

10. RELATED PARTY DISCLOSURES

K Spink
is a director in the company


The director has given the company an interest free directors loan. There are no repayment terms

31.1.22 31.1.21
£    £   
Amount due to related party at the balance sheet date 46,913 57,221

Spink Architectual Design Ltd

a company which owns 100% of the shares of Fourtwo Performace Ltd


Thr company has an interest free inter company loan with Spink Architectual Design Ltd. There are no repayment terms.

31.1.22 31.1.21
£    £   
Amount due from related party at the balance sheet date 192 2,627

11. ULTIMATE CONTROLLING PARTY

The controlling party is Spink Architectual Design Ltd.

The ultimate controlling party is K Spink.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Fourtwo Performance 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 Fourtwo Performance Limited for the year ended 31 January 2022 which comprise the Income Statement, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fourtwo Performance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fourtwo Performance Limited and state those matters that we have agreed to state to the director of Fourtwo Performance Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fourtwo Performance Limited and its director for our work or for this report.

It is your duty to ensure that Fourtwo Performance 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 loss of Fourtwo Performance Limited. You consider that Fourtwo Performance 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 Fourtwo Performance 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.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


29 August 2022