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C. FOUR LTD.
Unaudited filleted financial statements
31 January 2023
Company registration number: 03069321 (England and Wales)
C. FOUR LTD.
Contents
Statement of financial position
Notes to the financial statements
C. FOUR LTD.
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 4 1,095 508
Cash at bank 52,495 72,143
_______ _______
53,590 72,651
Creditors: amounts falling due
within one year 5 ( 1,532) ( 23,120)
_______ _______
Net current assets 52,058 49,531
_______ _______
Total assets less current liabilities 52,058 49,531
_______ _______
Net assets 52,058 49,531
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,958 49,431
_______ _______
Shareholders funds 52,058 49,531
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 September 2023 , and are signed on behalf of the board by:
V. O'Connor
Director
Company registration number: 03069321
C. FOUR LTD.
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Lockton Close, Ashby de la Zouch, Leicestershire, LE65 1AY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
2023 2022
£ £
Trade debtors 1,095 508
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings - 22,210
Accruals and deferred income 700 675
Corporation tax 593 -
Social security and other taxes 239 235
_______ _______
1,532 23,120
_______ _______
6. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2023 2022 2023 2022
£ £ £ £
Railstaff Select Limited 5,250 19,230 - ( 5,250)
Railstaff Publications Limited 21,960 ( 9,000) - ( 21,960)
_______ _______ _______ _______
The above amounts relate to inter group loans, are short term and interest free.
7. Controlling party
The company is controlled by Railstaff Select Limited which owns 100% of the company's issued share capital.