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REGISTERED NUMBER: 03695761 (England and Wales)











4PS Construction Solutions Limited

Financial Statements

for the Year Ended 31 December 2023






4PS Construction Solutions Limited (Registered number: 03695761)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


4PS Construction Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms J S Chambers
J Bakker
Ms V J Clarke
J T Martikainen





SECRETARY: Ms J S Chambers





REGISTERED OFFICE: 6220 Bishops Court
Solihull Parkway
Birmingham Business Park
Birmingham
B37 7YB





REGISTERED NUMBER: 03695761 (England and Wales)





AUDITORS: Haines Watts Tamworth Limited
Chartered Accountants and Statutory Auditors
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

4PS Construction Solutions Limited (Registered number: 03695761)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,196 63,321

CURRENT ASSETS
Debtors 5 1,732,206 1,910,131
Cash at bank 1,379,112 964,266
3,111,318 2,874,397
CREDITORS
Amounts falling due within one year 6 2,836,314 2,472,458
NET CURRENT ASSETS 275,004 401,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,200

465,260

PROVISIONS FOR LIABILITIES 13,549 15,830
NET ASSETS 315,651 449,430

CAPITAL AND RESERVES
Called up share capital 8 107,000 107,000
Retained earnings 208,651 342,430
SHAREHOLDERS' FUNDS 315,651 449,430

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 Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





Ms J S Chambers - Director


4PS Construction Solutions Limited (Registered number: 03695761)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

4PS Construction Solutions Limited is a private company, limited by shares , registered in England and Wales. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

In preparing these financial statements, the directors have made the following judgments:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Provisions and contingencies

A provision is recognised when the company has a present legal or constructive obligation as a result of a
past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

Whether a present obligation is probable or not requires judgment. The nature and type of risks for these provisions differ and management’s judgment is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

Sales ledger debt provisions. Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirement.

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

In the period to 31 December 2023 17.49% (2022: 13.57%) of the company's turnover was to markets outside the United Kingdom.

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 etc - Straight line over 5 years and Straight line over 3 years

4PS Construction Solutions Limited (Registered number: 03695761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are
measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently
at amortised cost using the effective interest method.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 48 (2022 - 43 ) .

4PS Construction Solutions Limited (Registered number: 03695761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 221,976
Additions 34,497
Disposals (7,327 )
At 31 December 2023 249,146
DEPRECIATION
At 1 January 2023 158,655
Charge for year 43,622
Eliminated on disposal (7,327 )
At 31 December 2023 194,950
NET BOOK VALUE
At 31 December 2023 54,196
At 31 December 2022 63,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,630,793 1,505,893
Amounts owed by group undertakings - 295,704
Other debtors 101,413 108,534
1,732,206 1,910,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 365,514 352,539
Amounts owed to group undertakings 74,489 -
Taxation and social security 521,748 374,070
Other creditors 1,874,563 1,745,849
2,836,314 2,472,458

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 90,000 90,000
Between one and five years 360,000 45,000
In more than five years 45,000 -
495,000 135,000

4PS Construction Solutions Limited (Registered number: 03695761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
107,000 Ordinary £1 107,000 107,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Barlow FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts Tamworth Limited

10. CONTINGENT LIABILITIES

The company has entered into contracts with its customers for support service on systems supplied and is liable for any future costs in excess of the income deferred at the balance sheet date. The directors do not foresee any losses arising.

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is 4PS Group BV, a company registered in Netherlands.

The ultimate parent company, following a takeover in 2023, is Hilti AG, a company registered in Liechtenstein. Hilti AG prepare consolidated, group accounts, which are freely available from the Hilti website.

Hilti AG is wholly owned by the Martin Hilti Family Trust.