Company registration number 08722753 (England and Wales)
4 POINT FIRE SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
4 POINT FIRE SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
4 POINT FIRE SOLUTIONS LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,422
24,278
Investment property
4
120,000
120,000
139,422
144,278
Current assets
Stocks
180
75
Debtors
5
9,632
11,748
Cash at bank and in hand
5,587
5,887
15,399
17,710
Creditors: amounts falling due within one year
6
(31,848)
(32,069)
Net current liabilities
(16,449)
(14,359)
Total assets less current liabilities
122,973
129,919
Creditors: amounts falling due after more than one year
7
(64,137)
(74,028)
Provisions for liabilities
(2,741)
(2,741)
Net assets
56,095
53,150
Capital and reserves
Called up share capital
1
1
Revaluation reserve
8
14,426
14,426
Profit and loss reserves
41,668
38,723
Total equity
56,095
53,150

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

4 POINT FIRE SOLUTIONS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Mark Ansine
Director
Company registration number 08722753 (England and Wales)
4 POINT FIRE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

4 Point Fire Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Soho House, 362 - 364 Soho Road, Birmingham, UK, B21 9QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

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

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on reducing balance
Motor vehicles
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

1.6
Stocks

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

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

4 POINT FIRE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 November 2022 and 31 October 2023
7,493
31,090
38,583
Depreciation and impairment
At 1 November 2022
4,505
9,800
14,305
Depreciation charged in the year
598
4,258
4,856
At 31 October 2023
5,103
14,058
19,161
Carrying amount
At 31 October 2023
2,390
17,032
19,422
At 31 October 2022
2,988
21,290
24,278
4 POINT FIRE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
4
Investment property
2023
£
Fair value
At 1 November 2022 and 31 October 2023
120,000

 

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
9,001
11,602
Other debtors
631
146
9,632
11,748
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
7,442
4,991
Trade creditors
744
1,606
Corporation tax
3,004
1,843
Other taxation and social security
4,352
5,316
Other creditors
16,306
18,313
31,848
32,069
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
64,137
74,028
8
Revaluation reserve
2023
2022
£
£
At the beginning and end of the year
14,426
14,426
9
Ultimate Controlling Party

The controlling party is Mark Ansine.

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