Company Registration No. 10756436 (England and Wales)
Four Walls Pr Limited
Unaudited accounts
for the year ended 31 May 2024
Four Walls Pr Limited
Company Information
for the year ended 31 May 2024
Directors
Mr S Taylor
Mrs R Taylor
Company Number
10756436 (England and Wales)
Registered Office
Clavering House
Clavering Place
Newcastle Upon Tyne
Tyne and Wear
NE1 3NG
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Four Walls Pr Limited
Statement of financial position
as at 31 May 2024
Tangible assets
5,724
6,695
Cash at bank and in hand
1,986
3,850
Creditors: amounts falling due within one year
(16,644)
(18,372)
Net current liabilities
(5,713)
(5,967)
Total assets less current liabilities
11
728
Provisions for liabilities
Deferred tax
(1,087)
(1,272)
Net liabilities
(1,076)
(544)
Called up share capital
10
10
Profit and loss account
(1,086)
(554)
Shareholders' funds
(1,076)
(544)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Mr S Taylor
Director
Company Registration No. 10756436
Four Walls Pr Limited
Notes to the Accounts
for the year ended 31 May 2024
Four Walls Pr Limited is a private company, limited by shares, registered in England and Wales, registration number 10756436. The registered office is Clavering House, Clavering Place, Newcastle Upon Tyne, Tyne and Wear, NE1 3NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Diminishing balance
Fixtures & fittings
15% Diminishing balance
Computer equipment
25% Diminishing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Four Walls Pr Limited
Notes to the Accounts
for the year ended 31 May 2024
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
20,192
1,962
5,385
27,539
At 31 May 2024
20,192
1,962
6,065
28,219
At 1 June 2023
16,599
934
3,311
20,844
Charge for the year
898
154
599
1,651
At 31 May 2024
17,497
1,088
3,910
22,495
At 31 May 2024
2,695
874
2,155
5,724
At 31 May 2023
3,593
1,028
2,074
6,695
Amounts falling due within one year
Accrued income and prepayments
365
275
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,099
9,773
Loans from directors
2,145
2,129
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Average number of employees
During the year the average number of employees was 2 (2023: 2).