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REGISTERED NUMBER: 10013928 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

4PL LTD

4PL LTD (REGISTERED NUMBER: 10013928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4PL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Burton





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham By Sea
BN43 5HZ





REGISTERED NUMBER: 10013928 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

4PL LTD (REGISTERED NUMBER: 10013928)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 225,334 259,707

CURRENT ASSETS
Stocks 455,611 409,799
Debtors 5 52,743 81,808
Cash at bank 61,576 -
569,930 491,607
CREDITORS
Amounts falling due within one year 6 (390,688 ) (394,049 )
NET CURRENT ASSETS 179,242 97,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,576

357,265

CREDITORS
Amounts falling due after more than one
year

7

(107,481

)

(121,185

)

PROVISIONS FOR LIABILITIES 8 (51,827 ) (49,344 )
NET ASSETS 245,268 186,736

CAPITAL AND RESERVES
Called up share capital 110 110
Fair value reserve 9 37,378 37,378
Retained earnings 207,780 149,248
SHAREHOLDERS' FUNDS 245,268 186,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

4PL LTD (REGISTERED NUMBER: 10013928)

BALANCE SHEET - continued
31 MARCH 2024


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 27 August 2024 and were signed by:





M Burton - Director


4PL LTD (REGISTERED NUMBER: 10013928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

4pl Ltd 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.

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.
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4PL LTD (REGISTERED NUMBER: 10013928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 488,504
Additions 40,737
At 31 March 2024 529,241
DEPRECIATION
At 1 April 2023 228,797
Charge for year 75,110
At 31 March 2024 303,907
NET BOOK VALUE
At 31 March 2024 225,334
At 31 March 2023 259,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,166 76,652
Other debtors 6,577 5,156
52,743 81,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 16,179
Trade creditors 241,562 266,730
Taxation and social security 80,962 52,066
Other creditors 57,960 59,074
390,688 394,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,231 22,435
Other creditors 95,250 98,750
107,481 121,185

4PL LTD (REGISTERED NUMBER: 10013928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 51,827 49,344

Deferred
tax
£   
Balance at 1 April 2023 49,344
capital allowances in advance 2,483
of depreciation
Balance at 31 March 2024 51,827

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 37,378