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REGISTERED NUMBER: 06029705 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

4SURE SOLUTIONS LTD

PREVIOUSLY KNOWN AS
4SURE TRAILERS LTD

4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4SURE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr GA Wagstaff





SECRETARY: Ms KL Horrigan





REGISTERED OFFICE: 1 Whittle Road
Corby
Northamptonshire
NN17 5DX





REGISTERED NUMBER: 06029705 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,012 169,216

CURRENT ASSETS
Stocks 159,991 247,253
Debtors 5 189,902 88,572
Cash at bank and in hand 100,276 298,597
450,169 634,422
CREDITORS
Amounts falling due within one year 6 338,456 533,390
NET CURRENT ASSETS 111,713 101,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,725

270,248

CREDITORS
Amounts falling due after more than one
year

7

(97,458

)

(179,663

)

PROVISIONS FOR LIABILITIES (13,457 ) -
NET ASSETS 138,810 90,585

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 137,810 89,585
SHAREHOLDERS' FUNDS 138,810 90,585

4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

BALANCE SHEET - continued
31ST DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th February 2024 and were signed by:





Mr GA Wagstaff - Director


4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

4Sure Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost and 10% on cost

Government grants
Government grants are recognised in accordance with FRS 102 paragraph 24.4 accrual model whereby grants received in relation to capital items are recognised in the profit and loss on a systematic basis over the useful economic life of the asset. Amounts deferred to future periods are shown in creditors.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 373,615
Additions 17,166
At 31st December 2023 390,781
DEPRECIATION
At 1st January 2023 204,399
Charge for year 48,370
At 31st December 2023 252,769
NET BOOK VALUE
At 31st December 2023 138,012
At 31st December 2022 169,216

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 180,276
DEPRECIATION
At 1st January 2023 54,084
Charge for year 36,056
At 31st December 2023 90,140
NET BOOK VALUE
At 31st December 2023 90,136
At 31st December 2022 126,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 187,193 84,972
Other debtors 2,709 3,600
189,902 88,572

4SURE SOLUTIONS LTD (REGISTERED NUMBER: 06029705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,000 38,000
Hire purchase contracts 41,705 37,195
Trade creditors 57,393 47,317
Amounts owed to group undertakings 38,067 13,873
Taxation and social security 51,381 16,307
Other creditors 111,910 380,698
338,456 533,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 65,833 103,833
Hire purchase contracts 22,712 64,417
Other creditors 8,913 11,413
97,458 179,663

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 103,833 141,833
Hire purchase contracts 64,417 101,612
168,250 243,445

Bank loans are secured under the UK government Bounce Back and Coronavirus Business Interruption loan schemes providing a full guarantee on the outstanding amount.

The debt is secured against the plant and machinery asset on which credit was granted.

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.

The parent company is 4Sure Holdings Ltd.