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REGISTERED NUMBER: 04724331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fourleaf Limited

Fourleaf Limited (Registered number: 04724331)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Fourleaf Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Aylott
R A Payne
J Wadey





SECRETARY: J Aylott





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 04724331 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fourleaf Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fourleaf Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fourleaf Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Fourleaf Limited and state those matters that we have agreed to state to the Board of Directors of Fourleaf Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fourleaf Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fourleaf Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fourleaf Limited. You consider that Fourleaf Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fourleaf Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


25 September 2024

Fourleaf Limited (Registered number: 04724331)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,407 22,270
18,407 22,270

CURRENT ASSETS
Debtors 5 1,163,013 1,159,356
Cash at bank 202,827 243,634
1,365,840 1,402,990
CREDITORS
Amounts falling due within one year 6 520,255 569,714
NET CURRENT ASSETS 845,585 833,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,992

855,546

CREDITORS
Amounts falling due after more than one
year

7

(84,000

)

(132,000

)

PROVISIONS FOR LIABILITIES (4,602 ) (5,567 )
NET ASSETS 775,390 717,979

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 775,388 717,977
SHAREHOLDERS' FUNDS 775,390 717,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Fourleaf Limited (Registered number: 04724331)

Statement of Financial Position - continued
31 December 2023


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 25 September 2024 and were signed on its behalf by:





R A Payne - Director


Fourleaf Limited (Registered number: 04724331)

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

1. STATUTORY INFORMATION

Fourleaf 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.

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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

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

Revenue is recognised at the point at which services are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% per annum on cost
Fixtures and fittings - 20% per annum on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fourleaf Limited (Registered number: 04724331)

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

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 208,116 65,022 273,138
Additions 4,364 2,333 6,697
At 31 December 2023 212,480 67,355 279,835
DEPRECIATION
At 1 January 2023 186,116 64,752 250,868
Charge for year 10,026 534 10,560
At 31 December 2023 196,142 65,286 261,428
NET BOOK VALUE
At 31 December 2023 16,338 2,069 18,407
At 31 December 2022 22,000 270 22,270

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 656,948 772,539
Amounts owed by group undertakings 235,086 214,181
Other debtors - 2,400
Directors' current accounts 79,788 16,706
Corporation tax 9,802 5,436
Prepayments and accrued income 150,421 120,594
1,132,045 1,131,856

Amounts falling due after more than one year:
Other debtors 30,968 27,500

Aggregate amounts 1,163,013 1,159,356

Fourleaf Limited (Registered number: 04724331)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,000 48,000
Trade creditors 14,734 24,685
Amounts owed to group undertakings 1,276 -
Corporation tax 149,175 64,761
Social security and other taxes 57,904 107,014
Other creditors 5,049 -
Accruals and deferred income 244,117 325,254
520,255 569,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 48,000 48,000
Bank loans - 2-5 years 36,000 84,000
84,000 132,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 62,080 62,080
Between one and five years 87,947 150,027
150,027 212,107

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 132,000 180,000

The bank loan of £132,000 was provided on 11th September 2020. The loan is secured by fixed and floating charges over the company's assets.

Fourleaf Limited (Registered number: 04724331)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J Aylott
Balance outstanding at start of year 15,356 14,826
Amounts advanced 537 530
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,893 15,356

R A Payne
Balance outstanding at start of year 1,350 1,350
Amounts advanced 35,940 -
Amounts repaid (12,970 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,320 1,350

J Wadey
Balance outstanding at start of year - -
Amounts advanced 53,163 -
Amounts repaid (13,588 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,575 -

11. RELATED PARTY DISCLOSURES

J Aylott, R Payne and J Wadey, the directors of the company, are also directors of the holding company, Fourleaf Group Limited, and Fourleaf B.V., a fellow subsidiary.

During the year, dividends were paid to Fourleaf Group Limited of £315,707 (2022:140,000).

At the balance sheet date, the amounts outstanding were as follows:

2023 2022
Due from Due to Due from Due to
£ £ £ £
Fourleaf B.V. 235,086 - 206,840 -
Fourleaf Group Limited - 1,276 7,341 -
235,086 1,276 214,181 -

12. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Fourleaf Group Limited, which is controlled by the director's Mr J Aylott, Mr R Payne and Mr J Wadey. Fourleaf Group Limited's registered office address is Second Floor, Curzon House, 24 High Street, Banstead, Surrey, SM7 2LJ.