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COMPANY REGISTRATION NUMBER: 12494539
4PP Solutions Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
4PP Solutions Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
66,672
39,630
Current assets
Debtors
7
239,885
167,856
Cash at bank and in hand
103,044
88,304
---------
---------
342,929
256,160
Creditors: amounts falling due within one year
8
205,446
156,901
---------
---------
Net current assets
137,483
99,259
---------
---------
Total assets less current liabilities
204,155
138,889
---------
---------
Net assets
204,155
138,889
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
204,055
138,789
---------
---------
Shareholders funds
204,155
138,889
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
4PP Solutions Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 1 October 2024 , and are signed on behalf of the board by:
Mr A Shapland
Director
Company registration number: 12494539
4PP Solutions Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The White House, Denchworth Road, Grove, Wantage, Oxon, OX12 0AR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
10% reducing balance
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 4 ).
5. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
130,850
158,000
---------
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 August 2023
14,680
30,933
4,716
50,329
Additions
879
37,031
7,831
45,741
----
--------
--------
--------
--------
At 31 July 2024
879
14,680
67,964
12,547
96,070
----
--------
--------
--------
--------
Depreciation
At 1 August 2023
1,936
7,733
1,030
10,699
Charge for the year
220
1,274
15,058
2,147
18,699
----
--------
--------
--------
--------
At 31 July 2024
220
3,210
22,791
3,177
29,398
----
--------
--------
--------
--------
Carrying amount
At 31 July 2024
659
11,470
45,173
9,370
66,672
----
--------
--------
--------
--------
At 31 July 2023
12,744
23,200
3,686
39,630
----
--------
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
232,371
157,856
Other debtors
7,514
10,000
---------
---------
239,885
167,856
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
32,000
75,000
Trade creditors
51,912
26,714
Corporation tax
57,031
13,857
Social security and other taxes
53,530
37,726
Other creditors
10,973
3,604
---------
---------
205,446
156,901
---------
---------
9. Director's advances, credits and guarantees
Included in other creditors is £1,805 (2023: £929) owed to the director. On 8 March 2024, the director and his wife entered a formal agreement to jointly loan the company £32,000 for the purpose of cashflow and supporting the growth of the business. The loan is repayable on 6 October 2024 together with interest.
10. Related party transactions
During the year the company paid a market rent amounting to £8,670 (2023: £8,670) to the director and his wife for business use of a garden office.