Company registration number 08978298 (England and Wales)
4SONS ENTERTAINMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
4SONS ENTERTAINMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
4SONS ENTERTAINMENT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,772
3,024
Current assets
Debtors
5
560
323
Cash at bank and in hand
8,575
7,322
9,135
7,645
Creditors: amounts falling due within one year
6
(11,579)
(10,311)
Net current liabilities
(2,444)
(2,666)
Total assets less current liabilities
328
358
Provisions for liabilities
(17)
-
0
Net assets
311
358
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
307
354
Total equity
311
358

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 September 2024 and are signed on its behalf by:
C D Clifton
Director
Company Registration No. 08978298
4SONS ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

4Sons Entertainment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Haldon Terrace, Dawlish, Devon, UK, EX7 9LN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

 

Goodwill is amortised on a straight line basis over its expected useful life of 3 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

4SONS ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Foreign exchange

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4SONS ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
10,000
Amortisation and impairment
At 1 April 2023 and 31 March 2024
10,000
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
7,058
16,837
23,895
Additions
-
0
940
940
Disposals
-
0
(678)
(678)
At 31 March 2024
7,058
17,099
24,157
Depreciation and impairment
At 1 April 2023
6,188
14,683
20,871
Depreciation charged in the year
173
940
1,113
Eliminated in respect of disposals
-
0
(599)
(599)
At 31 March 2024
6,361
15,024
21,385
Carrying amount
At 31 March 2024
697
2,075
2,772
At 31 March 2023
870
2,154
3,024
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
560
277
Deferred tax asset
-
0
46
560
323
4SONS ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,787
173
Taxation and social security
6,876
7,245
Other creditors
2,916
2,893
11,579
10,311
2024-03-312023-04-01false10 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityC D CliftonZ J Cliftonfalsefalse089782982023-04-012024-03-31089782982024-03-31089782982023-03-3108978298core:FurnitureFittings2024-03-3108978298core:ComputerEquipment2024-03-3108978298core:FurnitureFittings2023-03-3108978298core:ComputerEquipment2023-03-3108978298core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108978298core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108978298core:CurrentFinancialInstruments2024-03-3108978298core:CurrentFinancialInstruments2023-03-3108978298core:ShareCapital2024-03-3108978298core:ShareCapital2023-03-3108978298core:RetainedEarningsAccumulatedLosses2024-03-3108978298core:RetainedEarningsAccumulatedLosses2023-03-3108978298bus:Director12023-04-012024-03-3108978298core:Goodwill2023-04-012024-03-3108978298core:FurnitureFittings2023-04-012024-03-3108978298core:ComputerEquipment2023-04-012024-03-31089782982022-04-012023-03-3108978298core:NetGoodwill2023-03-3108978298core:NetGoodwill2024-03-3108978298core:NetGoodwill2023-03-3108978298core:FurnitureFittings2023-03-3108978298core:ComputerEquipment2023-03-31089782982023-03-3108978298core:WithinOneYear2024-03-3108978298core:WithinOneYear2023-03-3108978298bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108978298bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108978298bus:FRS1022023-04-012024-03-3108978298bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108978298bus:Director22023-04-012024-03-3108978298bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP