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REGISTERED NUMBER: 05045193 (England and Wales)





F4CONTROL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F4CONTROL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr C Lightbody
Mr J Lightbody



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 05045193 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Natwest
9 Church Street
Mansfield
Nottinghamshire
NG18 1HP

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 690,261 604,104

CURRENT ASSETS
Debtors 6 2,391,964 2,227,802
Cash at bank 146,133 156,179
2,538,097 2,383,981
CREDITORS
Amounts falling due within one year 7 2,529,352 2,504,301
NET CURRENT ASSETS/(LIABILITIES) 8,745 (120,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,006

483,784

CREDITORS
Amounts falling due after more than one
year

8

(178,437

)

(223,668

)

PROVISIONS FOR LIABILITIES (39,498 ) (108,426 )
NET ASSETS 481,071 151,690

CAPITAL AND RESERVES
Called up share capital 9 165 165
Retained earnings 480,906 151,525
SHAREHOLDERS' FUNDS 481,071 151,690

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

BALANCE SHEET - continued
31 JANUARY 2024


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

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

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 30 October 2024 and were signed on its behalf by:





Mr J Lightbody - Director


F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


1. STATUTORY INFORMATION

F4Control 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
Turnover represents the value excluding Value Added Tax of transportation services provided to customers during the year. All income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


3. 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
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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 185 (2023 - 167 ) .

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 8,080 40,267 31,120
Additions - - -
Disposals - - -
At 31 January 2024 8,080 40,267 31,120
DEPRECIATION
At 1 February 2023 3,232 20,030 22,031
Charge for year 808 3,036 2,273
Eliminated on disposal - - -
At 31 January 2024 4,040 23,066 24,304
NET BOOK VALUE
At 31 January 2024 4,040 17,201 6,816
At 31 January 2023 4,848 20,237 9,089

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 1,108,574 4,820 1,192,861
Additions 386,040 709 386,749
Disposals (194,860 ) - (194,860 )
At 31 January 2024 1,299,754 5,529 1,384,750
DEPRECIATION
At 1 February 2023 540,361 3,103 588,757
Charge for year 218,371 363 224,851
Eliminated on disposal (119,119 ) - (119,119 )
At 31 January 2024 639,613 3,466 694,489
NET BOOK VALUE
At 31 January 2024 660,141 2,063 690,261
At 31 January 2023 568,213 1,717 604,104

Included in the net book value of tangible assets held at 31 January 2024 was £518,982 (2023: £360,372) relating to motor vehicles purchased under hire purchase agreements.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 750,588 598,500
Bad debt provision - (123,619 )
Amounts owed by related parties - 427,000
Other debtors 1,581,868 1,278,781
Prepayments and accrued income 59,508 47,139
2,391,964 2,227,801

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Directors' loan accounts - 1

Aggregate amounts 2,391,964 2,227,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 214,192 160,232
Trade creditors 133,004 287,366
Amounts owed to related parties 860,889 934,994
Corporation tax 180,515 78,226
Social security and other taxes 54,582 33,724
VAT 145,392 91,962
Other creditors 429,824 639,313
Directors' current accounts 335,733 245,169
Accruals and deferred income 175,221 33,315
2,529,352 2,504,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 178,437 223,667
Directors' loan accounts - 1
178,437 223,668

F4CONTROL LIMITED (REGISTERED NUMBER: 05045193)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number Class Nominal 2024 2023
Value £ £
100 Ordinary £1 100 100
25 Ordinary A £1 25 25
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
10 Ordinary E £1 10 10
165 165

10. RELATED PARTY DISCLOSURES

During the year the company acquired services from related parties of £NIL, (2023 - £85,505). At the balance sheet date the company owed to related parties £860,889 (2023 - £934,994).

At the balance sheet date the company was owed from related parties £NIL (2023 - £427,000).

11. POST BALANCE SHEET EVENTS

On 20 September 2024 Gallant Building Services Limited, entered administration. The amount remaining owed to F4Control Limited at the balance sheet date was £1,578,868. The expectation is that none of this debt is recoverable.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Lightbody.