Company Registration No. 04661480 (England and Wales)
DOOR4 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2024
05 April 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
DOOR4 LIMITED
COMPANY INFORMATION
Directors
L S Calverley
S D Dwyer
Secretary
L S Calverley
Company number
04661480
Registered office
Burnley Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
DOOR4 LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DOOR4 LIMITED
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
600
Tangible assets
4
19,085
20,018
19,085
20,618
Current assets
Debtors
5
333,562
283,144
Cash at bank and in hand
372,833
328,199
706,395
611,343
Creditors: amounts falling due within one year
6
(456,583)
(392,124)
Net current assets
249,812
219,219
Total assets less current liabilities
268,897
239,837
Creditors: amounts falling due after more than one year
7
(62,500)
(92,500)
Provisions for liabilities
(4,427)
(5,005)
Net assets
201,970
142,332
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
201,870
142,232
Total equity
201,970
142,332

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 5 April 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.

DOOR4 LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2024
05 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
L S Calverley
Director
Company registration number 04661480 (England and Wales)
DOOR4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 3 -
1
Accounting policies
Company information

Door4 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Burnley Wharf, Manchester Road, Burnley, Lancashire, BB11 1JG.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

In respect of service contracts, turnover is recognised when the company obtains the right to consideration.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of net assets acquired arising on the business purchase in 2004. It has been amortised over twenty 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:

Improvements to property
20% on cost
Office equipment
15% on cost
Computer equipment
33% on cost

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
Taxation

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

DOOR4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
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.

1.7
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.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2024
2023
Number
Number
Total
24
25
DOOR4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 6 April 2023 and 5 April 2024
12,000
Amortisation and impairment
At 6 April 2023
11,400
Amortisation charged for the year
600
At 5 April 2024
12,000
Carrying amount
At 5 April 2024
-
0
At 5 April 2023
600
4
Tangible fixed assets
Improvements to property
Office equipment
Computer equipment
Total
£
£
£
£
Cost
At 6 April 2023
3,579
17,748
62,643
83,970
Additions
-
0
1,211
9,770
10,981
At 5 April 2024
3,579
18,959
72,413
94,951
Depreciation and impairment
At 6 April 2023
3,579
10,777
49,596
63,952
Depreciation charged in the year
-
0
1,845
10,069
11,914
At 5 April 2024
3,579
12,622
59,665
75,866
Carrying amount
At 5 April 2024
-
0
6,337
12,748
19,085
At 5 April 2023
-
0
6,971
13,047
20,018
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
247,656
234,006
Other debtors
85,906
49,138
333,562
283,144
DOOR4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
30,000
30,000
Trade creditors
140,100
93,326
Taxation and social security
193,341
157,683
Other creditors
93,142
111,115
456,583
392,124

 

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
62,500
92,500
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
10,000
97
100
97
Ordinary C shares of £1 each
-
3
-
3
10,000
100
100
100
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
25,212
51,570
2024-04-052023-04-06false30 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityS D DwyerS D DwyerL S Calverleyfalsefalse046614802023-04-062024-04-05046614802024-04-0504661480bus:CompanySecretaryDirector12023-04-062024-04-0504661480bus:Director12023-04-062024-04-0504661480bus:CompanySecretary12023-04-062024-04-0504661480bus:Director22023-04-062024-04-0504661480bus:RegisteredOffice2023-04-062024-04-05046614802023-04-0504661480core:Goodwill2024-04-0504661480core:Goodwill2023-04-0504661480core:LeaseholdImprovements2024-04-0504661480core:PlantMachinery2024-04-0504661480core:ComputerEquipment2024-04-0504661480core:LeaseholdImprovements2023-04-0504661480core:PlantMachinery2023-04-0504661480core:ComputerEquipment2023-04-0504661480core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-0504661480core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-0504661480core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-0504661480core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-0504661480core:CurrentFinancialInstruments2024-04-0504661480core:CurrentFinancialInstruments2023-04-0504661480core:ShareCapital2024-04-0504661480core:ShareCapital2023-04-0504661480core:RetainedEarningsAccumulatedLosses2024-04-0504661480core:RetainedEarningsAccumulatedLosses2023-04-0504661480core:ShareCapitalOrdinaryShares2024-04-0504661480core:ShareCapitalOrdinaryShares2023-04-0504661480core:Goodwill2023-04-062024-04-0504661480core:LeaseholdImprovements2023-04-062024-04-0504661480core:PlantMachinery2023-04-062024-04-0504661480core:ComputerEquipment2023-04-062024-04-05046614802022-04-062023-04-0504661480core:Goodwill2023-04-0504661480core:LeaseholdImprovements2023-04-0504661480core:PlantMachinery2023-04-0504661480core:ComputerEquipment2023-04-05046614802023-04-0504661480core:WithinOneYear2024-04-0504661480core:WithinOneYear2023-04-0504661480core:Non-currentFinancialInstruments2024-04-0504661480core:Non-currentFinancialInstruments2023-04-0504661480bus:PrivateLimitedCompanyLtd2023-04-062024-04-0504661480bus:SmallCompaniesRegimeForAccounts2023-04-062024-04-0504661480bus:FRS1022023-04-062024-04-0504661480bus:AuditExemptWithAccountantsReport2023-04-062024-04-0504661480bus:FullAccounts2023-04-062024-04-05xbrli:purexbrli:sharesiso4217:GBP