Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseGraphic design company1711truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03551691 2023-05-01 2024-04-30 03551691 2022-05-01 2023-04-30 03551691 2024-04-30 03551691 2023-04-30 03551691 c:Director1 2023-05-01 2024-04-30 03551691 d:FurnitureFittings 2023-05-01 2024-04-30 03551691 d:FurnitureFittings 2024-04-30 03551691 d:FurnitureFittings 2023-04-30 03551691 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03551691 d:OfficeEquipment 2023-05-01 2024-04-30 03551691 d:OfficeEquipment 2024-04-30 03551691 d:OfficeEquipment 2023-04-30 03551691 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03551691 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03551691 d:CurrentFinancialInstruments 2024-04-30 03551691 d:CurrentFinancialInstruments 2023-04-30 03551691 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03551691 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03551691 d:ShareCapital 2024-04-30 03551691 d:ShareCapital 2023-04-30 03551691 d:SharePremium 2024-04-30 03551691 d:SharePremium 2023-04-30 03551691 d:RetainedEarningsAccumulatedLosses 2024-04-30 03551691 d:RetainedEarningsAccumulatedLosses 2023-04-30 03551691 c:FRS102 2023-05-01 2024-04-30 03551691 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03551691 c:FullAccounts 2023-05-01 2024-04-30 03551691 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03551691 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 03551691












FOUR HUNDRED COMMUNICATIONS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 30 APRIL 2024



















 


img3e4b.png
01483 755 399
hamlyns.com

 
FOUR HUNDRED COMMUNICATIONS LIMITED
REGISTERED NUMBER: 03551691

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,520
17,330

  
16,520
17,330

Current assets
  

Debtors: amounts falling due within one year
 5 
262,267
271,212

Cash at bank and in hand
 6 
310
104,021

  
262,577
375,233

Creditors: amounts falling due within one year
 7 
(123,874)
(235,833)

Net current assets
  
 
 
138,703
 
 
139,400

Total assets less current liabilities
  
155,223
156,730

Provisions for liabilities
  

Deferred tax
  
(3,902)
(3,962)

  
 
 
(3,902)
 
 
(3,962)

Net assets
  
151,321
152,768


Capital and reserves
  

Called up share capital 
  
12
12

Share premium account
  
855
855

Profit and loss account
  
150,454
151,901

  
151,321
152,768


Page 1

 
FOUR HUNDRED COMMUNICATIONS LIMITED
REGISTERED NUMBER: 03551691

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2024.




___________________________
Paul Dennis
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Four Hundred Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 03551691. 
The registered office is Green Gables, Kingston Road, Lewes, East Sussex, England, BN7 3ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
711,721
616,369

Social security costs
72,999
64,526

Cost of defined contribution scheme
15,706
13,111

800,426
694,006


The average monthly number of employees, including directors, during the year was 17 (2023 - 11).

Page 6

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
30,479
37,647
68,126


Additions
-
6,748
6,748



At 30 April 2024

30,479
44,395
74,874



Depreciation


At 1 May 2023
29,447
21,351
50,798


Charge for the year on owned assets
258
7,298
7,556



At 30 April 2024

29,705
28,649
58,354



Net book value



At 30 April 2024
774
15,746
16,520



At 30 April 2023
1,033
16,297
17,330

Page 7

 
FOUR HUNDRED COMMUNICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
126,207
135,174

Amounts owed by joint ventures and associated undertakings
131,564
131,564

Other debtors
269
269

Prepayments and accrued income
4,227
4,205

262,267
271,212



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
310
104,021

Less: bank overdrafts
(18,911)
-

(18,601)
104,021



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
18,911
-

Bank loans
-
35,537

Trade creditors
21,962
28,765

Corporation tax
17,048
13,513

Other taxation and social security
26,060
35,639

Other creditors
16,626
58,307

Accruals and deferred income
23,267
64,072

123,874
235,833



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £15,706 (2023 - £13,111).
There were contributions payable at the balance sheet date of £4,029 (2023 - £5,818).


9.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


Page 8