IRIS Accounts Production v24.3.0.553 12449393 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124493932023-02-28124493932024-02-29124493932023-03-012024-02-29124493932022-02-28124493932022-03-012023-02-28124493932023-02-2812449393ns15:EnglandWales2023-03-012024-02-2912449393ns14:PoundSterling2023-03-012024-02-2912449393ns10:Director12023-03-012024-02-2912449393ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912449393ns10:SmallEntities2023-03-012024-02-2912449393ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912449393ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912449393ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912449393ns10:FullAccounts2023-03-012024-02-2912449393ns10:OrdinaryShareClass12023-03-012024-02-2912449393ns10:OrdinaryShareClass22023-03-012024-02-2912449393ns10:OrdinaryShareClass32023-03-012024-02-2912449393ns10:OrdinaryShareClass42023-03-012024-02-2912449393ns10:Director22023-03-012024-02-2912449393ns10:RegisteredOffice2023-03-012024-02-2912449393ns5:CurrentFinancialInstruments2024-02-2912449393ns5:CurrentFinancialInstruments2023-02-2812449393ns5:ShareCapital2024-02-2912449393ns5:ShareCapital2023-02-2812449393ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2912449393ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2812449393ns5:RetainedEarningsAccumulatedLosses2024-02-2912449393ns5:RetainedEarningsAccumulatedLosses2023-02-2812449393ns5:FurnitureFittings2023-03-012024-02-2912449393ns5:MotorVehicles2023-03-012024-02-2912449393ns5:ComputerEquipment2023-03-012024-02-2912449393ns5:FurnitureFittings2023-02-2812449393ns5:MotorVehicles2023-02-2812449393ns5:ComputerEquipment2023-02-2812449393ns5:FurnitureFittings2024-02-2912449393ns5:MotorVehicles2024-02-2912449393ns5:ComputerEquipment2024-02-2912449393ns5:FurnitureFittings2023-02-2812449393ns5:MotorVehicles2023-02-2812449393ns5:ComputerEquipment2023-02-2812449393ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912449393ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812449393ns5:AcceleratedTaxDepreciationDeferredTax2024-02-2912449393ns5:AcceleratedTaxDepreciationDeferredTax2023-02-2812449393ns5:DeferredTaxation2023-02-2812449393ns5:DeferredTaxation2023-03-012024-02-2912449393ns5:DeferredTaxation2024-02-2912449393ns10:OrdinaryShareClass12024-02-2912449393ns10:OrdinaryShareClass22024-02-2912449393ns10:OrdinaryShareClass32024-02-2912449393ns10:OrdinaryShareClass42024-02-2912449393ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-28
REGISTERED NUMBER: 12449393 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

4T Limited

4T Limited (Registered number: 12449393)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


4T Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr G H Taylor
Mrs D Taylor





REGISTERED OFFICE: 10 The Lancers
Woodbridge
Suffolk
IP12 4TZ





REGISTERED NUMBER: 12449393 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

4T Limited (Registered number: 12449393)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,997 47,329
Investment property 5 300,000 300,000
336,997 347,329

CURRENT ASSETS
Debtors 6 8,051 449
Cash at bank 148,777 115,551
156,828 116,000
CREDITORS
Amounts falling due within one year 7 198,819 210,876
NET CURRENT LIABILITIES (41,991 ) (94,876 )
TOTAL ASSETS LESS CURRENT LIABILITIES 295,006 252,453

PROVISIONS FOR LIABILITIES 8 16,863 14,780
NET ASSETS 278,143 237,673

CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 10 22,844 24,671
Retained earnings 255,099 212,802
SHAREHOLDERS' FUNDS 278,143 237,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

4T Limited (Registered number: 12449393)

Statement of Financial Position - continued
29 February 2024


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 14 November 2024 and were signed on its behalf by:





Dr G H Taylor - Director


4T Limited (Registered number: 12449393)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

4T 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover from services provided by the company is measured at the fair value of the consideration received or receivable. When the outcome of a transaction can be estimated reliably, turnover from medical services is recognised by reference to the stage of completion as at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & medical equipment - 25% on reducing balance and 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.


4T Limited (Registered number: 12449393)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& medical Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 7,650 43,677 2,107 53,434
Additions - - 1,700 1,700
At 29 February 2024 7,650 43,677 3,807 55,134
DEPRECIATION
At 1 March 2023 2,231 1,820 2,054 6,105
Charge for year 1,541 10,464 27 12,032
At 29 February 2024 3,772 12,284 2,081 18,137
NET BOOK VALUE
At 29 February 2024 3,878 31,393 1,726 36,997
At 28 February 2023 5,419 41,857 53 47,329

4T Limited (Registered number: 12449393)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 300,000
NET BOOK VALUE
At 29 February 2024 300,000
At 28 February 2023 300,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 30,458
Cost 269,542
300,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 269,542 269,542

The investment property was valued on an open market basis on 29 February 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,011 -
Other debtors 1,040 449
8,051 449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,555 2,777
Corporation tax 13,821 5,836
Directors' current accounts 179,693 199,693
Accruals and deferred income 2,750 2,570
198,819 210,876

4T Limited (Registered number: 12449393)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 9,249 8,993
Revalued investment property 7,614 5,787
16,863 14,780

Deferred
tax
£   
Balance at 1 March 2023 14,780
Charge to Income Statement during year 2,083
Balance at 29 February 2024 16,863

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
50 Ordinary D £1 50 50
200 200

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023 24,671
Deferred tax on revaluations (1,827 )

At 29 February 2024 22,844