Company Registration No. 06549590 (England and Wales)
4MA Limited
ANNUAL REPORT AND UNAUDITED ACCOUNTS
for the year ended 31 March 2024
4MA Limited
Company Information
for the year ended 31 March 2024
Company Number
06549590 (England and Wales)
Registered Office
18 Greek Street
Soho
London
Greater London
W1D 4DS
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
4MA Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,471,848
1,471,933
Investment property
900,000
900,000
Cash at bank and in hand
53
405,059
Creditors: amounts falling due within one year
(1,075,694)
(1,143,616)
Net current liabilities
(621,598)
(303,900)
Total assets less current liabilities
1,772,650
2,090,433
Creditors: amounts falling due after more than one year
(652,626)
(857,554)
Provisions for liabilities
Deferred tax
(149,649)
(149,649)
Net assets
970,375
1,083,230
Called up share capital
100
100
Revaluation reserve
637,979
637,979
Profit and loss account
332,296
445,151
Shareholders' funds
970,375
1,083,230
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr Ilir Morina
Director
Company Registration No. 06549590
4MA Limited
Notes to the Accounts
for the year ended 31 March 2024
4MA Limited is a private company, limited by shares, registered in England and Wales, registration number 06549590. The registered office is 18 Greek Street , Soho , London, Greater London, W1D 4DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Other tangible fixed assets
over 5 years
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments 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.
4MA Limited
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The corona-virus had have a significant impact on a large number of businesses including the company. Thus the director is aware of certain material uncertainties which may cast doubt over the company's ability to continue as a going concern.
The director is continually assessing the impact of the corona-virus on its customers and employees. The company operates in construction design and build sector.
A number of measures have been implemented, predominantly surrounding the significant reduction of overheads where possible. The director has prepared detailed cash flow forecasts for the next few months which indicate that the company has adequate cash resources for that period.
After considering the potential impact of the above, at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the statutory financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
1,488,417
8,000
97,986
1,018
1,595,421
At 31 March 2024
1,488,417
8,000
97,986
1,018
1,595,421
At 1 April 2023
42,870
8,000
72,076
542
123,488
Charge for the year
-
-
-
85
85
At 31 March 2024
42,870
8,000
72,076
627
123,573
At 31 March 2024
1,445,547
-
25,910
391
1,471,848
At 31 March 2023
1,445,547
-
25,910
476
1,471,933
Fair value at 1 April 2023
900,000
The estimated market value of 900,000 was based on a valuation prepared by Draper & Company, on 23rd January 2023. No valuation was carried out in 2024. The Director will perform in valuation for year end accounts ending 2025
6
Investments
Other investments
Valuation at 1 April 2023
22,400
Valuation at 31 March 2024
22,400
4MA Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
420,064
421,811
Accrued income and prepayments
24,038
111
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
211,998
312,184
Trade creditors
185,093
200,239
Amounts owed to group undertakings and other participating interests
57,409
64,912
Taxes and social security
48,550
48,862
Other creditors
568,172
517,419
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
652,626
857,554
Aggregate of amounts that fall due for payment after five years
482,857
482,857
VIDA LOANS - Property: Warple Mews - 482,857 - interest only loan, due to be paid in 20 years, secured against the property.
HSBC Mortgage - Property Upperfairfield: balance @ 2024 - 349,607 - mortgage loan secured against the property at Uperfairfield
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
4MA Limited
Notes to the Accounts
for the year ended 31 March 2024
11
Transactions with related parties
4M Works Ltd (Co. No. 07341221) Company is controlled by Mr Perparim Rama. Loans given to 4M Works Ltd 395,712 (2023: 393,255)
Amount above is due to 4MA Ltd.
Studiorama Ltd (Co. No. 05104112) Company is controlled by Mr Perparim Rama. Loans given to Studiorama Ltd 24,352 (2023: 28,556)
Amount above is due to 4MA Ltd.
Microcemento Ltd (Co. No. 09246204) Company is controlled by Mr Perparim Rama. Loans given to 4MA Ltd 8,266 (2023: 8,701)
Amount above is due by 4MA Ltd.
Non-Linear-Matrix Ltd (Co. No. 05225572) Company is controlled by Mr Perparim Rama. Loans given to 4MA Ltd Ltd 49,143 (2023: 56,210)
Amount above is due by 4MA Ltd.
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Average number of employees
During the year the average number of employees was 1 (2023: 3).