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FOUR STAGES FINANCE LIMITED

Registered Number
07306487
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

FOUR STAGES FINANCE LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

COLE, Simon John
COLE, Spencer John

Company Secretary

COLE, Chrysten Elizabeth

Registered Address

4 Regent Street
Teignmouth
TQ14 8SW

Registered Number

07306487 (England and Wales)
FOUR STAGES FINANCE LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3423,762496,994
Tangible assets44,2613,435
428,023500,429
Current assets
Debtors5,6313,267263,883
Cash at bank and on hand126,459159,724
439,726423,607
Creditors amounts falling due within one year7(85,392)(82,403)
Net current assets (liabilities)354,334341,204
Total assets less current liabilities782,357841,633
Creditors amounts falling due after one year8(379,983)(474,646)
Net assets402,374366,987
Capital and reserves
Called up share capital22
Profit and loss account402,372366,985
Shareholders' funds402,374366,987
The financial statements were approved and authorised for issue by the Board of Directors on 20 December 2024, and are signed on its behalf by:
COLE, Simon John
Director
COLE, Spencer John
Director

Registered Company No. 07306487
FOUR STAGES FINANCE LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year1720
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 23779,453779,453
Additions20,80020,800
At 31 July 24800,253800,253
Amortisation and impairment
At 01 August 23282,459282,459
Charge for year94,03294,032
At 31 July 24376,491376,491
Net book value
At 31 July 24423,762423,762
At 31 July 23496,994496,994
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 2312,47112,471
Additions2,1282,128
At 31 July 2414,59914,599
Depreciation and impairment
At 01 August 239,0369,036
Charge for year1,3021,302
At 31 July 2410,33810,338
Net book value
At 31 July 244,2614,261
At 31 July 233,4353,435
5.Debtors: amounts due within one year

2024

2023

££
Other debtors313,267263,883
Total313,267263,883
6.Debtors: amounts due after one year
7.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts837260
Taxation and social security81,77380,200
Other creditors1,694908
Accrued liabilities and deferred income1,0881,035
Total85,39282,403
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,85529,852
Other creditors360,128444,794
Total379,983474,646