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Registration number: 06212094

4i Solutions Limited

trading as 4i Solutions

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

4i Solutions Limited

trading as 4i Solutions

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

4i Solutions Limited

trading as 4i Solutions

Company Information

Directors

Simon Davies

Nicholas Joslyn

Stephen Welch

Registered office

9 Hare & Billet Road
Blackheath
SE3 0RB

Accountants

Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 0RB

 

4i Solutions Limited

trading as 4i Solutions

(Registration number: 06212094)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

46,554

4,549

Current assets

 

Debtors

6

594,814

418,042

Cash at bank and in hand

 

96,807

135,529

 

691,621

553,571

Creditors: Amounts falling due within one year

7

(379,219)

(282,651)

Net current assets

 

312,402

270,920

Total assets less current liabilities

 

358,956

275,469

Provisions for liabilities

(11,638)

(1,137)

Net assets

 

347,318

274,332

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

347,218

274,232

Shareholders' funds

 

347,318

274,332

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

4i Solutions Limited

trading as 4i Solutions

(Registration number: 06212094)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................

Nicholas Joslyn
Director

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

The principal place of business is:
A108
The Fuel Tank
8-12 Creekside
Deptford
London
SE8 3DX

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and is recognised when the service is delivered. If the work straddles the year end it is apportioned on a pro-rata basis.

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% per annum of cost

Office equipment

20% per annum of cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 8).

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

127,138

70,456

Deferred taxation

Arising from origination and reversal of timing differences

10,501

361

Tax expense in the income statement

137,639

70,817

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

10,163

-

10,163

Additions

1,556

53,490

55,046

At 30 April 2024

11,719

53,490

65,209

Depreciation

At 1 May 2023

5,614

-

5,614

Charge for the year

2,343

10,698

13,041

At 30 April 2024

7,957

10,698

18,655

Carrying amount

At 30 April 2024

3,762

42,792

46,554

At 30 April 2023

4,549

-

4,549

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

441,188

243,960

Prepayments

23,357

16,026

Other debtors

130,269

158,056

 

594,814

418,042

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

115,152

55,212

Taxation and social security

216,180

176,430

Accruals and deferred income

16,101

45,143

Other creditors

31,786

5,866

379,219

282,651

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

3,835

38

3,835

38

A Ordinary of £0.01 each

665

7

665

7

B Ordinary of £0.01 each

3,835

38

3,835

38

C Ordinary of £0.01 each

665

7

665

7

D Ordinary of £0.01 each

1,000

10

1,000

10

10,000

100

10,000

100

 

4i Solutions Limited

trading as 4i Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

37,710

26,188

10

Deferred tax and other provisions

Deferred tax
£

Total
£

At 1 May 2023

1,137

1,137

Increase (decrease) in existing provisions

10,501

10,501

At 30 April 2024

11,638

11,638

Deferred tax has arisen on the timimg of tax relief given on the purchase of fixed assets being in advance of when the depreciation of these assets is recognised in the profit and loss account.

11

Dividends

Interim dividends paid

 

2024
£

2023
£

Interim dividend of £27 (2023 - £32) per each Ordinary share

103,125

121,662

Interim dividend of £18 (2023 - £17) per each A Ordinary share

11,953

11,163

Interim dividend of £25 (2023 - £32) per each B Ordinary share

95,625

123,310

Interim dividend of £18 (2023 - £17) per each C Ordinary share

11,953

11,163

Interim dividend of £104 (2023 - £9) per each D Ordinary share

103,594

8,633

 

326,250

275,931