Registered number
06434271
THE4OC Limited
Unaudited Filleted Accounts
30 April 2024
THE4OC Limited
Registered number: 06434271
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,904 79,037
Current assets
Debtors 4 1,522,752 699,653
Cash at bank and in hand 594,344 965,172
2,117,096 1,664,825
Creditors: amounts falling due within one year 5 (1,265,131) (854,580)
Net current assets 851,965 810,245
Total assets less current liabilities 925,869 889,282
Creditors: amounts falling due after more than one year 6 (66,290) (143,276)
Net assets 859,579 746,006
Capital and reserves
Called up share capital 12 12
Profit and loss account 859,567 745,994
Shareholders' funds 859,579 746,006
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Marray
Director
Approved by the board on 29 January 2025
THE4OC Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 to 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 23
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 167,163
Additions 27,140
At 30 April 2024 194,303
Depreciation
At 1 May 2023 88,126
Charge for the year 32,273
At 30 April 2024 120,399
Net book value
At 30 April 2024 73,904
At 30 April 2023 79,037
4 Debtors 2024 2023
£ £
Trade debtors 1,346,224 630,958
Deferred tax asset 101,091 -
Other debtors 75,437 68,695
1,522,752 699,653
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 70,958 184,188
Director's loan account 637 637
Trade creditors 474,495 283,003
Amounts owed to group undertakings and undertakings in which the company has a participating interest 54,336 -
Taxation and social security costs 427,692 384,565
Other creditors 237,013 2,187
1,265,131 854,580
Included within bank loans is a COVID Business Interruption Loan of £70,958 (2023: £184,188),
100% guaranteed by the government.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 66,290 143,276
Included within bank loans is a COVID Business Interruption Loan of £66,290 (2023: £143,276),
100% guaranteed by the government.
7 Other information
THE4OC Limited is a private company limited by shares and incorporated in England. Its registered office is:
Studio D The Taper Building
175 Long Lane
London
SE1 4GT
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