Registered number
06213762
Fourways 4 Business Ltd
Unaudited Filleted Accounts
30 April 2024
Fourways 4 Business Ltd
Registered number: 06213762
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 95,718 67,280
Cash at bank and in hand 384,692 357,416
480,410 424,696
Creditors: amounts falling due within one year 5 (256,123) (103,102)
Net current assets 224,287 321,594
Total assets less current liabilities 224,287 321,594
Creditors: amounts falling due after more than one year 6 (19,445) (30,478)
Net assets 204,842 291,116
Capital and reserves
Called up share capital 10 10
Profit and loss account 204,832 291,106
Shareholders' funds 204,842 291,116
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.
R Matthews
Director
Approved by the board on 28 January 2025
Fourways 4 Business Ltd
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 9,952
At 30 April 2024 9,952
Depreciation
At 1 May 2023 9,952
At 30 April 2024 9,952
Net book value
At 30 April 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 95,718 67,280
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,370 2,920
Taxation and social security costs 115,573 89,127
Other creditors 139,180 11,055
256,123 103,102
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,445 30,478
7 Controlling party
The company is a 100% owned subsidiary of Teddy Brigade Holdings Limited. Its registered office is: 1a Melbourn Street, Royston, Herts, SG8 7BP.
8 Other information
Fourways 4 Business Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1a Melbourn Street
Royston
Herts
SG8 7BP
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