Registered number
05012771
Fourstage Environmental Limited
Unaudited Filleted Accounts
31 December 2024
David Matthews BA FCA
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
Fourstage Environmental Limited
Registered number: 05012771
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,332 21,982
Current assets
Debtors 4 122,293 111,174
Cash at bank and in hand 43,572 79,014
165,865 190,188
Creditors: amounts falling due within one year 5 (88,831) (93,704)
Net current assets 77,034 96,484
Total assets less current liabilities 106,366 118,466
Creditors: amounts falling due after more than one year 6 (5,548) (16,395)
Provisions for liabilities (1,407) (2,477)
Net assets 99,411 99,594
Capital and reserves
Called up share capital 4 4
Profit and loss account 99,407 99,590
Shareholders' funds 99,411 99,594
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.
B. Berrisford
Director
Approved by the board on 11 February 2025
Fourstage Environmental Limited
Notes to the Accounts
for the year ended 31 December 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:
Office equipment over 4 years
Plant and machinery over 4 years
Motor vehicles over 4 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 11 9
3 Tangible fixed assets
Office equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 48,541 46,298 79,621 174,460
Additions 2,749 - 14,379 17,128
At 31 December 2024 51,290 46,298 94,000 191,588
Depreciation
At 1 January 2024 41,595 45,006 65,877 152,478
Charge for the year 2,423 323 7,032 9,778
At 31 December 2024 44,018 45,329 72,909 162,256
Net book value
At 31 December 2024 7,272 969 21,091 29,332
At 31 December 2023 6,946 1,292 13,744 21,982
4 Debtors 2024 2023
£ £
Trade debtors 122,293 111,174
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,117 9,387
Taxation and social security costs 72,843 79,039
Other creditors 5,871 5,278
88,831 93,704
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,548 16,395
7 Other information
Fourstage Environmental Limited is a private company limited by shares and incorporated in England. Its registered office is:
5a Clapgun Street
Castle Donington
Derbyshire
DE74 2LE
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