Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05252501 Mr N Jordan Mr S Olley Mrs D Jordan Mr S Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05252501 2023-10-31 05252501 2024-10-31 05252501 2023-11-01 2024-10-31 05252501 frs-core:CurrentFinancialInstruments 2024-10-31 05252501 frs-core:Non-currentFinancialInstruments 2024-10-31 05252501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 05252501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05252501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 05252501 frs-core:ShareCapital 2024-10-31 05252501 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05252501 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05252501 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05252501 frs-bus:SmallEntities 2023-11-01 2024-10-31 05252501 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05252501 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05252501 frs-bus:Director1 2023-11-01 2024-10-31 05252501 frs-bus:Director1 2023-10-31 05252501 frs-bus:Director1 2024-10-31 05252501 frs-bus:Director2 2023-11-01 2024-10-31 05252501 frs-bus:Director3 2023-11-01 2024-10-31 05252501 frs-bus:Director4 2023-11-01 2024-10-31 05252501 frs-bus:Director4 2023-10-31 05252501 frs-bus:Director4 2024-10-31 05252501 frs-countries:EnglandWales 2023-11-01 2024-10-31 05252501 2022-10-31 05252501 2023-10-31 05252501 2022-11-01 2023-10-31 05252501 frs-core:CurrentFinancialInstruments 2023-10-31 05252501 frs-core:Non-currentFinancialInstruments 2023-10-31 05252501 frs-core:ShareCapital 2023-10-31 05252501 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05252501
4 Way Refrigeration Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05252501
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,226 16,226
16,226 16,226
CURRENT ASSETS
Debtors 5 291,920 290,528
Cash at bank and in hand 1,772 1,087
293,692 291,615
Creditors: Amounts Falling Due Within One Year 6 (298,452 ) (274,395 )
NET CURRENT ASSETS (LIABILITIES) (4,760 ) 17,220
TOTAL ASSETS LESS CURRENT LIABILITIES 11,466 33,446
Creditors: Amounts Falling Due After More Than One Year 7 (10,799 ) (28,800 )
NET ASSETS 667 4,646
CAPITAL AND RESERVES
Called up share capital 8 4,005 4,005
Profit and Loss Account (3,338 ) 641
SHAREHOLDERS' FUNDS 667 4,646
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Jordan
Director
9 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
4 Way Refrigeration Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05252501 . The registered office is Unit 3, Bergen Way, North Lynn Industrial Estate, King's Lynn, Norfolk, PE30 2JG.  The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
...CONTINUED
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2.6. Financial Instruments - continued
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 3)
- 3
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 November 2023 16,226
As at 31 October 2024 16,226
Net Book Value
As at 31 October 2024 16,226
As at 1 November 2023 16,226
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 291,920 290,528
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 162 117
Bank loans and overdrafts 18,000 18,189
Other creditors 172,115 130,745
Taxation and social security 108,175 125,344
298,452 274,395
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,799 28,800
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,005 4,005
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Neil Jordan - 452 - - 452
Mr Stephen Simpson - 452 - - 452
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