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Registration number: 04574088

Four Plus 4 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Four Plus 4 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Four Plus 4 Limited

Company Information

Directors

Mr Robert David Biggs

Philip Anthony Delaney

Registered office

Sheepscar Works
Sheepscar Street North
Leeds
West Yorkshire
LS7 2BX

Accountants

Ian Richards & Co (Leeds) Limited Office 23
Burley Hill Business Centre
Burley Hill
Leeds
LS4 2PU

 

Four Plus 4 Limited

(Registration number: 04574088)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,910

8,160

Current assets

 

Stocks

5

64,247

61,949

Debtors

6

76,443

75,717

Cash at bank and in hand

 

164,278

195,114

 

304,968

332,780

Creditors: Amounts falling due within one year

7

(191,660)

(141,282)

Net current assets

 

113,308

191,498

Total assets less current liabilities

 

119,218

199,658

Provisions for liabilities

(704)

(704)

Net assets

 

118,514

198,954

Capital and reserves

 

Called up share capital

8

4

4

Retained earnings

118,510

198,950

Shareholders' funds

 

118,514

198,954

For the financial year ending 30 November 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 and 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.

 

Four Plus 4 Limited

(Registration number: 04574088)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

Mr Robert David Biggs

Director

Philip Anthony Delaney

Director

 

Four Plus 4 Limited

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

1

General information

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

The address of its registered office is:
Sheepscar Works
Sheepscar Street North
Leeds
West Yorkshire
LS7 2BX
United Kingdom

These financial statements were authorised for issue by the Board on 14 April 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.

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.

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 specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

Four Plus 4 Limited

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

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

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Four Plus 4 Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 December 2023

3,308

25,713

16,279

23,699

Disposals

-

-

-

(6,500)

At 30 November 2024

3,308

25,713

16,279

17,199

Depreciation

At 1 December 2023

3,297

24,642

15,358

17,542

Charge for the year

3

271

231

1,470

Eliminated on disposal

-

-

-

(6,225)

At 30 November 2024

3,300

24,913

15,589

12,787

Carrying amount

At 30 November 2024

8

800

690

4,412

At 30 November 2023

11

1,071

921

6,157

 

Four Plus 4 Limited

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

Total
£

Cost or valuation

At 1 December 2023

68,999

Disposals

(6,500)

At 30 November 2024

62,499

Depreciation

At 1 December 2023

60,839

Charge for the year

1,975

Eliminated on disposal

(6,225)

At 30 November 2024

56,589

Carrying amount

At 30 November 2024

5,910

At 30 November 2023

8,160

5

Stocks

2024
£

2023
£

Other inventories

64,247

61,949

 

Four Plus 4 Limited

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

6

debtors

Current

2024
£

2023
£

Trade debtors

50,315

46,968

Prepayments

13,128

15,749

Other debtors

13,000

13,000

 

76,443

75,717

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

81,687

87,225

Taxation and social security

96,578

44,990

Other creditors

13,395

9,067

191,660

141,282

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Orinary shares of £1 each

4

4

4

4