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REGISTERED NUMBER: SC329149 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

4MS Network Solutions Limited

4MS Network Solutions Limited (Registered number: SC329149)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

4MS Network Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: H A Mackay
S Murray
L J Murray





REGISTERED OFFICE: Amicable House
252 Union Street
ABERDEEN
AB10 1TN





REGISTERED NUMBER: SC329149 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

4MS Network Solutions Limited (Registered number: SC329149)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 79,269 56,715

CURRENT ASSETS
Debtors 5 1,536,801 1,637,312
Cash at bank 641,077 945,554
2,177,878 2,582,866
CREDITORS
Amounts falling due within one
year

6

(918,436

)

(1,242,904

)
NET CURRENT ASSETS 1,259,442 1,339,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,338,711

1,396,677

PROVISIONS FOR LIABILITIES 8 (6,174 ) (11,206 )
NET ASSETS 1,332,537 1,385,471

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 1,332,497 1,385,431
SHAREHOLDERS' FUNDS 1,332,537 1,385,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

4MS Network Solutions Limited (Registered number: SC329149)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




H A Mackay - Director S Murray - Director




L J Murray - Director


4MS Network Solutions Limited (Registered number: SC329149)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

4MS Network Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods sold and services rendered during the year exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4MS Network Solutions Limited (Registered number: SC329149)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 58,183 30,495 99,720 188,398
Additions 332 - 62,083 62,415
Disposals - - (30,030 ) (30,030 )
At 31 August 2024 58,515 30,495 131,773 220,783
DEPRECIATION
At 1 September 2023 29,308 20,846 81,529 131,683
Charge for year 4,384 2,412 32,765 39,561
Eliminated on disposal - - (29,730 ) (29,730 )
At 31 August 2024 33,692 23,258 84,564 141,514
NET BOOK VALUE
At 31 August 2024 24,823 7,237 47,209 79,269
At 31 August 2023 28,875 9,649 18,191 56,715

4MS Network Solutions Limited (Registered number: SC329149)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 30,495
Transfer to ownership (30,495 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 20,846
Transfer to ownership (20,846 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 9,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,416,547 1,486,259
Directors' loan accounts 1,362 2,622
Tax recoverable 13,300 45,630
Prepayments 43,911 43,773
Other Debtor 54,101 51,448
SSAS Loan 7,580 7,580
1,536,801 1,637,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 7)
-

9,040
Trade creditors 523,936 903,225
PAYE 38,752 37,994
VAT 115,199 117,653
Deferred income 135,809 65,267
Accruals 104,740 109,725
918,436 1,242,904

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year - 9,040

4MS Network Solutions Limited (Registered number: SC329149)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 70,150 67,750
Between one and five years 280,600 271,000
350,750 338,750

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 6,174 11,206

Deferred
tax
£   
Balance at 1 September 2023 11,206
Provided during year (5,032 )
Balance at 31 August 2024 6,174

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
H A Mackay
Balance outstanding at start of year 1,311 -
Amounts advanced - 1,311
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,311 1,311

S Murray
Balance outstanding at start of year 1,311 -
Amounts advanced - 1,311
Amounts repaid (1,260 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51 1,311

Advances and repayments during the year have been summarised. The above loan is unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their 53% shareholding in the holding company.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
4MS Network Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 4MS Network Solutions Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of 4MS Network Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4MS Network Solutions Limited and state those matters that we have agreed to state to the Board of Directors of 4MS Network Solutions Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 4MS Network Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 4MS Network Solutions Limited. You consider that 4MS Network Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 4MS Network Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


15 April 2025