2024-03-01 05646996 2025-02-28 05646996 2024-03-01 2025-02-28 05646996 2024-02-29 05646996 2023-03-01 2024-02-29 05646996 uk-core:WithinOneYear 2024-02-29 05646996 uk-core:WithinOneYear 2025-02-28 05646996 uk-core:AfterOneYear 2024-02-29 05646996 uk-core:AfterOneYear 2025-02-28 05646996 uk-core:ShareCapital 2025-02-28 05646996 uk-core:ShareCapital 2024-02-29 05646996 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 05646996 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 05646996 uk-bus:Director1 2024-03-01 2025-02-28 05646996 uk-core:PlantMachinery 2024-03-01 2025-02-28 05646996 uk-core:AfterOneYear uk-core:Secured 2025-02-28 05646996 uk-core:AfterOneYear uk-core:Secured 2024-02-29 iso4217:GBP xbrli:pure 05646996 uk-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05646996 uk-bus:FRS102 2024-03-01 2025-02-28 05646996 uk-bus:FilletedAccounts 2024-03-01 2025-02-28 05646996 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28
4 x Forty One Limited
Registered Number:05646996
For the year ended 28 February 2025
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 28 February 2025
4 x Forty One Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05646996
As at 28 February 2025
4 x Forty One Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
3,122
3,672
2
3,122
3,672
Current assets
Inventories
42,398
30,291
3
10,423
Cash and cash equivalents
3,095
33,386
52,821
Trade and other payables: amounts falling due within one
year
(4,051)
(3,881)
4
48,770
29,505
Net current assets
Total assets less current liabilities
32,627
52,442
Trade and other payables: amounts falling due after more
than one year
(111,378)
(91,246)
5
(58,619)
Net liabilities
(58,936)
Capital and reserves
Called up share capital
100
100
Retained earnings
(58,719)
(59,036)
(58,619)
(58,936)
Shareholders' funds
For the year ended 28 February 2025 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 of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Raymond H Binks Director
These financial statements were approved and authorised for issue by the Board on 29 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2025
4 x Forty One Limited
Notes to the Financial Statements
Statutory Information
4 x Forty One Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05646996.
Registered address:
C/O Lofthouse & Co
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15 Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 28 February 2025
4 x Forty One Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 March 2024
14,095
At 28 February 2025
14,095
Provision for depreciation and impairment
At 01 March 2024
10,423
Charge for year
550
At 28 February 2025
10,973
At 28 February 2025
Net book value
3,122
At 29 February 2024
3,672
Land & Buildings revaluation carried out 25 August 2021.
3. Inventories
2024
2025
£
£
Stocks
30,291
42,398
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
(2)
1,609
Taxation and social security
1,333
1,292
Other creditors
2,550
1,150
3,881
4,051
3 of 4
6
For the year ended 28 February 2025
4 x Forty One Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
18,667
21,667
Other creditors
72,579
89,711
91,246
111,378
6. Average number of persons employed
During the year the average number of employees was 0 (2024 : 2)
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