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REGISTERED NUMBER: 10837473 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

4 Way Builders Limited

4 Way Builders Limited (Registered number: 10837473)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Chartered accountants' report 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 7


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
4 Way Builders 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 Statement of financial position. 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 4 Way Builders Limited for the year ended 30 September 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 4 Way Builders Limited, as a body, in accordance with the terms of our engagement letter dated 17 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of 4 Way Builders Limited and state those matters that we have agreed to state to the Board of Directors of 4 Way Builders Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 4 Way Builders Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 4 Way Builders 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 loss of 4 Way Builders Limited. You consider that 4 Way Builders 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 4 Way Builders 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.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


30 May 2025

4 Way Builders Limited (Registered number: 10837473)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 631 789

Current assets
Stocks 6 114,329 111,184
Debtors 7 411,484 410,832
Cash at bank 3,242 9,932
529,055 531,948
Creditors
Amounts falling due within one year 8 497,355 458,291
Net current assets 31,700 73,657
Total assets less current liabilities 32,331 74,446

Creditors
Amounts falling due after more than one
year

9

50,340

44,340
Net (liabilities)/assets (18,009 ) 30,106

Capital and reserves
Called up share capital 30 30
Retained earnings (18,039 ) 30,076
(18,009 ) 30,106

4 Way Builders Limited (Registered number: 10837473)

Statement of Financial Position - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





M J Doubleday - Director


4 Way Builders Limited (Registered number: 10837473)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statutory information

4 Way Builders Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10837473

Registered office: Fenland Lodge
Marshland Fen Road
Stow Bridge
Kings Lynn
Norfolk
PE34 3PA

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4 Way Builders Limited (Registered number: 10837473)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Estimation of useful life

The useful economic life used to depreciate tangible fixed assets relates to the expected future
performance of the assets acquired and management's estimate of the period over which economic benefit will be derived from the asset.

Estimation of residual value

The residual value of an asset is the estimated fair value of that asset at the end of its useful
economic life and therefore is also dependent upon the estimation of that life span.Historically, changes to the useful economic life and residual values have not had a material impact on the depreciation amount charged to the profit and loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and condition.

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.

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 statement of financial position date.

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.

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.

Long term contracts
Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the value of the work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. Any amounts by which the turnover exceeds payments on account is shown under debtors as amounts recoverable on contracts.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4 Way Builders Limited (Registered number: 10837473)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 October 2023
and 30 September 2024 1,450
Depreciation
At 1 October 2023 661
Charge for year 158
At 30 September 2024 819
Net book value
At 30 September 2024 631
At 30 September 2023 789

6. Stocks
2024 2023
£    £   
Total stock 114,329 111,184

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts recoverable on contract 408,500 408,500
VAT 216 718
Prepayments 2,768 1,614
411,484 410,832

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 158,645 158,645
Trade creditors 2,561 1,585
Directors' loan accounts 333,061 295,061
Accrued expenses 3,088 3,000
497,355 458,291

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 50,340 44,340

4 Way Builders Limited (Registered number: 10837473)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 158,645 158,645

The bank loan of £158,645 (2023: £158,645) disclosed under creditors falling due within one year is secured by a first legal charge dated 10 March 2021 from 4 Way Builders Limited over the land at the rear of Scotsfield House, Outwell, PE14 9PE.

11. Related party disclosures

During the year the directors made loans to the company. The loans are interest free,, unsecured and repayable on demand. at the year end the balance owed was £333,061 (2023: £295,061).