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Registered number: 08255385
Fourways Leicester Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08255385
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,367 1,446
1,367 1,446
CURRENT ASSETS
Stocks 6 146,500 136,600
Debtors 7 6,759 260
Cash at bank and in hand 7,096 9,420
160,355 146,280
Creditors: Amounts Falling Due Within One Year 8 (158,115 ) (146,582 )
NET CURRENT ASSETS (LIABILITIES) 2,240 (302 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,607 1,144
NET ASSETS 3,607 1,144
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,507 1,044
SHAREHOLDERS' FUNDS 3,607 1,144
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
M Tinwala
Director
21st July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fourways Leicester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08255385 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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
Fixtures & Fittings 20% on Cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 7)
9 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 85,254
As at 31 October 2024 85,254
Amortisation
As at 1 November 2023 85,254
As at 31 October 2024 85,254
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 1,000 9,150 10,150
As at 31 October 2024 1,000 9,150 10,150
Depreciation
As at 1 November 2023 - 8,704 8,704
Provided during the period - 79 79
As at 31 October 2024 - 8,783 8,783
Net Book Value
As at 31 October 2024 1,000 367 1,367
As at 1 November 2023 1,000 446 1,446
6. Stocks
2024 2023
£ £
Stock 146,500 136,600
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,500 -
Other debtors 3,500 -
VAT 759 260
6,759 260
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,502 4,573
Bank loans and overdrafts 12,733 13,935
Other taxes and social security 2,040 168
Net wages 6,759 5,599
Other creditors 373 2,469
Accruals and deferred income 1,083 1,613
Directors' loan accounts 115,625 118,225
158,115 146,582
Page 3
Page 4
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Amounts owed to the Directors at the year end was £-115624.70 (2023: £-118224.70)
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Miss Misbah Tinwala (118,225 ) - 2,600 - (115,625 )
The above loan is unsecured, interest free and repayable on demand.
Page 4