Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05999871 Mr James Springett Mr Robert Springett Mr Sidney Springett false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05999871 2023-12-31 05999871 2024-12-31 05999871 2024-01-01 2024-12-31 05999871 frs-core:CurrentFinancialInstruments 2024-12-31 05999871 frs-core:Non-currentFinancialInstruments 2024-12-31 05999871 frs-core:FurnitureFittings 2024-12-31 05999871 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05999871 frs-core:FurnitureFittings 2023-12-31 05999871 frs-core:MotorVehicles 2024-12-31 05999871 frs-core:MotorVehicles 2024-01-01 2024-12-31 05999871 frs-core:MotorVehicles 2023-12-31 05999871 frs-core:PlantMachinery 2024-12-31 05999871 frs-core:PlantMachinery 2024-01-01 2024-12-31 05999871 frs-core:PlantMachinery 2023-12-31 05999871 frs-core:ShareCapital 2024-12-31 05999871 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05999871 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05999871 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05999871 frs-bus:SmallEntities 2024-01-01 2024-12-31 05999871 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05999871 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05999871 1 2024-01-01 2024-12-31 05999871 frs-bus:Director1 2024-01-01 2024-12-31 05999871 frs-bus:Director2 2024-01-01 2024-12-31 05999871 frs-bus:Director3 2024-01-01 2024-12-31 05999871 frs-countries:EnglandWales 2024-01-01 2024-12-31 05999871 2022-12-31 05999871 2023-12-31 05999871 2023-01-01 2023-12-31 05999871 frs-core:CurrentFinancialInstruments 2023-12-31 05999871 frs-core:Non-currentFinancialInstruments 2023-12-31 05999871 frs-core:ShareCapital 2023-12-31 05999871 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05999871
Fourways Trading (Essex) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05999871
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,774 43,228
44,774 43,228
CURRENT ASSETS
Stocks 5 38,793 41,362
Debtors 6 3,428 22,867
Cash at bank and in hand 23,349 9,800
65,570 74,029
Creditors: Amounts Falling Due Within One Year 7 (59,020 ) (98,472 )
NET CURRENT ASSETS (LIABILITIES) 6,550 (24,443 )
TOTAL ASSETS LESS CURRENT LIABILITIES 51,324 18,785
Creditors: Amounts Falling Due After More Than One Year 8 (2,819 ) (12,819 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (4,294 ) (3,751 )
NET ASSETS 44,211 2,215
CAPITAL AND RESERVES
Called up share capital 11 315 315
Profit and Loss Account 43,896 1,900
SHAREHOLDERS' FUNDS 44,211 2,215
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Page 2
For the year ending 31 December 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
Mr James Springett
Director
Mr Robert Springett
Director
4th April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fourways Trading (Essex) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05999871 . The registered office is Fourways Farm Fourways Farm, Barnhall Road, Tolleshunt Knights, Maldon, CM9 8HF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 217,349 10,126 736 228,211
Additions 17,000 - - 17,000
Disposals (13,000 ) - - (13,000 )
As at 31 December 2024 221,349 10,126 736 232,211
Depreciation
As at 1 January 2024 175,124 9,712 147 184,983
Provided during the period 10,993 83 118 11,194
Disposals (8,740 ) - - (8,740 )
As at 31 December 2024 177,377 9,795 265 187,437
Net Book Value
As at 31 December 2024 43,972 331 471 44,774
As at 1 January 2024 42,225 414 589 43,228
5. Stocks
2024 2023
£ £
Stock 38,793 41,362
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,501 18,040
Prepayments and accrued income 927 4,827
3,428 22,867
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,607 25,130
Bank loans and overdrafts 10,000 10,000
Corporation tax 17,697 43,375
Other taxes and social security 1,284 998
VAT 3,766 11,531
Accruals and deferred income 1,020 1,020
Company Credit Card 1,089 5,724
Directors' loan accounts 557 694
59,020 98,472
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan (+1yr) 2,819 12,819
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,294 3,751
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 315 315
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
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13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 26,400 135,340
14. Controlling Party
The company's controlling party is held equally by Mr Sidney Springett, Mr James Springett and Mr Robert Springett by virtue of their equal ownership of the issued share capital in the company.
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