REGISTERED NUMBER: 06000587 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FOURWALLS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O R Turgoose

SECRETARY:

Ms S E Turgoose

REGISTERED OFFICE:

Office 3F1, Building B

Watchmoor Park

Riverside Way

Camberley

Surrey

GU15 3YL

REGISTERED NUMBER:

06000587 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

3

209,718

218,440

Tangible assets

4

111,525

26,954

Investments

5

253,194

250,923

574,437

496,317

CURRENT ASSETS

Debtors

6

389,350

298,718

Cash at bank and in hand

38,190

140,001

427,540

438,719

CREDITORS

Amounts falling due within one year

7

552,655

547,604

NET CURRENT LIABILITIES

(125,115

)

(108,885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

449,322

387,432

CREDITORS

Amounts falling due after more than one year

8

107,042

63,921

NET ASSETS

342,280

323,511

CAPITAL AND RESERVES

Called up share capital

53,445

53,445

Other reserves

46,555

46,555

Retained earnings

242,280

223,511

342,280

323,511

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

O R Turgoose - Director

1.	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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% 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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 76 ) .

3.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 January 2024

119,800

249,465

369,265

Additions

-

30,600

30,600

At 31 December 2024

119,800

280,065

399,865

AMORTISATION

At 1 January 2024

87,844

62,981

150,825

Amortisation for year

11,980

27,342

39,322

At 31 December 2024

99,824

90,323

190,147

NET BOOK VALUE

At 31 December 2024

19,976

189,742

209,718

At 31 December 2023

31,956

186,484

218,440

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

130,338

52,464

40,212

9,656

232,670

Additions

108,100

-

-

4,031

112,131

At 31 December 2024

238,438

52,464

40,212

13,687

344,801

DEPRECIATION

At 1 January 2024

124,898

41,319

30,049

9,450

205,716

Charge for year

5,738

11,145

10,051

626

27,560

At 31 December 2024

130,636

52,464

40,100

10,076

233,276

NET BOOK VALUE

At 31 December 2024

107,802

-

112

3,611

111,525

At 31 December 2023

5,440

11,145

10,163

206

26,954

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

250,923

Additions

2,271

At 31 December 2024

253,194

NET BOOK VALUE

At 31 December 2024

253,194

At 31 December 2023

250,923

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

316,554

229,540

Amounts owed by participating interests

2,313

-

Amounts owed by associates

1,677

5,521

Other debtors

14,242

13,595

Accrued Income

11,458

9,117

Prepayments

43,106

40,945

389,350

298,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,192

44,622

Hire purchase contracts

32,387

-

Trade creditors

173,656

84,872

Amounts owed to associates

83,094

131,294

Tax

1,937

-

Social security and other taxes

50,601

51,115

VAT

107,004

108,886

Other creditors

74,384

115,152

Directors' loan accounts

-

1,731

Accrued expenses

3,400

9,932

552,655

547,604

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

13,324

26,346

Bank loans - 2-5 years

-

7,575

Hire purchase contracts

63,718

-

Other creditors

30,000

30,000

107,042

63,921

9.	RELATED PARTY DISCLOSURES

Fourwalls Group Holdings Limited

As at 31 December 2024, Fourwalls Group Holdings Limited owed the company £1,677 (2023: £5,521). The balance is interest free and repayable on demand.

During the year, the company paid management fees of £111,842 (2023: £208,392) to Fourwalls Group Holdings Limited. All transactions were undertaken on a commercial arms length basis.

FPL Outsource Ltd

As at 31 December 2024, the company owed FPL Outsource Ltd £7,956 (2023: £57,707). The balance is interest free and repayable on demand.

Arko London Ltd

As at 31 December 2024, the company owed Arko London Ltd £75,138 (2023: £73,587). The balance is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Fourwalls Group Holdings Ltd.

This was by virtue of 100% holding of the issued share capital.