FOUR STAGES FINANCE LIMITED


Director	COLE, Spencer John


Company Secretary	PAGE, Tammy Marie


Registered Address	4 Regent Street
	Teignmouth
	TQ14 8SW


Registered Number	07306487 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		633,355		423,762
Tangible assets	4		51,689		4,261
			685,044		428,023
Current assets
Debtors	5	161,077		313,267
Cash at bank and on hand		228,336		126,763
		389,413		440,030
Creditors amounts falling due within one year	6	(453,454)		(85,339)
Net current assets (liabilities)			(64,041)		354,691
Total assets less current liabilities			621,003		782,714
Creditors amounts falling due after one year	7		(960,765)		(379,983)
Net assets			(339,762)		402,731
Capital and reserves
Called up share capital			2		2
Profit and loss account			(339,764)		402,729
Shareholders' funds			(339,762)		402,731

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 March 2026, and are signed on its behalf by:

COLE, Spencer John
Director
Registered Company No. 07306487

FOUR STAGES FINANCE LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements. Based on these forecasts and the ongoing profitability of the business, the director has a reasonable expectation that the company has adequate resources to continue in operational existence. Accordingly, the financial statements have been prepared on a going concern basis.

Going concern

The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements.

Based on these forecasts and the ongoing profitability of the business, the director has a reasonable expectation that the company has adequate resources to continue in operational existence.

Accordingly, the financial statements have been prepared on a going concern basis.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		17

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 24	800,253	800,253
Additions	315,000	315,000
At 31 July 25	1,115,253	1,115,253
Amortisation and impairment
At 01 August 24	376,491	376,491
Charge for year	105,407	105,407
At 31 July 25	481,898	481,898
Net book value
At 31 July 25	633,355	633,355
At 31 July 24	423,762	423,762

4.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 August 24	-	14,599	14,599
Additions	48,493	-	48,493
At 31 July 25	48,493	14,599	63,092
Depreciation and impairment
At 01 August 24	-	10,338	10,338
Charge for year	-	1,065	1,065
At 31 July 25	-	11,403	11,403
Net book value
At 31 July 25	48,493	3,196	51,689
At 31 July 24	-	4,261	4,261

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	161,077	313,267
Total	161,077	313,267

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	80,000	-
Bank borrowings and overdrafts	11,274	837
Taxation and social security	77,923	81,773
Other creditors	281,257	1,694
Accrued liabilities and deferred income	3,000	1,035
Total	453,454	85,339

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	19,855
Other creditors	960,765	360,128
Total	960,765	379,983

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
COLE, Spencer John	181,748	161,077	181,748	161,077
	181,748	161,077	181,748	161,077

9.	Share capital
	During the year, the company completed a purchase of its own shares for consideration of £730,000.00, funded by external bank borrowing as part of a shareholder exit. The transaction resulted in a reduction in shareholders funds, and the company reports a deficit on retained earnings at the balance sheet date.