REGISTERED NUMBER: 11615003 (England and Wales)

FORTYFORTY1010 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Bevans

D C Bevans

S A Wiles

K Wiles

REGISTERED OFFICE:

Merthyr Road Garage

King Street

Brynmawr

Gwent

NP23 4SU

REGISTERED NUMBER:

11615003 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

10,500

14,000

Tangible assets

5

5,916

5,208

16,416

19,208

CURRENT ASSETS

Stocks

4,066

2,799

Debtors

6

4,725

2,822

Cash at bank and in hand

12,246

16,023

21,037

21,644

CREDITORS

Amounts falling due within one year

7

35,848

39,753

NET CURRENT LIABILITIES

(14,811

)

(18,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,605

1,099

PROVISIONS FOR LIABILITIES

1,124

990

NET ASSETS

481

109

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

381

9

SHAREHOLDERS' FUNDS

481

109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd May 2026 and were signed on its behalf by:

D C Bevans - Director

1.	STATUTORY INFORMATION

Fortyforty1010 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

35,000

AMORTISATION

At 1st November 2024

21,000

Charge for year

3,500

At 31st October 2025

24,500

NET BOOK VALUE

At 31st October 2025

10,500

At 31st October 2024

14,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st November 2024

4,739

4,995

551

10,285

Additions

1,400

-

183

1,583

At 31st October 2025

6,139

4,995

734

11,868

DEPRECIATION

At 1st November 2024

1,607

3,196

274

5,077

Charge for year

353

449

73

875

At 31st October 2025

1,960

3,645

347

5,952

NET BOOK VALUE

At 31st October 2025

4,179

1,350

387

5,916

At 31st October 2024

3,132

1,799

277

5,208

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,314

2,822

Directors' current accounts

2,895

-

Prepayments

516

-

4,725

2,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,004

11,654

Corporation Tax

5,319

3,634

Social security and other taxes

399

485

VAT

7,876

7,873

Other creditors

1,175

802

Directors' current accounts

5,146

13,467

Accrued expenses

1,929

1,838

35,848

39,753

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20

Ordinary B

£1

20

20

80

Ordinary A

£1

80

80

100

100