Company registration number SC499452 (Scotland)
FOURM LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FOURM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 9
FOURM LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
31 October 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
38,290
Investments
5
51
51
51
38,341
Current assets
Stocks
-
141,720
Debtors
6
3
348,526
Cash at bank and in hand
-
0
85,122
3
575,368
Creditors: amounts falling due within one year
7
(51)
(324,571)
Net current (liabilities)/assets
(48)
250,797
Total assets less current liabilities
3
289,138
Provisions for liabilities
-
0
(9,284)
Net assets
3
279,854
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
-
0
279,851
Total equity
3
279,854

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
Mr S Knight
Director
Company registration number SC499452 (Scotland)
FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

FourM Limited is a private company limited by shares incorporated in Scotland. The registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, Scotland, DD5 1NB.

On 1st November 2024 the company was acquired by BK Plus Limited, at which point the trade was hived up into its parent company, the company then becoming dormant.

1.1
Reporting period

The accounting period has been shortened to align with the financial period end of the group. The current period is for a 5 month period with the comparative figures reported being for a 6 month period, and are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Turnover

Revenue for services represents the fair value of services provided during the year on work carried out for clients. Fair value represents the amount expected to be recoverable from clients and is based on the time spent, expertise and skills provided and expenses incurred. Fee income is stated net of Value Added Tax.

Services provided to clients during the year which, by the balance sheet date, has not been invoiced to clients, has been recognised as fee income in accordance with Section 23 of FRS 102. Fee income recognised in this manner is based on an assessment of the fair value of the services provided by the balance sheet date as a proportion of the total value of the engagement.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is between 3 and 10 years. Goodwill is fully amortised at the end of the period.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Stocks

Work in progress

Services provided to clients during the year which, by the balance sheet date, has not been invoiced to clients, has been recognised as fee income in accordance with Section 23 of FRS 102. Fee income recognised in this manner is based on an assessment of the fair value of the services provided by the balance sheet date as a proportion of the total value of the engagement.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
0
36
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024
902,906
Disposals
(902,906)
At 31 March 2025
-
0
Amortisation and impairment
At 1 November 2024
902,906
Disposals
(902,906)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 October 2024
-
0
FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
205,232
Disposals
(205,232)
At 31 March 2025
-
0
Depreciation and impairment
At 1 November 2024
166,942
Eliminated in respect of disposals
(166,942)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 October 2024
38,290
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
51
51
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
266,932
Amounts owed by group undertakings
3
12,200
Other debtors
-
0
69,394
3
348,526
FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
27,483
Amounts owed to group undertakings
51
-
0
Corporation tax
-
0
98,690
Other taxation and social security
-
0
113,570
Other creditors
-
0
84,828
51
324,571
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Other
This is the first year audit engagement and as such, the comparative figures are unaudited, and we provide no assurance over them. Sufficient opening balance work has been performed to enable an unqualified opinion over the current year figures.
Senior Statutory Auditor:
David Jonathan Hanby FCCA
Statutory Auditor:
Langard Lifford Hall Limited
Date of audit report:
31 March 2026
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
-
0
-
0

There are no lease commitments at the end of the period, any leases being transferred to BK Plus Limited on hive up.

FOURM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 9 -
10
Related party transactions

The company has taken advantage of the exemption available under section 33.1A of FRS102 from disclosing related party transactions and balances with other companies that are wholly owned as part of the group.

11
Parent company

Following the acquisition of the company on 1st November 2024, t he parent company of FourM Limited is BK Plus L imite d and its registered office is Azzurri House, Walsall Road, Aldridge, Walsall, England, WS9 0RB.

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
Project Crown Topco Limited
Smallest group
Project Crown Topco Limited

Consolidated accounts are available from the registered office, Azzurri House, Walsall Road, Aldridge, Walsall, England, WS9 0RB.

2025-03-31 2024-11-01 false false false 31 March 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr I Gould S Knight Graham McLelland Iain McBride Miss Karen Henderson Morag Davie Mr Edward Hill SC499452 2024-11-01 2025-03-31 SC499452 2025-03-31 SC499452 2024-10-31 SC499452 core:OtherPropertyPlantEquipment 2025-03-31 SC499452 core:OtherPropertyPlantEquipment 2024-10-31 SC499452 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC499452 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 SC499452 core:WithinOneYear 2025-03-31 SC499452 core:WithinOneYear 2024-10-31 SC499452 core:CurrentFinancialInstruments 2025-03-31 SC499452 core:CurrentFinancialInstruments 2024-10-31 SC499452 core:ShareCapital 2025-03-31 SC499452 core:ShareCapital 2024-10-31 SC499452 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC499452 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC499452 bus:Director2 2024-11-01 2025-03-31 SC499452 core:Goodwill 2024-11-01 2025-03-31 SC499452 core:ComputerEquipment 2024-11-01 2025-03-31 SC499452 2024-05-01 2024-10-31 SC499452 core:NetGoodwill 2024-10-31 SC499452 core:NetGoodwill 2025-03-31 SC499452 core:NetGoodwill 2024-11-01 2025-03-31 SC499452 core:NetGoodwill 2024-10-31 SC499452 core:OtherPropertyPlantEquipment 2024-10-31 SC499452 core:OtherPropertyPlantEquipment 2024-11-01 2025-03-31 SC499452 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-03-31 SC499452 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-03-31 SC499452 bus:FRS102 2024-11-01 2025-03-31 SC499452 bus:Audited 2024-11-01 2025-03-31 SC499452 bus:Director1 2024-11-01 2025-03-31 SC499452 bus:Director3 2024-11-01 2025-03-31 SC499452 bus:Director4 2024-11-01 2025-03-31 SC499452 bus:Director5 2024-11-01 2025-03-31 SC499452 bus:Director6 2024-11-01 2025-03-31 SC499452 bus:Director7 2024-11-01 2025-03-31 SC499452 bus:FullAccounts 2024-11-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP