REGISTERED NUMBER: 04910421 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

4TH CORNER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W A Ransom

Mrs A K Ransom

REGISTERED OFFICE:

The Colin Sanders, Innovation Centre

Mewburn Road

Banbury

OX16 9PA

REGISTERED NUMBER:

04910421 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

FIXED ASSETS

Tangible assets

4

303,138

239,786

CURRENT ASSETS

Debtors

5

378,875

413,488

Cash at bank

36,932

16,039

415,807

429,527

CREDITORS

Amounts falling due within one year

6

297,129

325,415

NET CURRENT ASSETS

118,678

104,112

TOTAL ASSETS LESS CURRENT LIABILITIES

421,816

343,898

CREDITORS

Amounts falling due after more than one year

7

(258,058

)

(237,492

)

PROVISIONS FOR LIABILITIES

(65,414

)

(57,454

)

NET ASSETS

98,344

48,952

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

98,244

48,852

SHAREHOLDERS' FUNDS

98,344

48,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

J W A Ransom - Director

Mrs A K Ransom - Director

1.	STATUTORY INFORMATION

4th Corner 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated costs.

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 etc

-

25% on reducing balance and 20% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2025 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

710,429

Additions

145,813

Disposals

(19,183

)

At 28 February 2026

837,059

DEPRECIATION

At 1 March 2025

470,643

Charge for year

75,302

Eliminated on disposal

(12,024

)

At 28 February 2026

533,921

NET BOOK VALUE

At 28 February 2026

303,138

At 28 February 2025

239,786

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

205,702

259,861

Other debtors

150,448

130,902

356,150

390,763

Amounts falling due after more than one year:

Other debtors

22,725

22,725

Aggregate amounts

378,875

413,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

72,573

83,076

Hire purchase contracts (see note 8)

70,398

55,680

Trade creditors

16,593

17,129

Taxation and social security

133,917

159,808

Other creditors

3,648

9,722

297,129

325,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

169,344

185,933

Hire purchase contracts (see note 8)

88,714

51,559

258,058

237,492

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

70,398

55,680

Between one and five years

88,714

51,559

159,112

107,239

Non-cancellable

operating leases

2026

2025

£

£

Within one year

1,974

1,462

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

159,112

107,239

Bank Loans

20,000

30,000

179,112

137,239

HSBC hold a fixed and floating charge over all assets. The floating charge covers all the property or undertaking of the company, dated 7th June 2018. Hire Purchase and Finance Lease liabilities are secured directly over the assets to which they relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Balance outstanding at start of year

130,901

122,337

Amounts advanced

106,831

93,106

Amounts repaid

(87,284

)

(84,542

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of the year

150,448

130,901

The advances were subject to interest at the HMRC approved rate, unsecured and repayable on demand.