| Fourwho Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
Development costs are being amortised evenly over their estimated useful life of nil years. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% on cost |
|
Fixtures, fittings, tools and equipment |
20% on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Going concern |
|
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company, including directors |
7 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
|
|
|
|
Goodwill |
App development |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
- |
|
628,600 |
|
628,600 |
|
Additions |
5,000 |
|
25,699 |
|
30,699 |
|
At 31 March 2026 |
5,000 |
|
654,299 |
|
659,299 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
375 |
|
- |
|
375 |
|
At 31 March 2026 |
375 |
|
- |
|
375 |
|
|
|
|
|
|
|
|
|
|
Net book value |
4,625 |
|
654,299 |
|
658,924 |
|
At 31 March 2026 |
|
At 31 March 2025 |
- |
|
628,600 |
|
628,600 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
12,266 |
|
2,146 |
|
14,412 |
|
Additions |
2,000 |
|
- |
|
2,000 |
|
At 31 March 2026 |
14,266 |
|
2,146 |
|
16,412 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
11,551 |
|
2,111 |
|
13,662 |
|
Charge for the year |
840 |
|
5 |
|
845 |
|
At 31 March 2026 |
12,391 |
|
2,116 |
|
14,507 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,875 |
|
30 |
|
1,905 |
|
At 31 March 2025 |
715 |
|
35 |
|
750 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
- |
|
360 |
|
Other debtors |
30 |
|
1,854 |
|
Directors' current account |
33,028 |
|
111 |
|
VAT |
1,405 |
|
3,448 |
|
Prepayments |
1,419 |
|
467 |
|
|
|
|
|
|
35,882 |
|
6,240 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank and other loans |
226,544 |
|
548,702 |
|
Trade creditors |
26,857 |
|
195,448 |
|
Taxation and social security costs |
12,666 |
|
30,564 |
|
Other creditors |
- |
|
26 |
|
Pension payable |
960 |
|
910 |
|
VAT |
- |
|
- |
|
Accruals and deferred income |
147,995 |
|
322,009 |
|
|
|
|
|
|
415,022 |
|
1,097,659 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
14,914 |
|
19,424 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Called up share capital |
2026 |
|
2025 |
| £ |
£ |
|
Allotted, issued and fully paid: |
|
101,258,199 ordinary shares of £0.0001 each |
10,126 |
|
1,772 |
|
|
|
|
|
|
|
|
10,126 |
|
1,772 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Reserves |
|
|
|
|
|
|
Share |
|
|
|
|
Retained |
|
Premium |
|
|
|
|
earnings |
|
Reserve |
|
Totals |
|
|
|
|
£ |
|
£ |
|
£ |
|
|
At 1 April 2025 |
(1,800,525) |
|
1,318,269 |
|
(482,256) |
|
Deficit for the year |
292,232 |
|
|
|
292,232 |
|
Bonus share issue |
463,136 |
|
463,136 |
|
|
At 31 March 2026 |
(1,508,293) |
|
1,781,405 |
|
273,112 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
As at the year end date, the company owed £107,034 (2025: £593,749) to The Una Group Ltd which is a company under common management and a shareholder. The loan is repayable on demand. |
|
|
As at the year end date, the company owed £5,000 (2025: £18,149) to one of the directors. The loan is repayable on demand. |
|
|
As at the year end date, the company owed £110,000 (2025: £14,097) to one of the directors. The loan is repayable on demand. |
|
|
As at the year end date, the company owed £NIL (2025: £28,878) to Luth Associates Ltd. |
|
|
As at the year end date, the company was owed £33,028 (2025: £NIL) by one of the directors. The loan is repayable on demand. |
|
|
| 11 |
Other information |
|
|
Fourwho Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Airport Business Centre |
|
10 Thornbury Road |
|
Plymouth |
|
Devon |
|
PL6 7PP |