Registered Number:05646996 |
For the year ended 28 February 2023
England and Wales
Report of the Directors and Financial Statements
For the year ended 28 February 2023
4 x Forty One Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
4 x Forty One Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
3,885
4,570
2
3,885
4,570
56,651
59,753
3
10,916
Cash and cash equivalents |
4,484
64,237
67,567
Trade and other payables: amounts falling due within one |
year |
(66,924)
(85,853)
4
643
(21,616)
Net current liabilities
Total assets less current liabilities |
(17,731)
5,213
Trade and other payables: amounts falling due after more |
than one year |
(28,333)
(25,000)
5
(42,731)
Net liabilities
(23,120)
100
100
(42,831)
(23,220)
(42,731)
(23,120)
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Raymond H Binks Director |
These financial statements were approved and authorised for issue by the Board on 05 July 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
4 x Forty One Limited
Notes to the Financial Statements
Statutory Information
4 x Forty One Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05646996. |
C/O Lofthouse & Co
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 28 February 2023
4 x Forty One Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
13,660
13,660
Provision for depreciation and impairment |
9,090
Charge for year
685
9,775
3,885
4,570
Land & Buildings revaluation carried out 25 August 2021.
2022
2023
59,753
56,651
4. Trade and other payables: amounts falling due within one year |
2022
2023
2,913
2,798
Taxation and social security |
1,821
2,386
81,119
61,740
85,853
66,924
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
25,000
28,333
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For the year ended 28 February 2023
4 x Forty One Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
4 of 4