Company Registration No. 06549590 (England and Wales)
4MA Limited
Unaudited accounts
for the year ended 31 March 2019
4MA Limited
Unaudited accounts
Contents
4MA Limited
Company Information
for the year ended 31 March 2019
Director
Mr Perparim Rama
Company Number
06549590 (England and Wales)
Registered Office
18 Greek Street
Soho
London
Greater London
W1D 4DS
Accountants
Solid Ltd
410 Davina House
137-149 Goswell Road
London
EC1V 7ET
4MA Limited
Statement of financial position
as at
31 March 2019
Tangible assets
1,533,153
1,367,478
Inventories
156,642
120,677
Cash at bank and in hand
346
6,485
Creditors: amounts falling due within one year
(542,576)
(153,482)
Net current assets
255,350
403,237
Total assets less current liabilities
1,815,876
1,770,715
Creditors: amounts falling due after more than one year
(1,252,952)
(1,279,286)
Net assets
562,924
491,429
Called up share capital
100
100
Profit and loss account
562,824
491,329
Shareholders' funds
562,924
491,429
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 December 2019.
Mr Perparim Rama
Director
Company Registration No. 06549590
4MA Limited
Notes to the Accounts
for the year ended 31 March 2019
4MA Limited is a private company, limited by shares, registered in England and Wales, registration number 06549590. The registered office is 18 Greek Street , Soho , London, Greater London, W1D 4DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Other tangible fixed assets
over 5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4MA Limited
Notes to the Accounts
for the year ended 31 March 2019
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
1,350,420
18,221
97,986
1,466,627
Additions
182,904
376
-
183,280
At 31 March 2019
1,533,324
18,597
97,986
1,649,907
At 1 April 2018
42,870
10,113
46,166
99,149
Charge for the year
-
4,650
12,955
17,605
At 31 March 2019
42,870
14,763
59,121
116,754
At 31 March 2019
1,490,454
3,834
38,865
1,533,153
At 31 March 2018
1,307,550
8,108
51,820
1,367,478
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Investments
Other investments
Valuation at 1 April 2018
-
Valuation at 31 March 2019
27,373
Work in progress
156,642
120,677
4MA Limited
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
140,083
42,350
Accrued income and prepayments
4,761
-
Other debtors
496,094
387,207
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
84,794
46,559
Trade creditors
242,602
31,833
Taxes and social security
3,428
65,778
Other creditors
14,935
9,312
Loans from directors
192,259
-
9
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
1,202,863
1,212,795
Obligations under finance leases and hire purchase contracts
50,089
66,491
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Transactions with related parties
44A Hereford Road Ltd (Co. No. 09803296) Company is controlled by Mr Perparim Rama. Loans given to 44A Hereford Road Ltd £58,149.
Amount above is due to 4MA Ltd.
London Oda Ltd (Co. No. 10781636) Company is controlled by Mr Perparim Rama. Loans given to
London Oda Ltd Ltd £48,131.
Amount above is due to 4MA Ltd.
126A Westbourne Grove Ltd (Co. No. 10403153) Company is controlled by Mr Perparim Rama. Loans given to 126A Westbourne Grove Ltd £2,937
Amount above is due to 4MA Ltd.
Grosvenor Oda Ltd (Co. No. 09101604) Company is controlled by Mr Perparim Rama. Loans given to Grosvenor Oda Ltd £1,863
Amount above is due to 4MA Ltd.
4M Works Ltd (Co. No. 07341221) Company is controlled by Mr Perparim Rama. Loans given to 4M Works Ltd £379,467
Amount above is due to 4MA Ltd.
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Average number of employees
During the year the average number of employees was 8 (2018: 8).