Fourcees Trading Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03052324 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

FOURCEES TRADING LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

J Thompson

Registered office:

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

Registered number:

03052324 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fourcees Trading Ltd for the year ended 30 September 2018 which comprise the Statement of

Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fourcees Trading Ltd in accordance with the terms of our engagement letter dated 24 October 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Fourcees Trading Ltd and state those matters that we have agreed to state to the director of Fourcees Trading Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fourcees Trading Ltd and its director for our work or for this report.

It is your duty to ensure that Fourcees Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fourcees Trading Ltd. You consider that Fourcees Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fourcees Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

18 March 2019

Fixed assets

Intangible assets

4

1

1

Tangible assets

5

2,296

2,906

2,297

2,907

Current assets

Stocks

6

174,071

178,983

Debtors

7

4,692

4,992

Cash at bank and in hand

35,382

59,809

214,145

243,784

Creditors

Amounts falling due within one year

8

62,438

99,901

Net current assets

151,707

143,883

Total assets less current liabilities

154,004

146,790

Capital and reserves

Called up share capital

9

100

100

Retained earnings

153,904

146,690

Shareholders' funds

154,004

146,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 18 March 2019 and were signed by:

J Thompson - Director

1.	Statutory information

Fourcees Trading Ltd 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% straight line and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party

to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

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 6 (2017 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 October 2017

and 30 September 2018

3,120

Amortisation

At 1 October 2017

and 30 September 2018

3,119

Net book value

At 30 September 2018

1

At 30 September 2017

1

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 October 2017

43,826

Additions

841

At 30 September 2018

44,667

Depreciation

At 1 October 2017

40,920

Charge for year

1,451

At 30 September 2018

42,371

Net book value

At 30 September 2018

2,296

At 30 September 2017

2,906

6.

Stocks

30.9.18

30.9.17

£

£

Stocks

174,071

178,983

7.

Debtors: amounts falling due within one year

30.9.18

30.9.17

£

£

Prepayments

4,692

4,992

8.

Creditors: amounts falling due within one year

30.9.18

30.9.17

£

£

Trade creditors

24,339

55,688

Tax

11,191

19,784

Social security and other taxes

1,058

1,208

VAT

13,372

4,672

Directors' current accounts

7,862

13,737

Accrued expenses

4,616

4,812

62,438

99,901

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

£

£

100

Ordinary

£1

100

100