4 Forces Keyholding Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08196555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

4 FORCES KEYHOLDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B Sharma

Mr K Sharma

REGISTERED OFFICE:

12 Johnson Street

Woodcross

Coseley

West Midlands

WV14 9RL

REGISTERED NUMBER:

08196555 (England and Wales)

ACCOUNTANTS:

Guy & Co Chartered Certified Accountants

12 Johnson Street

Woodcross

Coseley

West Midlands

WV14 9RL

FIXED ASSETS

Intangible assets

4

2

2

Tangible assets

5

216,721

237,342

216,723

237,344

CURRENT ASSETS

Debtors

6

531,285

404,204

Cash at bank and in hand

7,217

203

538,502

404,407

CREDITORS

Amounts falling due within one year

7

332,108

455,581

NET CURRENT ASSETS/(LIABILITIES)

206,394

(51,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

423,117

186,170

CREDITORS

Amounts falling due after more than one year

8

186,829

-

NET ASSETS

236,288

186,170

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

236,286

186,168

SHAREHOLDERS' FUNDS

236,288

186,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19th August 2019 and were signed on its behalf by:

Mrs B Sharma - Director

Mr K Sharma - Director

1.	STATUTORY INFORMATION

4 Forces Keyholding 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.

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 the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

The value of £2 shown in the financial statements relates to the purchase of patent and goodwill from a liquidated

company, no amortisation has been applied.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 79 (2018 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2018

and 31st March 2019

2

NET BOOK VALUE

At 31st March 2019

2

At 31st March 2018

2

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2018

170,476

29,709

81,810

281,995

Additions

1,730

5,938

-

7,668

At 31st March 2019

172,206

35,647

81,810

289,663

DEPRECIATION

At 1st April 2018

424

8,417

35,812

44,653

Charge for year

3,438

4,974

19,877

28,289

At 31st March 2019

3,862

13,391

55,689

72,942

NET BOOK VALUE

At 31st March 2019

168,344

22,256

26,121

216,721

At 31st March 2018

170,052

21,292

45,998

237,342

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2018

36,832

Transfer to ownership

(36,832

)

At 31st March 2019

-

DEPRECIATION

At 1st April 2018

11,895

Transfer to ownership

(11,895

)

At 31st March 2019

-

NET BOOK VALUE

At 31st March 2019

-

At 31st March 2018

24,937

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

377,855

297,974

Other debtors

153,430

106,230

531,285

404,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

58,466

17,535

Hire purchase contracts

-

11,443

Trade creditors

42,537

64,436

Taxation and social security

179,759

155,787

Other creditors

51,346

206,380

332,108

455,581

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

186,829

-