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 2020

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

269,131

216,721

269,133

216,723

CURRENT ASSETS

Debtors

6

585,760

531,285

Cash at bank and in hand

211

7,217

585,971

538,502

CREDITORS

Amounts falling due within one year

7

362,122

332,108

NET CURRENT ASSETS

223,849

206,394

TOTAL ASSETS LESS CURRENT LIABILITIES

492,982

423,117

CREDITORS

Amounts falling due after more than one year

8

229,624

186,829

NET ASSETS

263,358

236,288

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

263,356

236,286

SHAREHOLDERS' FUNDS

263,358

236,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 24th November 2020 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 62 (2019 - 79 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2019

and 31st March 2020

2

NET BOOK VALUE

At 31st March 2020

2

At 31st March 2019

2

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2019

172,206

35,647

81,810

289,663

Additions

12,772

33,937

37,226

83,935

Disposals

-

-

(33,031

)

(33,031

)

At 31st March 2020

184,978

69,584

86,005

340,567

DEPRECIATION

At 1st April 2019

3,862

13,391

55,689

72,942

Charge for year

3,625

8,046

14,983

26,654

Eliminated on disposal

-

-

(28,160

)

(28,160

)

At 31st March 2020

7,487

21,437

42,512

71,436

NET BOOK VALUE

At 31st March 2020

177,491

48,147

43,493

269,131

At 31st March 2019

168,344

22,256

26,121

216,721

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

Motor

vehicles

£

COST

Additions

34,826

At 31st March 2020

34,826

DEPRECIATION

Charge for year

4,033

At 31st March 2020

4,033

NET BOOK VALUE

At 31st March 2020

30,793

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

337,724

377,855

Other debtors

248,036

153,430

585,760

531,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

67,804

58,466

Hire purchase contracts

10,965

-

Trade creditors

33,425

42,537

Taxation and social security

205,485

179,759

Other creditors

44,443

51,346

362,122

332,108

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

212,934

186,829

Hire purchase contracts

16,690

-

229,624

186,829