4M Floors UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07188488 (England and Wales)

4M Floors UK Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Amis

T Butterworth

REGISTERED OFFICE:

Unit 9 Decade Close

High Carr Industrial Estate

Newcastle Under Lyme

Staffordshire

ST5 7UG

REGISTERED NUMBER:

07188488 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

5

8,835

9,507

Tangible assets

6

55,049

61,254

63,884

70,761

CURRENT ASSETS

Stocks

23,219

53,219

Debtors

7

536,518

896,472

Cash at bank and in hand

979,105

570,496

1,538,842

1,520,187

CREDITORS

Amounts falling due within one year

8

463,937

746,439

NET CURRENT ASSETS

1,074,905

773,748

TOTAL ASSETS LESS CURRENT LIABILITIES

1,138,789

844,509

CREDITORS

Amounts falling due after more than one year

9

(81,251

)

-

PROVISIONS FOR LIABILITIES

(10,459

)

(11,638

)

NET ASSETS

1,047,079

832,871

CAPITAL AND RESERVES

Called up share capital

26,936

28,568

Capital redemption reserve

18,776

17,144

Retained earnings

1,001,367

787,159

1,047,079

832,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 10 May 2022 and were signed on its behalf by:

J R Amis - Director

T Butterworth - Director

1.	STATUTORY INFORMATION

4M Floors UK 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoice value of goods / services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

A grant that specifies performance conditions is recognised when the performance conditions are met.

Where a grant does not specify performance conditions it is recognised as income when the proceeds are received or receivable. A grant received before the performance conditions are met is recognised as a liability.

Stocks

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

Hire purchase and leasing commitments

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2020 - 27 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

16,928

AMORTISATION

At 1 January 2021

7,421

Charge for year

672

At 31 December 2021

8,093

NET BOOK VALUE

At 31 December 2021

8,835

At 31 December 2020

9,507

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2021

40,133

1,151

185,926

13,383

240,593

Additions

5,887

-

-

2,374

8,261

At 31 December 2021

46,020

1,151

185,926

15,757

248,854

DEPRECIATION

At 1 January 2021

18,299

456

149,317

11,267

179,339

Charge for year

4,158

104

9,150

1,054

14,466

At 31 December 2021

22,457

560

158,467

12,321

193,805

NET BOOK VALUE

At 31 December 2021

23,563

591

27,459

3,436

55,049

At 31 December 2020

21,834

695

36,609

2,116

61,254

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

170,286

188,447

Amounts recoverable on contract

342,306

661,069

Other debtors

23,926

46,956

536,518

896,472

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

18,750

-

Hire purchase contracts

-

2,932

Trade creditors

270,960

252,457

Taxation and social security

118,434

343,564

Other creditors

55,793

147,486

463,937

746,439

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

81,251

-