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 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Roache

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

4

9,507

10,179

Tangible assets

5

61,254

77,887

70,761

88,066

CURRENT ASSETS

Stocks

53,219

51,950

Debtors

6

896,472

1,205,127

Cash at bank and in hand

570,496

283,997

1,520,187

1,541,074

CREDITORS

Amounts falling due within one year

7

746,439

963,966

NET CURRENT ASSETS

773,748

577,108

TOTAL ASSETS LESS CURRENT LIABILITIES

844,509

665,174

CREDITORS

Amounts falling due after more than one year

8

-

(2,431

)

PROVISIONS FOR LIABILITIES

(11,638

)

(14,796

)

NET ASSETS

832,871

647,947

CAPITAL AND RESERVES

Called up share capital

28,568

45,712

Capital redemption reserve

17,144

-

Retained earnings

787,159

602,235

832,871

647,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 May 2021 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.	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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of coronavirus on the economy and therefore the financial statements have been prepared on a going concern basis.

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 2010, is being amortised evenly over its estimated useful life of twenty 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2019 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

and 31 December 2020

16,928

AMORTISATION

At 1 January 2020

6,749

Charge for year

672

At 31 December 2020

7,421

NET BOOK VALUE

At 31 December 2020

9,507

At 31 December 2019

10,179

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2020

40,133

565

185,926

13,383

240,007

Additions

-

586

-

-

586

At 31 December 2020

40,133

1,151

185,926

13,383

240,593

DEPRECIATION

At 1 January 2020

14,446

333

137,117

10,224

162,120

Charge for year

3,853

123

12,200

1,043

17,219

At 31 December 2020

18,299

456

149,317

11,267

179,339

NET BOOK VALUE

At 31 December 2020

21,834

695

36,609

2,116

61,254

At 31 December 2019

25,687

232

48,809

3,159

77,887

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

188,447

58,498

Amounts recoverable on contract

661,069

1,097,640

Other debtors

46,956

48,989

896,472

1,205,127

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

2,932

11,893

Trade creditors

252,457

661,501

Taxation and social security

343,564

104,483

Other creditors

147,486

186,089

746,439

963,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

-

2,431