4 Forces Keyholding Limited

4 FORCES KEYHOLDING LIMITED - Company Information

2020-04-012021-03-312021-03-31false081965554 Forces Keyholding 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Registered Number
08196555
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2021

4 Forces Keyholding Limited

Company Information
for the year from 1 April 2020 to 31 March 2021


Directors	Mrs B Sharma
	Mr K Sharma


Registered Address	12 Johnson Street
	Woodcross
	Coseley
	WV14 9RL


Registered Number	08196555 (England and Wales)

4 Forces Keyholding Limited

Balance Sheet as at
31 March 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Intangible assets	6		2		2
Tangible assets	7		259,503		269,131
			259,505		269,133
Current assets
Debtors	8	780,127		585,760
Cash at bank and on hand		162		211
		780,289		585,971
Creditors amounts falling due within one year	9	(504,199)		(564,090)
Net current assets (liabilities)			276,090		21,881
Total assets less current liabilities			535,595		291,014
Creditors amounts falling due after one year	10		(267,785)		(27,656)
Net assets			267,810		263,358
Capital and reserves
Called up share capital			2		2
Profit and loss account			267,808		263,356
Shareholders' funds			267,810		263,358

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2021, and are signed on its behalf by:

Kanwar Shaker Chander Sharma
Director
Registered Company No. 08196555

4 Forces Keyholding Limited

Notes to the Financial Statements
for the year ended 31 March 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	PRINCIPAL ACTIVITIES
	The principal activity of the company in the year under review was that of keyholding and security services.

4.	ACCOUNTING POLICIES

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Straight line (years)
	Land and buildings	2
	Fixtures and fittings	15
	Vehicles	25

	Intangible assets policy
	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. 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.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	EMPLOYEE INFORMATION

		2021		2020
	Average number of employees during the year	53		62

6.	INTANGIBLE ASSETS

		Total £
	Cost or valuation
	At 01 April 20	2
	At 31 March 21	2
	Net book value
	At 31 March 21	2
	At 31 March 20	2

7.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 20	340,566
	Additions	23,159
	Disposals	(34,229)
	At 31 March 21	329,495
	Depreciation and impairment
	At 01 April 20	71,436
	Charge for year	32,238
	On disposals	(33,681)
	At 31 March 21	69,992
	Net book value
	At 31 March 21	259,503
	At 31 March 20	269,131

8.	DEBTORS
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2021 £	2020 £
Trade debtors / trade receivables	387,752	337,724
Other debtors	392,375	248,036
Total	780,127	585,760

9.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2021 £	2020 £
Trade creditors / trade payables	40,023	33,424
Bank borrowings and overdrafts	65,000	255,367
Taxation and social security	314,180	205,485
Finance lease and HP contracts	18,086	-
Other creditors	66,910	69,814
Total	504,199	564,090

10.	CREDITORS AFTER ONE YEAR
	Other creditors relate to Hire Purchase Contracts

	2021 £	2020 £
Bank borrowings and overdrafts	250,192	-
Other creditors	17,593	27,656
Total	267,785	27,656