Four IV Interiors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03546990 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2021

FOR

FOUR IV INTERIORS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Andrew Eric Bone

Dewar Dixon Christopher

Registered office:

2nd Floor Bank House

7 St Johns Road

Harrow

London

HA1 2EY

Registered number:

03546990 (England and Wales)

Fixed assets

Tangible assets

4

2,860

3,383

Current assets

Debtors

5

186,410

179,249

Cash at bank

28,826

27,687

215,236

206,936

Creditors

Amounts falling due within one year

6

(157,396

)

(135,529

)

Net current assets

57,840

71,407

Total assets less current liabilities

60,700

74,790

Capital and reserves

Called up share capital

4

4

Retained earnings

60,696

74,786

Shareholders' funds

60,700

74,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 13 January 2022 and were signed on its behalf by:

Andrew Eric Bone - Director

1.	Statutory information

Four IV Interiors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.

3.	Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2020

2,143

15,097

17,240

Additions

-

1,636

1,636

At 30 June 2021

2,143

16,733

18,876

DEPRECIATION

At 1 July 2020

613

13,244

13,857

Charge for year

306

1,853

2,159

At 30 June 2021

919

15,097

16,016

NET BOOK VALUE

At 30 June 2021

1,224

1,636

2,860

At 30 June 2020

1,530

1,853

3,383

5.

Debtors

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

23,543

12,820

VAT

-

1,126

Prepayments and accrued income

10,630

13,067

34,173

27,013

Amounts falling due after more than one year:

Other debtors

152,237

152,236

Aggregate amounts

186,410

179,249

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank Loan

50,000

50,000

Trade creditors

4,004

12,584

Tax

26,797

22,774

VAT

2,162

-

Directors' current accounts

73,531

49,431

Accrued expense Deferred

Income

902

740

157,396

135,529

7.	Related party disclosures

Included within creditors due within one year at the balance sheet date is an amount of £36,223 (2020:£22,852) and £37,309 (2020: £26,579) owed to the directors, Andrew Eric Bone and Dixon Christopher Dewar respectively.

8.	Ultimate controlling party

The controlling party and the ultimate controlling party are not known.

The company is controlled by the directors by virtue of their shareholding.