5Four Payroll Bureau Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07109720 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

5Four Payroll Bureau Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Steele FCCA, FCA

Mr A K Jewitt ACA

REGISTERED OFFICE:

19 Albion Street

Hull

East Yorkshire

HU1 3TG

REGISTERED NUMBER:

07109720 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

CURRENT ASSETS

Stocks

3,434

3,704

Debtors

32,911

37,432

Cash at bank

2,954

7,021

39,299

48,157

CREDITORS

Amounts falling due within one year

36,983

37,214

NET CURRENT ASSETS

2,316

10,943

TOTAL ASSETS LESS CURRENT LIABILITIES

2,316

10,943

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,315

10,942

SHAREHOLDERS' FUNDS

2,316

10,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 May 2019 and were signed on its behalf by:

Mr A M Steele FCCA, FCA - Director

Mr A K Jewitt ACA - Director

1.	STATUTORY INFORMATION

5Four Payroll Bureau 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.

Preparation of consolidated financial statements

The financial statements contain information about 5Four Payroll Bureau Limited as an individual company

and do not contain consolidated financial information. The Company has taken the option under Section 398

of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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.

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 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

2,383

AMORTISATION

At 1 January 2018

and 31 December 2018

2,383

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, by virtue of his 100% holding of 360 Accountants Limited, the ultimate parent

company, the ultimate controlling party is Mr A M Steele.