F4Control Limited - Accounts to registrar (filleted) - small 18.2
F4Control Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| F4CONTROL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| F4CONTROL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 7 St John Street |
| Mansfield |
| Nottinghamshire |
| NG18 1QH |
| BANKERS: |
| 9 Church Street |
| Mansfield |
| Nottinghamshire |
| NG18 1HP |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| BALANCE SHEET |
| 31 JANUARY 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| BALANCE SHEET - continued |
| 31 JANUARY 2020 |
| 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. |
| 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 signed on its behalf by: |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| 1. | STATUTORY INFORMATION |
| F4Control Limited is a |
| 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. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value excluding Value Added Tax of transportation services provided to customers |
| during the year. All income is taken to profit and loss at the same point as the right to receive consideration has |
| been acquired. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Financial instruments |
| Financial instruments and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
| the entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt |
| instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as |
| such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the |
| profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the |
| outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability |
| then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited |
| direct to equity. |
| First time adoption of frs102 section 1a |
| The company has adopted FRS 102 (section 1A) for the first time in the year ended 31 January 2017. The |
| accounting policies have been re-worded to comply with the new standard, however this has not resulted in any |
| change to the accounting treatment of any items. As a result, the comparatives do not require restatement. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 February 2019 |
| Additions |
| Disposals |
| At 31 January 2020 |
| DEPRECIATION |
| At 1 February 2019 |
| Charge for year |
| Eliminated on disposal |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2020 |
| DEPRECIATION |
| At 1 February 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Bad debt provision | (9,509 | ) | (38,164 | ) |
| Amounts owed by related parties | 129,000 | 129,750 |
| Other debtors |
| Prepayments and accrued income |
| 7. | CURRENT ASSET INVESTMENTS |
| 2020 | 2019 |
| £ | £ |
| Gold trading activities |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 60,428 | 56,282 |
| Other creditors |
| Wages control account | 15,073 | 6,132 |
| Directors' current accounts | 36,000 | 36,000 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Directors' loan accounts | 191,362 | 257,805 |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2020 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts | 78,630 | 81,078 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid |
Number |
Class |
Nominal Value |
2020 £ |
2019 £ |
| 100 | Ordinary | £1 | 100 | 100 |
| 25 | Ordinary A | £1 | 25 | 25 |
| 10 | Ordinary B | £1 | 10 | - |
| 10 | Ordinary C | £1 | 10 | - |
| 145 | 125 |
| During the year 10 Ordinary B and 10 Ordinary C shares were issued. These were sold at par value. |
| 12. | RELATED PARTY DISCLOSURES |
| Key management personnel remuneration in the year totalled £17,195. (2019 : £23,317.) |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr C Lightbody. |