F4Control Limited - Accounts to registrar (filleted) - small 18.1
F4Control Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| F4CONTROL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| F4CONTROL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 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 2018 |
| 2018 | 2017 |
| 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 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| BALANCE SHEET - continued |
| 31 JANUARY 2018 |
| 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 on |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 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, and value of used ambulances sold to customers during the period from 1 August 2012. 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 2018 |
| 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 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by related parties | 129,750 | 156,750 |
| Other debtors |
| Wages Control Account | 1,042 | - |
| Directors' current accounts | - | 9,000 |
| Prepayments and accrued income |
| 7. | CURRENT ASSET INVESTMENTS |
| 2018 | 2017 |
| £ | £ |
| Gold trading activities |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 41,334 | 19,834 |
| Other creditors |
| Wages control account | - | 194 |
| Directors' current accounts | 36,000 | 78,588 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Directors' loan accounts | 264,140 | 234,502 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | 133,207 | 127,578 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £43,350 were paid to the directors . |
| F4CONTROL LIMITED (REGISTERED NUMBER: 05045193) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 11. | RELATED PARTY DISCLOSURES - continued |
| During the year the company provided management services to First 4 training Solutions Limited, a company in |
| which Mr C Lightbody and Mr J Lightbody are directors and shareholders, to the value of £- (2017: £125,717) and |
| purchased services to the value of £- (2017: £109,700). At the balance sheet date, £72,000 (2017: £72,000) was |
| owed in respect of these transactions. |
| During the year the company provided management services to Future4C Limited, a company in which Mr C |
| Lightbody is director and shareholder, to the value of £- (2017: £90,000). At the balance sheet date, £57,000 |
| (2017: £57,000) was owed in respect of these transactions. |
| During the year the company gave financial assistance of £- (2017: £-) to The Hire Group UK & Ireland Limited, a |
| company in which both Mr C Lightbody and Mr J Lightbody are directors and shareholders. at the balance sheet |
| date £750 (2017: £750) was owed to the company in respect of this transaction. |
| The dividends declared in the financial statements represent £10,000 issued on 31 January 2018 and £33,350 |
| which were omitted from the financial statements to 31 January 2016 but which were declared personally by |
| directors. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr C Lightbody. |