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Unaudited Financial Statements for the Year Ended 28 February 2020 |
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All 4 One (UK) Limited |
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Unaudited Financial Statements for the Year Ended 28 February 2020 |
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for |
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All 4 One (UK) Limited |
All 4 One (UK) Limited (Registered number: 06511198) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 7 |
All 4 One (UK) Limited |
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Company Information |
for the Year Ended 28 February 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 Aston Court |
Bromsgrove Technology Park |
Bromsgrove |
Worcestershire |
B60 3AL |
All 4 One (UK) Limited (Registered number: 06511198) |
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Abridged Balance Sheet |
28 February 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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All 4 One (UK) Limited (Registered number: 06511198) |
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Abridged Balance Sheet - continued |
28 February 2020 |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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All 4 One (UK) Limited (Registered number: 06511198) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2020 |
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1. | STATUTORY INFORMATION |
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All 4 One (UK) Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Since the balance sheet date, the company's ability to trade has been adversely impacted due to the COVID-19 |
outbreak. The directors are taking all necessary steps to ensure the survival of the business which includes |
accessing government funding and cutting costs where possible. |
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Turnover |
Turnover represents rent receivable which is recognised over the term of the lease granted to tenants, net of value |
added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Rental income |
Rental income arising from investment properties is accounted for on a straight line basis over the lease term |
All 4 One (UK) Limited (Registered number: 06511198) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2020 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 March 2019 |
and 28 February 2020 |
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DEPRECIATION |
At 1 March 2019 |
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Charge for year |
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At 28 February 2020 |
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NET BOOK VALUE |
At 28 February 2020 |
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At 28 February 2019 |
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Included in cost of land and buildings is freehold land of £ 440,000 (2019 - £ 440,000 ) which is not depreciated. |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 March 2019 | 3 |
Disposals | (1 | ) |
At 28 February 2020 | 2 |
NET BOOK VALUE |
At 28 February 2020 | 2 |
At 28 February 2019 | 3 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2020 | 2019 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,032,606 | 136,271 |
All 4 One (UK) Limited (Registered number: 06511198) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2020 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Bank loans |
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Santander hold three legal charges dated 14 October 2019 which include fixed and floating charges over assets and |
a legal charge over freehold property known as 23 Aston Road, Aston Fields Trading Estate, Bromsgrove. |
Lloyds Bank plc hold bank guarantees given by All 4 One Engineering Limited and personal guarantees from the |
directors. A legal charge for Lloyds Bank Plc was satisfied on 21 November 2019. |
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8. | CONTINGENT LIABILITIES |
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There were no known material contingent liabilities at the year end. |
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9. | POST BALANCE SHEET EVENTS |
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Since the balance sheet date, the company's ability to trade has been adversely impacted due to the COVID-19 |
outbreak. The directors are taking all necessary steps to ensure the survival of the business which includes |
accessing government funding and cutting costs where possible. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
All 4 One (UK) Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements |
and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of All 4 One (UK) Limited for the year ended 28 February 2020 which comprise the Abridged Income |
Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of All 4 One (UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All 4 One (UK) Limited and state those matters that we have agreed to state to the director of All 4 One (UK) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All 4 One (UK) Limited and its director for our work or for this report. |
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It is your duty to ensure that All 4 One (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of All 4 One (UK) Limited. You consider that All 4 One (UK) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of All 4 One (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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1 Aston Court |
Bromsgrove Technology Park |
Bromsgrove |
Worcestershire |
B60 3AL |
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