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Registered number: SC679390
Forte Valves Utilities Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2021
M Accountancy

Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC679390
2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 25,788
25,788
CURRENT ASSETS
Cash at bank and in hand 953
953
Creditors: Amounts Falling Due Within One Year 4 (32,604 )
NET CURRENT ASSETS (LIABILITIES) (31,651 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,863 )
NET LIABILITIES (5,863 )
CAPITAL AND RESERVES
Called up share capital 5 100
Profit and Loss Account (5,963 )
SHAREHOLDERS' FUNDS (5,863)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Shameem Akhtar Ali
Director
03/03/2022
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 34383.97
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2020 -
Additions 34,384
As at 30 November 2021 34,384
Depreciation
As at 1 December 2020 -
Provided during the period 8,596
As at 30 November 2021 8,596
Net Book Value
As at 30 November 2021 25,788
As at 1 December 2020 -
Page 2
Page 3
4. Creditors: Amounts Falling Due Within One Year
2021
£
Accruals 800
Director's loan account 31,804
32,604
5. Share Capital
2021
Allotted, Called up and fully paid 100
6. General Information
Forte Valves Utilities Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC679390 . The registered office is 13 Myrtle Park, Glasgow, G42 8UQ.
Page 3