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REGISTERED NUMBER: 12446788 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FORTITUDE GLOBAL LIMITED

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance sheet 1

Notes to the financial statements 2


FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 625 1,250

Current assets
Debtors 5 23,633 11,837

Creditors
Amounts falling due within one year 6 24,024 11,319
Net current (liabilities)/assets (391 ) 518
Total assets less current liabilities 234 1,768

Capital and reserves
Called up share capital 8 100 100
Retained earnings 134 1,668
Shareholders' funds 234 1,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





Mr R A Dwyer - Director


FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

Fortitude Global Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12446788. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 21 Cherhill Way, Calne, Wiltshire, SN11 0FG

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.

Turnover
Turnover represents amounts receivable, in respect of providing coaching and consultancy services and is recognised at the date those services have been provided to clients.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2022
and 28 February 2023 500 2,000 2,500
Depreciation
At 1 March 2022 250 1,000 1,250
Charge for year 125 500 625
At 28 February 2023 375 1,500 1,875
Net book value
At 28 February 2023 125 500 625
At 28 February 2022 250 1,000 1,250

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 8,083 11,755
Other debtors 6,158 -
Directors' current accounts 9,238 -
Deferred tax asset 154 82
23,633 11,837

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 96 -
Tax 16,119 8,123
Social security and other taxes 459 739
VAT 4,555 -
Directors' current accounts - 302
Accruals and deferred income 2,795 2,155
24,024 11,319

7. Deferred tax
£   
Balance at 1 March 2022 (82 )
Credit to Income statement during year (72 )
Balance at 28 February 2023 (154 )

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr R A Dwyer
Balance outstanding at start of year - -
Amounts advanced 9,238 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,238 -

At the balance sheet date the Director, Mr R Dwyer, owed the company £9,238. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

The company is under the control of the director by virtue of his 60% holding of the issued voting share capital of the company.