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REGISTERED NUMBER: 09679529 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Fortil UK Ltd

Fortil UK Ltd (Registered number: 09679529)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fortil UK Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: M O K Remini





REGISTERED OFFICE: 1 Chamberlain Square
Birmingham
B3 3AX





REGISTERED NUMBER: 09679529 (England and Wales)





AUDITORS: HB Accountants
Plumpton House
Plumpton Road
Hoddesdon
Herts
EN11 0LB

Fortil UK Ltd (Registered number: 09679529)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,492 8,353

CURRENT ASSETS
Debtors 5 161,089 303,251
Cash at bank 65,897 39,636
226,986 342,887
CREDITORS
Amounts falling due within one year 6 181,218 317,197
NET CURRENT ASSETS 45,768 25,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,260

34,043

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 50,160 33,943
SHAREHOLDERS' FUNDS 50,260 34,043

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





M O K Remini - Director


Fortil UK Ltd (Registered number: 09679529)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Fortil UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Amounts are rounded to the nearest £.

Turnover
Turnover represents amounts receivable, under contracts for services, net of Value Added Tax. Turnover is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Computer equipment - 33% 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
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.

Fortil UK Ltd (Registered number: 09679529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The company is dependant upon the continued financial support of its parent company which has undertaken to financially support the company for the next 12 months and for the foreseeable future.The financial statements have therefore been prepared on a going concern basis.

The directors have reviewed the group financial position as at the end of December 2022 and they are satisfied that the group has sufficient financial resources to support the company as prescribed above

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 13 ) .

Fortil UK Ltd (Registered number: 09679529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 11,587
DEPRECIATION
At 1 January 2022 3,234
Charge for year 3,861
At 31 December 2022 7,095
NET BOOK VALUE
At 31 December 2022 4,492
At 31 December 2021 8,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 29,210 68,622
Amounts owed by group undertakings 115,706 225,573
Other debtors 16,173 9,056
161,089 303,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 4,958 13,155
Amounts owed to group undertakings 122,105 276,974
Taxation and social security 48,564 21,063
Other creditors 5,591 6,005
181,218 317,197

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary Shares £1 100 100

Fortil UK Ltd (Registered number: 09679529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Grover (Senior Statutory Auditor)
for and on behalf of HB Accountants

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M O K Remini.

The parent company and controlling party is Fortil Groupe, a company incorporated in France, whose registered address is 8 all de vilnius, 83500 la seyne sur mer, France.