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REGISTERED NUMBER: 06655663 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FORTE PROJECT MANAGEMENT LTD

FORTE PROJECT MANAGEMENT LTD (REGISTERED NUMBER: 06655663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


FORTE PROJECT MANAGEMENT LTD (REGISTERED NUMBER: 06655663)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,564 18,435

Current assets
Stocks 8,000 8,000
Debtors 5 28,444 67,650
Cash at bank 12,711 6,349
49,155 81,999
Creditors
Amounts falling due within one year 6 26,873 18,260
Net current assets 22,282 63,739
Total assets less current liabilities 40,846 82,174

Creditors
Amounts falling due after more than one year 7 (37,160 ) (42,171 )

Provisions for liabilities 8 (3,527 ) (3,503 )
Net assets 159 36,500

Capital and reserves
Called up share capital 9 100 100
Retained earnings 59 36,400
Shareholders' funds 159 36,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:



Mr R Scott - Director


FORTE PROJECT MANAGEMENT LTD (REGISTERED NUMBER: 06655663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Forte Project Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06655663. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 88 Church Road, Wimborne, BH21 6RF.

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, excluding value added tax, in respect of project management and instrument repairs, provided in the ordinary course of business. Turnover is recognised as soon as the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 (2023 - 2 ) .

FORTE PROJECT MANAGEMENT LTD (REGISTERED NUMBER: 06655663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 42,702 27,892 42,505 113,099
Additions 2,082 4,233 - 6,315
At 31 March 2024 44,784 32,125 42,505 119,414
Depreciation
At 1 April 2023 34,551 20,799 39,314 94,664
Charge for year 2,558 2,831 797 6,186
At 31 March 2024 37,109 23,630 40,111 100,850
Net book value
At 31 March 2024 7,675 8,495 2,394 18,564
At 31 March 2023 8,151 7,093 3,191 18,435

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,740 1,531
Directors' current accounts 23,839 65,491
VAT - 241
Prepayments and accrued income 865 387
28,444 67,650

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,010 4,776
Trade creditors 275 -
Tax 12,473 11,943
VAT 7,293 -
Accruals and deferred income 1,822 1,541
26,873 18,260

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 5,244 5,010
Bank loans - 2-5 years 17,134 16,433
Bank loans more 5 yr by instal 14,782 20,728
37,160 42,171

FORTE PROJECT MANAGEMENT LTD (REGISTERED NUMBER: 06655663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,782 20,728

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,527 3,503

Deferred
tax
£   
Balance at 1 April 2023 3,503
Provided during year 24
Balance at 31 March 2024 3,527

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R Scott and Mrs D Scott
Balance outstanding at start of year 65,490 23,657
Amounts advanced 58,683 67,098
Amounts repaid (100,334 ) (25,265 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,839 65,490

At the balance sheet date the Directors owed the company £23,839 (2023: £65,490). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

11. Ultimate controlling party

The company is controlled by the directors, Mr and Mrs Scott, who between them own 100% of the share capital in issue.