Company Registration No. 05449466 (England and Wales)
Fortis Technologies Limited
Unaudited accounts
for the year ended 31 August 2023
Fortis Technologies Limited
Unaudited accounts
Contents
Fortis Technologies Limited
Company Information
for the year ended 31 August 2023
Directors
K P Butchart
M J Woodruff
Company Number
05449466 (England and Wales)
Registered Office
45 Coalbrookdale Road
Clayhill Light Industrial Park
Liverpool Road, Neston
CH64 3UG
Fortis Technologies Limited
Statement of financial position
as at 31 August 2023
Tangible assets
9,308
19,429
Inventories
92,864
111,562
Cash at bank and in hand
152
141
Creditors: amounts falling due within one year
(95,010)
(75,115)
Net current assets
96,405
109,065
Total assets less current liabilities
105,713
128,494
Provisions for liabilities
Net assets
103,945
128,494
Called up share capital
100
100
Profit and loss account
103,845
128,394
Shareholders' funds
103,945
128,494
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by
K P Butchart
Director
Company Registration No. 05449466
Fortis Technologies Limited
Notes to the Accounts
for the year ended 31 August 2023
Fortis Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 05449466. The registered office is 45 Coalbrookdale Road, Clayhill Light Industrial Park, Liverpool Road, Neston, CH64 3UG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fortis Technologies Limited
Notes to the Accounts
for the year ended 31 August 2023
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Tangible fixed assets
Plant & machinery
At 1 September 2022
134,112
At 1 September 2022
114,683
Amounts falling due within one year
Trade debtors
93,978
67,890
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,499
18,058
Trade creditors
57,304
35,030
Taxes and social security
5,624
7,774
Other creditors
9,718
11,854
Loans from directors
156
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 11 (2022: 10).