Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01falseSurveyors73truefalse 13574579 2022-09-01 2023-08-31 13574579 2021-08-19 2022-08-31 13574579 2023-08-31 13574579 2022-08-31 13574579 c:Director1 2022-09-01 2023-08-31 13574579 c:Director2 2022-09-01 2023-08-31 13574579 d:OfficeEquipment 2022-09-01 2023-08-31 13574579 d:OfficeEquipment 2023-08-31 13574579 d:OfficeEquipment 2022-08-31 13574579 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13574579 d:ComputerEquipment 2022-09-01 2023-08-31 13574579 d:ComputerEquipment 2023-08-31 13574579 d:ComputerEquipment 2022-08-31 13574579 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13574579 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13574579 d:CurrentFinancialInstruments 2023-08-31 13574579 d:CurrentFinancialInstruments 2022-08-31 13574579 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13574579 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13574579 d:ShareCapital 2023-08-31 13574579 d:ShareCapital 2022-08-31 13574579 d:RetainedEarningsAccumulatedLosses 2023-08-31 13574579 d:RetainedEarningsAccumulatedLosses 2022-08-31 13574579 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 13574579 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 13574579 c:FRS102 2022-09-01 2023-08-31 13574579 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13574579 c:FullAccounts 2022-09-01 2023-08-31 13574579 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13574579 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 13574579










FORTIUM SURVEYING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
FORTIUM SURVEYING LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFFORTIUM SURVEYING LIMITED
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fortium Surveying Limited for the year ended 31 August 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Fortium Surveying Limited, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Fortium Surveying Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fortium Surveying Limited and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Fortium Surveying Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Fortium Surveying Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Fortium Surveying Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

30 August 2024
Page 1

 
FORTIUM SURVEYING LIMITED
REGISTERED NUMBER: 13574579

BALANCE SHEET
AS AT 31 AUGUST 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,564
3,035

  
11,564
3,035

Current assets
  

Debtors: amounts falling due within one year
 5 
201,207
108,728

Cash at bank and in hand
 6 
36,181
32,315

  
237,388
141,043

Creditors: amounts falling due within one year
 7 
(100,527)
(44,472)

Net current assets
  
 
 
136,861
 
 
96,571

Total assets less current liabilities
  
148,425
99,606

  

Net assets
  
148,425
99,606


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
148,025
99,206

  
148,425
99,606


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.





Page 2

 
FORTIUM SURVEYING LIMITED
REGISTERED NUMBER: 13574579

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023


Sajid Mehmood Rehman
Lee Rhodes
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Fortium Surveying Limited is a company domiciled in England & Wales, registration number 13574579. The registered office is Aizlewood's Business Centre, Aizlewood's Mill, Nursery Street, S3 8GG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 5

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

2023
2022
£
£

Wages and salaries
107,086
18,081

Tax and national insurance
28,774
3,104

135,860
21,185


The average monthly number of employees, including directors, during the year was 7 (2022 - 3).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2022
716
3,747
4,463


Additions
-
14,934
14,934



At 31 August 2023

716
18,681
19,397



Depreciation


At 1 September 2022
179
1,249
1,428


Charge for the year on owned assets
179
6,226
6,405



At 31 August 2023

358
7,475
7,833



Net book value



At 31 August 2023
358
11,206
11,564

Page 7

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Trade debtors
201,207
108,728

201,207
108,728



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,181
32,315

36,181
32,315



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
66,747
29,360

Other taxation and social security
24,403
2,430

Other creditors
5,177
12,682

Accruals and deferred income
4,200
-

100,527
44,472



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
36,181
32,315




Financial assets measured at fair value through profit or loss comprise...


9.


Related party transactions

There were no related party transactions in the year. 

Page 8

 
FORTIUM SURVEYING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Controlling party

There is no controlling party. 


Page 9