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Company Registration No. 10077289 (England and Wales)
MFORTE LIMITED Unaudited accounts for the year ended 30 November 2023
MFORTE LIMITED Unaudited accounts Contents
Page
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MFORTE LIMITED Company Information for the year ended 30 November 2023
Directors
Agnieszka Forte Moshe Michael Forte
Company Number
10077289 (England and Wales)
Registered Office
10 CHILTON ROAD EDGWARE HA8 7NJ ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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MFORTE LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,193 
- 
Tangible assets
291,353 
- 
313,546 
- 
Current assets
Inventories
4,104 
- 
Debtors
96,989 
11,122 
Cash at bank and in hand
139,731 
675,481 
240,824 
686,603 
Creditors: amounts falling due within one year
(583,107)
(680,301)
Net current (liabilities)/assets
(342,283)
6,302 
Net (liabilities)/assets
(28,737)
6,302 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(28,747)
6,292 
Shareholders' funds
(28,737)
6,302 
For the year ending 30 November 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 22 May 2024 and were signed on its behalf by
Moshe Michael Forte Director Company Registration No. 10077289
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MFORTE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10077289. The registered office is 10 CHILTON ROAD, EDGWARE, HA8 7NJ, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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%
Computer equipment
33.33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 10 years straight line.
Foreign exchange
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.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
- 
Additions
23,943 
At 30 November 2023
23,943 
Amortisation
At 1 December 2022
- 
Charge for the year
1,750 
At 30 November 2023
1,750 
Net book value
At 30 November 2023
22,193 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
- 
- 
- 
Additions
287,493 
6,210 
293,703 
At 30 November 2023
287,493 
6,210 
293,703 
Depreciation
Charge for the year
1,662 
688 
2,350 
At 30 November 2023
1,662 
688 
2,350 
Net book value
At 30 November 2023
285,831 
5,522 
291,353 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
67,615 
- 
Accrued income and prepayments
11,374 
- 
Other debtors
18,000 
11,122 
96,989 
11,122 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
40,103 
- 
Taxes and social security
94 
- 
Other creditors
1,048 
- 
Loans from directors
541,862 
678,338 
Accruals
- 
1,963 
583,107 
680,301 
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
40,000 
- 
Later than one year and not later than five years
230,000 
- 
270,000 
- 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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