Company Registration No. 10077289 (England and Wales)
MFORTE LIMITED
Unaudited accounts
for the year ended 30 November 2023
MFORTE LIMITED
Unaudited accounts
Contents
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
MFORTE LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
22,193
-
Cash at bank and in hand
139,731
675,481
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
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
MFORTE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 10 years straight line.
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.
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.
MFORTE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Other
At 30 November 2023
23,943
At 30 November 2023
22,193
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
287,493
6,210
293,703
At 30 November 2023
287,493
6,210
293,703
Charge for the year
1,662
688
2,350
At 30 November 2023
1,662
688
2,350
At 30 November 2023
285,831
5,522
291,353
Amounts falling due within one year
Accrued income and prepayments
11,374
-
Other debtors
18,000
11,122
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
94
-
Loans from directors
541,862
678,338
MFORTE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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
-
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).