Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12159399 Mr Daniel Whebell Mr Paolo Malavasi Mr Gianluca Malavasi Monte Forte Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12159399 2023-03-31 12159399 2024-03-31 12159399 2023-04-01 2024-03-31 12159399 frs-core:CurrentFinancialInstruments 2024-03-31 12159399 frs-core:Non-currentFinancialInstruments 2024-03-31 12159399 frs-core:BetweenOneFiveYears 2024-03-31 12159399 frs-core:ComputerEquipment 2024-03-31 12159399 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12159399 frs-core:ComputerEquipment 2023-03-31 12159399 frs-core:FurnitureFittings 2024-03-31 12159399 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12159399 frs-core:FurnitureFittings 2023-03-31 12159399 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 12159399 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12159399 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 12159399 frs-core:PlantMachinery 2024-03-31 12159399 frs-core:PlantMachinery 2023-04-01 2024-03-31 12159399 frs-core:PlantMachinery 2023-03-31 12159399 frs-core:WithinOneYear 2024-03-31 12159399 frs-core:ShareCapital 2024-03-31 12159399 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12159399 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12159399 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12159399 frs-bus:SmallEntities 2023-04-01 2024-03-31 12159399 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12159399 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12159399 1 2023-04-01 2024-03-31 12159399 frs-bus:Director1 2023-04-01 2024-03-31 12159399 frs-bus:Director2 2023-04-01 2024-03-31 12159399 frs-bus:Director3 2023-04-01 2024-03-31 12159399 frs-countries:EnglandWales 2023-04-01 2024-03-31 12159399 2022-03-31 12159399 2023-03-31 12159399 2022-04-01 2023-03-31 12159399 frs-core:CurrentFinancialInstruments 2023-03-31 12159399 frs-core:Non-currentFinancialInstruments 2023-03-31 12159399 frs-core:BetweenOneFiveYears 2023-03-31 12159399 frs-core:WithinOneYear 2023-03-31 12159399 frs-core:ShareCapital 2023-03-31 12159399 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12159399
Monte Forte Horsham Limited
Financial Statements
For The Year Ended 31 March 2024
Curve Accountancy
65 Gales Drive
Three Bridges
Crawley
West Sussex
RH10 1QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12159399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,698 237,199
215,698 237,199
CURRENT ASSETS
Stocks 5 5,075 898
Debtors 6 73,719 45,974
Cash at bank and in hand 7,200 21,552
85,994 68,424
Creditors: Amounts Falling Due Within One Year 7 (122,427 ) (145,305 )
NET CURRENT ASSETS (LIABILITIES) (36,433 ) (76,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,265 160,318
Creditors: Amounts Falling Due After More Than One Year 8 (325,592 ) (319,475 )
NET LIABILITIES (146,327 ) (159,157 )
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account (146,337 ) (159,167 )
SHAREHOLDERS' FUNDS (146,327) (159,157)
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For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gianluca Malavasi
Director
31st July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Monte Forte Horsham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12159399 . The registered office is Amen House, 1st Floor, 40-44 Church Street, Reigate, Surrey, RH2 0AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line basis over 10 years
Plant & Machinery Straight line basis over 10 years
Fixtures & Fittings 25% reducing balance
Computer Equipment Straight line over 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 25)
28 25
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 229,717 56,111 3,278 4,473 293,579
Additions - 10,191 1,950 256 12,397
Disposals (1,950 ) - - - (1,950 )
As at 31 March 2024 227,767 66,302 5,228 4,729 304,026
Depreciation
As at 1 April 2023 42,368 10,906 1,312 1,794 56,380
Provided during the period 22,800 7,157 492 1,499 31,948
As at 31 March 2024 65,168 18,063 1,804 3,293 88,328
Net Book Value
As at 31 March 2024 162,599 48,239 3,424 1,436 215,698
As at 1 April 2023 187,349 45,205 1,966 2,679 237,199
5. Stocks
2024 2023
£ £
Materials 5,075 898
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,792 6,701
Amounts owed by group undertakings 19,489 -
Other debtors 40,438 39,273
73,719 45,974
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,314 25,544
Trade creditors 9,556 17,346
Bank loans and overdrafts 32,586 -
Other creditors 19,926 60,617
Taxation and social security 35,045 41,798
122,427 145,305
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,440 54,524
Amounts owed to group undertakings 296,152 264,951
325,592 319,475
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,314 25,544
Later than one year and not later than five years 29,440 54,524
54,754 80,068
54,754 80,068
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10 10
Amount of Allotted, Called Up Share Capital 10 10
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11. Related Party Transactions
Summary of transactions with other related parties 
Monte Forte Horsham Limited is part of a group. The parent company of the group is Monte Forte Holdings Limited by virtue of their shareholdings.
At the year end of the 31st March 2024 Monte Forte Horsham Limited owed £72,796 to Monte Forte Reigate Limited, another company in the group (2023 - £79,389).
At the year end of the 31st March 2024 Monte Forte Horsham Limited owed £47,711 to Monte Forte Redhill Limited, another company in the group (2023 - £9,917).
At the year end of the 31st March 2024 Monte Forte Horsham Limited owed £175,645 to Monte Forte Holdings Limited (2023 - £175,645).
At the year end of 31st March 2024 Monte Forte Farnham Limited, another company in the group, owed Monte Forte Horsham Limited £19,489 (2023 - £0). 
12. Ultimate Controlling Party
The company's ultimate controlling party is Monte Forte Holdings Limited by virtue of their ownership of 100% of the issued share capital in the company.
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