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Registered number: 07115591
Fortis Construction Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Julie Court
Jason Court
Joseph Court
Company Number 07115591
Registered Office 51 Betjeman Way
Hemel Hempstead
Herts
HP1 3HJ
Accountants HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Page 1
Page 2
Balance Sheet
Registered number: 07115591
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,787 13,412
65,787 13,412
CURRENT ASSETS
Debtors 5 85,392 57,197
Cash at bank and in hand 171,635 90,762
257,027 147,959
Creditors: Amounts Falling Due Within One Year 6 (172,490 ) (109,496 )
NET CURRENT ASSETS (LIABILITIES) 84,537 38,463
TOTAL ASSETS LESS CURRENT LIABILITIES 150,324 51,875
Creditors: Amounts Falling Due After More Than One Year 7 (28,905 ) (5,600 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,447 ) (2,549 )
NET ASSETS 104,972 43,726
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 104,872 43,626
SHAREHOLDERS' FUNDS 104,972 43,726
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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
Julie Court
Director
31 August 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Fortis Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07115591 . The registered office is 51 Betjeman Way, Hemel Hempstead, Herts , HP1 3HJ.
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.
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.
Presentation currency
The accounts are presented in GBP sterling.
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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
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2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7.
Presentation currency
The accounts are presented in GBP.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 40,893 2,577 43,470
Additions 71,515 369 71,884
Disposals (21,703 ) - (21,703 )
As at 31 March 2024 90,705 2,946 93,651
Depreciation
As at 1 April 2023 29,186 872 30,058
Provided during the period 16,568 518 17,086
Disposals (19,280 ) - (19,280 )
As at 31 March 2024 26,474 1,390 27,864
Net Book Value
As at 31 March 2024 64,231 1,556 65,787
As at 1 April 2023 11,707 1,705 13,412
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 285 57,197
Prepayments and accrued income 10,000 -
Other debtors 75,107 -
85,392 57,197
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,941 30,112
Bank loans and overdrafts 2,400 2,400
Corporation tax 25,805 24,275
Other taxes and social security 8,113 8,958
VAT 31,059 11,141
Other creditors - 3,664
Accruals 48,386 8,820
Directors' loan accounts 28,786 20,126
172,490 109,496
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,200 5,600
Finance lease and HP contracts > 1 year 25,705 -
28,905 5,600
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, the company paid its directors dividends of £58,824 (2023 - £60,000). 
At the end of the year the company owed the directors £28,786 (2023 - £20,126).
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