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REGISTERED NUMBER: 07359126 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Fortis Trading Ltd

Fortis Trading Ltd (Registered number: 07359126)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Fortis Trading Ltd (Registered number: 07359126)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,265 14,128

CURRENT ASSETS
Stocks 267,683 243,184
Debtors 5 29,045 83,708
Cash at bank and in hand 80,093 91,919
376,821 418,811
CREDITORS
Amounts falling due within one year 6 87,644 80,755
NET CURRENT ASSETS 289,177 338,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,442

352,184

CREDITORS
Amounts falling due after more than
one year

7

(34,167

)

(39,167

)

PROVISIONS FOR LIABILITIES (1,950 ) (2,685 )
NET ASSETS 263,325 310,332

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 149,631 149,631
Retained earnings 112,694 159,701
263,325 310,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fortis Trading Ltd (Registered number: 07359126)

Statement of Financial Position - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2024 and were signed by:





Mr M Gadd - Director


Fortis Trading Ltd (Registered number: 07359126)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fortis Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07359126

Registered office: Arrow Mill
Queensway
Rochdale
Lancashire
OL11 2YW

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Fortis Trading Ltd (Registered number: 07359126)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 74,648
Additions 266
Disposals (2,412 )
At 31 August 2024 72,502
DEPRECIATION
At 1 September 2023 60,520
Charge for year 3,421
Eliminated on disposal (1,704 )
At 31 August 2024 62,237
NET BOOK VALUE
At 31 August 2024 10,265
At 31 August 2023 14,128

Fortis Trading Ltd (Registered number: 07359126)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 23,532 83,019
Other debtors 5,513 689
29,045 83,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 17,664 1,119
Taxation and social security 38,919 44,530
Other creditors 26,061 30,106
87,644 80,755

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 34,167 39,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,167 19,167