Company registration number 11483037 (England and Wales)
FORTITUDE NICSA GLOBAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
FORTITUDE NICSA GLOBAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FORTITUDE NICSA GLOBAL LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,418
11,599
Current assets
Stocks
28,293
-
Debtors
5
449,371
507,259
Cash at bank and in hand
311,469
189,761
789,133
697,020
Creditors: amounts falling due within one year
6
(435,303)
(442,863)
Net current assets
353,830
254,157
Net assets
367,248
265,756
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
367,148
265,656
Total equity
367,248
265,756

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 November 2024 and are signed on its behalf by:
Mrs Katy Upton
Director
Company registration number 11483037 (England and Wales)
FORTITUDE NICSA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Fortitude Nicsa Global Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Royal Scot Road, Pride Park, Derby, DE24 8AJ. The company registration number is 11483037.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance method
Computers
25% reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

FORTITUDE NICSA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
8
FORTITUDE NICSA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023
20,295
Additions
5,232
At 29 February 2024
25,527
Depreciation and impairment
At 1 March 2023
8,696
Depreciation charged in the year
3,413
At 29 February 2024
12,109
Carrying amount
At 29 February 2024
13,418
At 28 February 2023
11,599
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
250,143
384,208
Corporation tax recoverable
24,534
2,995
Other debtors
174,694
120,056
449,371
507,259
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
131,959
327,386
Corporation tax
53,667
10,308
Other taxation and social security
14,770
10,325
Other creditors
234,907
94,844
435,303
442,863
FORTITUDE NICSA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 5 -
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
2.25
8,871
131,092
2,731
142,694
8,871
131,092
2,731
142,694
2024-02-292023-03-01false28 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr Mario PastorMrs Katy Uptonfalsefalse114830372023-03-012024-02-29114830372024-02-29114830372023-02-2811483037core:OtherPropertyPlantEquipment2024-02-2911483037core:OtherPropertyPlantEquipment2023-02-2811483037core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2911483037core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2811483037core:CurrentFinancialInstruments2024-02-2911483037core:CurrentFinancialInstruments2023-02-2811483037core:ShareCapital2024-02-2911483037core:ShareCapital2023-02-2811483037core:RetainedEarningsAccumulatedLosses2024-02-2911483037core:RetainedEarningsAccumulatedLosses2023-02-2811483037bus:Director22023-03-012024-02-2911483037core:FurnitureFittings2023-03-012024-02-2911483037core:ComputerEquipment2023-03-012024-02-29114830372022-03-012023-02-2811483037core:OtherPropertyPlantEquipment2023-02-2811483037core:OtherPropertyPlantEquipment2023-03-012024-02-2911483037core:WithinOneYear2024-02-2911483037core:WithinOneYear2023-02-2811483037bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911483037bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911483037bus:FRS1022023-03-012024-02-2911483037bus:AuditExemptWithAccountantsReport2023-03-012024-02-2911483037bus:Director12023-03-012024-02-2911483037bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP