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Company Registration No. 10077289 (England and Wales)
MFORTE LIMITED Unaudited accounts for the year ended 30 November 2024
MFORTE LIMITED Unaudited accounts Contents
Page
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MFORTE LIMITED Company Information for the year ended 30 November 2024
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 205 Regent Street 4th Floor London W1B 4HB
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MFORTE LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,443 
22,193 
Tangible assets
249,927 
291,353 
270,370 
313,546 
Current assets
Inventories
3,483 
4,104 
Debtors
23,905 
96,989 
Cash at bank and in hand
8,259 
139,731 
35,647 
240,824 
Creditors: amounts falling due within one year
(441,387)
(583,107)
Net current liabilities
(405,740)
(342,283)
Net liabilities
(135,370)
(28,737)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(135,380)
(28,747)
Shareholders' funds
(135,370)
(28,737)
For the year ending 30 November 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 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 10 December 2024 and were signed on its behalf by
Moshe Michael Forte Director Company Registration No. 10077289
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Computer equipment
33.33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 10 years straight line.
Foreign exchange
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2023
23,943 
At 30 November 2024
23,943 
Amortisation
At 1 December 2023
1,750 
Charge for the year
1,750 
At 30 November 2024
3,500 
Net book value
At 30 November 2024
20,443 
At 30 November 2023
22,193 
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
287,493 
6,210 
293,703 
Additions
22,219 
- 
22,219 
At 30 November 2024
309,712 
6,210 
315,922 
Depreciation
At 1 December 2023
1,662 
688 
2,350 
Charge for the year
61,575 
2,070 
63,645 
At 30 November 2024
63,237 
2,758 
65,995 
Net book value
At 30 November 2024
246,475 
3,452 
249,927 
At 30 November 2023
285,831 
5,522 
291,353 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
67,615 
Accrued income and prepayments
5,000 
11,374 
Other debtors
18,905 
18,000 
23,905 
96,989 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,413 
- 
Trade creditors
11,592 
40,103 
Taxes and social security
78 
94 
Other creditors
1,718 
1,048 
Loans from directors
422,740 
541,862 
Accruals
3,846 
- 
441,387 
583,107 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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MFORTE LIMITED Notes to the Accounts for the year ended 30 November 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 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 
- 
270,000 
10
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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