Company Registration No. 10077289 (England and Wales)
MFORTE LIMITED
Unaudited accounts
for the year ended 30 November 2024
MFORTE LIMITED
Unaudited accounts
Contents
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
MFORTE LIMITED
Statement of financial position
as at 30 November 2024
Intangible assets
20,443
22,193
Tangible assets
249,927
291,353
Cash at bank and in hand
8,259
139,731
Creditors: amounts falling due within one year
(441,387)
(583,107)
Net current liabilities
(405,740)
(342,283)
Net liabilities
(135,370)
(28,737)
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
MFORTE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 10 years straight line.
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
At 30 November 2024
23,943
At 30 November 2024
20,443
At 30 November 2023
22,193
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
At 30 November 2024
309,712
6,210
315,922
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
At 30 November 2024
246,475
3,452
249,927
At 30 November 2023
285,831
5,522
291,353
Amounts falling due within one year
Accrued income and prepayments
5,000
11,374
Other debtors
18,905
18,000
7
Creditors: amounts falling due within one year
2024
2023
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
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
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
10
Average number of employees
During the year the average number of employees was 3 (2023: 1).