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REGISTERED NUMBER: 12838116 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FORTIFIX LIMITED

FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTIFIX LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mrs N Slater





REGISTERED OFFICE: Lingmell House
Water Street
Chorley
Lancashire
PR7 1EE





REGISTERED NUMBER: 12838116 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,250 -
Tangible assets 5 1,482,246 1,508,694
1,488,496 1,508,694

CURRENT ASSETS
Debtors 6 45,175 46,429
Cash at bank 327 1,881
45,502 48,310
CREDITORS
Amounts falling due within one year 7 560,187 381,884
NET CURRENT LIABILITIES (514,685 ) (333,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,811

1,175,120

CREDITORS
Amounts falling due after more than one
year

8

1,183,427

1,249,795
NET LIABILITIES (209,616 ) (74,675 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (209,716 ) (74,775 )
SHAREHOLDERS' FUNDS (209,616 ) (74,675 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

BALANCE SHEET - continued
30 April 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 28 November 2024 and were signed by:





Mrs N Slater - Director


FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Fortifix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

TANGIBLE FIXED ASSETS
Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.

Land and Buildings - 2% on cost
Fixtures and Fittings - 15% on cost

Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 balance sheet date.


FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 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 balance sheet 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.

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 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 6,250
At 30 April 2024 6,250
NET BOOK VALUE
At 30 April 2024 6,250

FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 1,538,246 1,427 1,539,673
Additions - 5,173 5,173
Disposals - (713 ) (713 )
At 30 April 2024 1,538,246 5,887 1,544,133
DEPRECIATION
At 1 May 2023 30,765 214 30,979
Charge for year 30,765 143 30,908
At 30 April 2024 61,530 357 61,887
NET BOOK VALUE
At 30 April 2024 1,476,716 5,530 1,482,246
At 30 April 2023 1,507,481 1,213 1,508,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 4,006 4,006
Directors' current accounts 2,064 -
VAT 2,147 5,465
Prepayments and accrued income 36,958 36,958
45,175 46,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 100,205 100,205
Trade creditors 5,806 9,409
Amounts owed to group undertakings 415,405 232,806
Social security and other taxes 7,881 5,683
Other creditors 1,963 2,106
Accruals and deferred income 28,927 31,675
560,187 381,884

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 1,183,427 1,249,795

FORTIFIX LIMITED (REGISTERED NUMBER: 12838116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,283,632 1,350,000

Secured debts relate to a fixed charge over the freehold property, known as "Lingmell House, Water Street, Chorley, PR7 1EE".

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A Shares 1 50 50
50 Ordinary B Shares 1 50 50
100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs N Slater
Balance outstanding at start of year 4,331 1,702
Amounts advanced - 2,629
Amounts repaid (2,267 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,064 4,331

12. ULTIMATE CONTROLLING PARTY

The controlling party is JST Group Ltd.

The ultimate controlling party is Mr J Slater.