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REGISTERED NUMBER: SC562510 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Forte Engineering Limited

Forte Engineering Limited (Registered number: SC562510)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Forte Engineering Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D J Riddell
Mrs P Riddell
M McGlinchey





REGISTERED OFFICE: Unit 2
Rankine Avenue
East Kilbride
Glasgow
G75 0QF





REGISTERED NUMBER: SC562510 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Forte Engineering Limited (Registered number: SC562510)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,786 190,555

CURRENT ASSETS
Stocks 275,000 150,000
Debtors 5 1,176,546 235,316
Cash at bank and in hand 514,202 354,653
1,965,748 739,969
CREDITORS
Amounts falling due within one year 6 1,333,723 355,838
NET CURRENT ASSETS 632,025 384,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,811

574,686

CREDITORS
Amounts falling due after more than one
year

7

(467,383

)

(140,748

)

PROVISIONS FOR LIABILITIES (77,000 ) (32,000 )
NET ASSETS 418,428 401,938

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,328 401,838
SHAREHOLDERS' FUNDS 418,428 401,938

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 directors acknowledge their 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.

Forte Engineering Limited (Registered number: SC562510)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





D Riddell - Director


Forte Engineering Limited (Registered number: SC562510)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Forte Engineering Limited (Registered number: SC562510)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 22,649 37,388 6,941 246,112 313,090
Additions - 21,950 6,222 176,414 204,586
At 30 April 2024 22,649 59,338 13,163 422,526 517,676
DEPRECIATION
At 1 May 2023 - 13,821 3,026 105,688 122,535
Charge for year - 8,777 2,098 53,480 64,355
At 30 April 2024 - 22,598 5,124 159,168 186,890
NET BOOK VALUE
At 30 April 2024 22,649 36,740 8,039 263,358 330,786
At 30 April 2023 22,649 23,567 3,915 140,424 190,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 1,154,925 166,257
Other debtors 7,829 5,000
Tax - 25,638
VAT 2,188 26,087
Prepayments 11,604 12,334
1,176,546 235,316

Forte Engineering Limited (Registered number: SC562510)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 201,005 9,986
CBILS Loan 47,600 47,600
Hire purchase contracts 42,605 46,415
Trade creditors 936,227 132,537
Tax 1,465 27,126
Social security and other taxes 34,717 12,841
Other creditors 62,548 13,706
Directors' loan accounts 3,241 61,512
Accrued expenses 4,315 4,115
1,333,723 355,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 369,879 -
CBILS Loan 49,933 97,534
Hire purchase contracts 47,571 43,214
467,383 140,748