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Company Registration No. 02922102 (England and Wales)
Forte's (wales) Limited Unaudited accounts for the year ended 30 April 2024
Forte's (wales) Limited Unaudited accounts Contents
Page
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Forte's (wales) Limited Company Information for the year ended 30 April 2024
Directors
Gina Anna Jones Ines Patricia Hobson Angela Rosina Evans
Company Number
02922102 (England and Wales)
Registered Office
Hadden Court Building Penrhyn Avenue Rhos On Sea COLWYN BAY Clwyd LL28 4NH Wales
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Forte's (wales) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
665,488 
667,570 
Current assets
Inventories
15,000 
10,000 
Cash at bank and in hand
169,396 
250,547 
184,396 
260,547 
Creditors: amounts falling due within one year
(114,036)
(102,646)
Net current assets
70,360 
157,901 
Total assets less current liabilities
735,848 
825,471 
Provisions for liabilities
Deferred tax
(1,582)
(1,978)
Net assets
734,266 
823,493 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
572,002 
572,002 
Profit and loss account
161,264 
250,491 
Shareholders' funds
734,266 
823,493 
For the year ending 30 April 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 7 November 2024 and were signed on its behalf by
Angela Rosina Evans Director Company Registration No. 02922102
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Forte's (wales) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Forte's (wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 02922102. The registered office is Hadden Court Building, Penrhyn Avenue Rhos On Sea, COLWYN BAY, Clwyd, LL28 4NH, Wales.
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
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements 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%
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
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Forte's (wales) Limited Notes to the Accounts for the year ended 30 April 2024
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rental Income
Rents received relates to income received from renting the investment property component of freehold property.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
657,160 
181,974 
839,134 
At 30 April 2024
657,160 
181,974 
839,134 
Depreciation
At 1 May 2023
- 
171,564 
171,564 
Charge for the year
- 
2,082 
2,082 
At 30 April 2024
- 
173,646 
173,646 
Net book value
At 30 April 2024
657,160 
8,328 
665,488 
At 30 April 2023
657,160 
10,410 
667,570 
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Forte's (wales) Limited Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,654 
23,135 
Trade creditors
3,901 
12,906 
Taxes and social security
38,363 
15,662 
Other creditors
24,078 
24,563 
Loans from directors
21,515 
21,515 
Accruals
5,525 
4,865 
114,036 
102,646 
6
Average number of employees
During the year the average number of employees was 26 (2023: 26).
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