Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04833618 2023-10-01 2024-09-30 04833618 2022-10-01 2023-09-30 04833618 2024-09-30 04833618 2023-09-30 04833618 c:Director1 2023-10-01 2024-09-30 04833618 d:PlantMachinery 2023-10-01 2024-09-30 04833618 d:PlantMachinery 2024-09-30 04833618 d:PlantMachinery 2023-09-30 04833618 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04833618 d:MotorVehicles 2023-10-01 2024-09-30 04833618 d:MotorVehicles 2024-09-30 04833618 d:MotorVehicles 2023-09-30 04833618 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04833618 d:OfficeEquipment 2023-10-01 2024-09-30 04833618 d:OfficeEquipment 2024-09-30 04833618 d:OfficeEquipment 2023-09-30 04833618 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04833618 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04833618 d:CurrentFinancialInstruments 2024-09-30 04833618 d:CurrentFinancialInstruments 2023-09-30 04833618 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04833618 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04833618 d:ShareCapital 2024-09-30 04833618 d:ShareCapital 2023-09-30 04833618 d:RetainedEarningsAccumulatedLosses 2024-09-30 04833618 d:RetainedEarningsAccumulatedLosses 2023-09-30 04833618 c:OrdinaryShareClass1 2023-10-01 2024-09-30 04833618 c:OrdinaryShareClass1 2024-09-30 04833618 c:OrdinaryShareClass2 2023-10-01 2024-09-30 04833618 c:OrdinaryShareClass2 2024-09-30 04833618 c:FRS102 2023-10-01 2024-09-30 04833618 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04833618 c:FullAccounts 2023-10-01 2024-09-30 04833618 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04833618 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 04833618 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 04833618 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 04833618 2 2023-10-01 2024-09-30 04833618 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04833618









FORTINK LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FORTINK LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 7


 
FORTINK LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORTINK LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fortink Ltd for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Fortink Ltd in accordance with the terms of our engagement letter dated 28 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of Fortink Ltd and state those matters that we have agreed to state to the director of Fortink Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fortink Ltd and its director for our work or for this report. 

It is your duty to ensure that Fortink Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fortink Ltd. You consider that Fortink Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fortink Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
10 February 2025
Page 1

 
FORTINK LTD
REGISTERED NUMBER: 04833618

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
19,629

  
-
19,629

Current assets
  

Stocks
  
-
400

Debtors: amounts falling due within one year
 5 
10,827
14,586

Cash at bank and in hand
  
9,506
8,595

  
20,333
23,581

Creditors: amounts falling due within one year
 6 
(12,152)
(20,161)

Net current assets
  
 
 
8,181
 
 
3,420

Total assets less current liabilities
  
8,181
23,049

Provisions for liabilities
  

Deferred tax
  
-
(4,907)

  
 
 
-
 
 
(4,907)

Net assets
  
8,181
18,142


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
8,081
18,042

  
8,181
18,142


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
FORTINK LTD
REGISTERED NUMBER: 04833618
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2024.




C Foreman
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
FORTINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity was building construction. It ceased trading on 5 August 2024. The principal place of business was Watton, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company ceased trading on 5 August 2024.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of construction services during the year, exclusive of Value Added Tax.
Revenue is recognised on an accruals basis in accordance with work done.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FORTINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,
Page 5

 
FORTINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£





At 1 October 2023
19,604
32,828
9,385
61,817


Additions
72
-
-
72


Disposals
(19,676)
(32,828)
(9,385)
(61,889)



At 30 September 2024

-
-
-
-





At 1 October 2023
12,344
23,327
6,516
42,187


Charge for the year on owned assets
1,088
2,375
430
3,893


Disposals
(13,432)
(25,702)
(6,946)
(46,080)



At 30 September 2024

-
-
-
-



Net book value



At 30 September 2024
-
-
-
-



At 30 September 2023
7,259
9,501
2,869
19,629

Page 6

 
FORTINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
14,055

Other debtors
10,827
467

Prepayments and accrued income
-
64

10,827
14,586



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
8,680

Other taxation and social security
9,437
4,164

Other creditors
-
4,167

Accruals and deferred income
2,715
3,150

12,152
20,161



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



66 Ordinary A shares of £1.00 each
66
66
34 Ordinary B shares of £1.00 each
34
34

100

100



8.


Related party transactions

At 1 October 2023 the company owed the director £4,168. During the year they introduced £6,621 and assets valued at £21,304 were transferred from the company.
As a result, at 30 September 2024 the director owed the company 
£10,515.

 
Page 7