Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10873177 Mr Darren Carter Mr Miles Stephenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10873177 2023-06-30 10873177 2024-06-30 10873177 2023-07-01 2024-06-30 10873177 frs-core:CurrentFinancialInstruments 2024-06-30 10873177 frs-core:Non-currentFinancialInstruments 2024-06-30 10873177 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10873177 frs-core:PlantMachinery 2024-06-30 10873177 frs-core:PlantMachinery 2023-07-01 2024-06-30 10873177 frs-core:PlantMachinery 2023-06-30 10873177 frs-core:ShareCapital 2024-06-30 10873177 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10873177 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10873177 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10873177 frs-bus:SmallEntities 2023-07-01 2024-06-30 10873177 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10873177 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10873177 frs-bus:Director1 2023-07-01 2024-06-30 10873177 frs-bus:Director2 2023-07-01 2024-06-30 10873177 frs-countries:EnglandWales 2023-07-01 2024-06-30 10873177 2022-06-30 10873177 2023-06-30 10873177 2022-07-01 2023-06-30 10873177 frs-core:CurrentFinancialInstruments 2023-06-30 10873177 frs-core:Non-currentFinancialInstruments 2023-06-30 10873177 frs-core:ShareCapital 2023-06-30 10873177 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10873177
Fortress Build Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Jeannette McLellan Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10873177
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 360 479
Investment Properties 5 476,191 476,191
476,551 476,670
CURRENT ASSETS
Debtors 6 219 50,805
Cash at bank and in hand 15,027 36,024
15,246 86,829
Creditors: Amounts Falling Due Within One Year 7 (261,697 ) (353,508 )
NET CURRENT ASSETS (LIABILITIES) (246,451 ) (266,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES 230,100 209,991
Creditors: Amounts Falling Due After More Than One Year 8 (263,981 ) (263,936 )
NET LIABILITIES (33,881 ) (53,945 )
CAPITAL AND RESERVES
Called up share capital 10 751 751
Profit and Loss Account (34,632 ) (54,696 )
SHAREHOLDERS' FUNDS (33,881) (53,945)
Page 1
Page 2
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren Carter
Director
04/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fortress Build Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10873177 . The registered office is Broga Fach, Llanmadoc, Swansea, SA3 1DB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Fixtures & Fittings 25%
2.4. Investment Properties
Investment property is shown at most recent valuation. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 1,785
As at 30 June 2024 1,785
Depreciation
As at 1 July 2023 1,306
Provided during the period 119
As at 30 June 2024 1,425
Net Book Value
As at 30 June 2024 360
As at 1 July 2023 479
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 476,191
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 219 50,805
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 92 27,560
Bank loans and overdrafts 5,942 9,042
Amounts owed to group undertakings 242,215 193,206
Amounts owed to participating interests 5,809 118,309
Other creditors 5,441 5,391
Taxation and social security 2,198 -
261,697 353,508
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 263,981 263,936
9. Secured Creditors
On 26 August 2021 the company borrowed £259,980 from Shawbrook Bank Ltd secured on retail premises at 16-20 College Street, Northampton NN1 1RT
2024 2023
£ £
Bank loans and overdrafts 263,980 263,936
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 751 751
Page 4