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REGISTERED NUMBER: 09345390 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FORTIS ALUMINIUM LTD

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTIS ALUMINIUM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G Chandler
Mrs L Chandler





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 09345390 (England and Wales)

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,218 1,577
Tangible assets 5 179,881 113,162
181,099 114,739

CURRENT ASSETS
Stocks 6 4,000 7,000
Debtors 7 20,676 29,802
Cash at bank 56,717 10,959
81,393 47,761
CREDITORS
Amounts falling due within one year 8 88,044 70,926
NET CURRENT LIABILITIES (6,651 ) (23,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,448

91,574

CREDITORS
Amounts falling due after more than one
year

9

(133,291

)

(68,223

)

PROVISIONS FOR LIABILITIES 11 (40,809 ) (22,980 )
NET ASSETS 348 371

CAPITAL AND RESERVES
Called up share capital 12 10 10
Retained earnings 338 361
SHAREHOLDERS' FUNDS 348 371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mr G Chandler - Director


FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Fortis Aluminium Limited (formerly CMS Garage Doors Limited) is a private company, limited by shares, registered in England and Wales. The company's 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
Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services, except in respect of service contracts where revenue is recognised when the company obtains the right to consideration.

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.

Website costs is being amortised evenly over its estimated useful life of five years.

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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit and loss on straight line basis over the period of lease.

Creditors
Short term trade 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 1,785
AMORTISATION
At 1 January 2024 208
Charge for year 359
At 31 December 2024 567
NET BOOK VALUE
At 31 December 2024 1,218
At 31 December 2023 1,577

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 126,630 26,660 102,340 255,630
Additions 11,531 7,674 89,050 108,255
Disposals - - (46,495 ) (46,495 )
At 31 December 2024 138,161 34,334 144,895 317,390
DEPRECIATION
At 1 January 2024 82,436 5,805 54,227 142,468
Charge for year 11,628 4,745 15,157 31,530
Eliminated on disposal - - (36,489 ) (36,489 )
At 31 December 2024 94,064 10,550 32,895 137,509
NET BOOK VALUE
At 31 December 2024 44,097 23,784 112,000 179,881
At 31 December 2023 44,194 20,855 48,113 113,162

6. STOCKS
2024 2023
£    £   
Stocks 4,000 7,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,178 10,263
Other debtors 16,498 19,539
20,676 29,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 26,080 25,863
Trade creditors 19,346 16,571
Taxation and social security 15,436 17,687
Other creditors 22,182 5,805
88,044 70,926

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,583 34,583
Hire purchase contracts 103,708 33,640
133,291 68,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 9,583 14,583
9,583 14,583

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 129,789 59,503

Hire purchase contracts are secured upon the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 40,809 22,980

Deferred
tax
£   
Balance at 1 January 2024 22,980
Movement during the year 17,829
Movement on losses
Balance at 31 December 2024 40,809

FORTIS ALUMINIUM LTD (REGISTERED NUMBER: 09345390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary A £1 8 8
2 Ordinary B £1 2 2
10 10

The Ordinary A shares of £1 each and the Ordinary B shares of £1 each rank pari passu to each other in all respects.

13. OTHER FINANCIAL COMMITMENTS

The company had future operating lease commitments of £54,450 (2023 - £75,300).

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr G Chandler and Mrs L Chandler
Balance outstanding at start of year 13,697 (29,652 )
Amounts advanced 109,018 117,956
Amounts repaid (118,199 ) (74,607 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,516 13,697

No interest was charged on the above balances.