Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-282023-09-01falseNo description of principal activity73falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10915605 2023-09-01 2024-08-31 10915605 2022-09-01 2023-08-31 10915605 2024-08-31 10915605 2023-08-31 10915605 c:Director1 2023-09-01 2024-08-31 10915605 d:MotorVehicles 2023-09-01 2024-08-31 10915605 d:MotorVehicles 2024-08-31 10915605 d:MotorVehicles 2023-08-31 10915605 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10915605 d:ComputerEquipment 2023-09-01 2024-08-31 10915605 d:ComputerEquipment 2024-08-31 10915605 d:ComputerEquipment 2023-08-31 10915605 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10915605 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10915605 d:CurrentFinancialInstruments 2024-08-31 10915605 d:CurrentFinancialInstruments 2023-08-31 10915605 d:Non-currentFinancialInstruments 2024-08-31 10915605 d:Non-currentFinancialInstruments 2023-08-31 10915605 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10915605 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10915605 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10915605 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10915605 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10915605 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10915605 d:ShareCapital 2024-08-31 10915605 d:ShareCapital 2023-08-31 10915605 d:RetainedEarningsAccumulatedLosses 2024-08-31 10915605 d:RetainedEarningsAccumulatedLosses 2023-08-31 10915605 c:FRS102 2023-09-01 2024-08-31 10915605 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10915605 c:FullAccounts 2023-09-01 2024-08-31 10915605 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10915605 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 10915605 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 10915605 2 2023-09-01 2024-08-31 10915605 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10915605









FORTISAT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FORTISAT LTD
REGISTERED NUMBER: 10915605

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
62,755
83,002

  
62,755
83,002

Current assets
  

Debtors: amounts falling due within one year
 5 
384,194
286,001

Cash at bank and in hand
 6 
41,787
1,212

  
425,981
287,213

Creditors: amounts falling due within one year
 7 
(467,852)
(108,618)

Net current (liabilities)/assets
  
 
 
(41,871)
 
 
178,595

Total assets less current liabilities
  
20,884
261,597

Creditors: amounts falling due after more than one year
 8 
-
(1,990)

Provisions for liabilities
  

Deferred tax
 10 
(15,689)
(20,341)

  
 
 
(15,689)
 
 
(20,341)

Net assets
  
5,195
239,266


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,194
239,265

  
5,195
239,266


Page 1

 
FORTISAT LTD
REGISTERED NUMBER: 10915605
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J E Truett
Director

Date: 28 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Fortisat Ltd is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is 8-10 Hill Street, London, W1J 5NQ.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

 
2.5

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Computer equipment
-
33%

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.

 
2.6

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.

Page 4

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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 7 (2023 - 3).

Page 5

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
112,920
22,433
135,353


Additions
-
12,873
12,873



At 31 August 2024

112,920
35,306
148,226



Depreciation


At 1 September 2023
44,556
7,795
52,351


Charge for the year on owned assets
22,584
10,536
33,120



At 31 August 2024

67,140
18,331
85,471



Net book value



At 31 August 2024
45,780
16,975
62,755



At 31 August 2023
68,364
14,638
83,002

Page 6

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
173,184
204,500

Other debtors
181,074
38,255

Prepayments and accrued income
29,936
43,246

384,194
286,001



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,787
1,212

Less: bank overdrafts
(34,956)
-

6,831
1,212



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
34,956
-

Bank loans
-
4,877

Trade creditors
97,486
46,685

Corporation tax
119,252
40,643

Other taxation and social security
19,225
12,816

Other creditors
193,033
247

Accruals and deferred income
3,900
3,350

467,852
108,618


Page 7

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
1,990

-
1,990



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
4,877


-
4,877

Amounts falling due 1-2 years

Bank loans
-
1,990


-
1,990



-
6,867



10.


Deferred taxation




2024


£






At beginning of year
(20,341)


Charged to profit or loss
4,652



At end of year
(15,689)

Page 8

 
FORTISAT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(15,689)
(20,341)

(15,689)
(20,341)


11.


Related party transactions

At the balance sheet date £110,607 was due from the director. This was repaid within 9 months.

 
Page 9