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REGISTERED NUMBER: 04540174 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

FORTUNE EXIMPORTS LTD

FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTUNE EXIMPORTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: T Vyas





SECRETARY: K Vyas





REGISTERED OFFICE: 5 Shuttleworth Road
Elms Industrial Farm
Bedford
Bedfordshire
MK41 0EP





REGISTERED NUMBER: 04540174 (England and Wales)






FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,297 69,173

CURRENT ASSETS
Stocks 154,385 114,750
Debtors 5 587,958 128,585
Cash at bank and in hand 47,520 129,458
789,863 372,793
CREDITORS
Amounts falling due within one year 6 (627,201 ) (228,497 )
NET CURRENT ASSETS 162,662 144,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,959

213,469

CREDITORS
Amounts falling due after more than one
year

7

(86,424

)

(98,503

)

PROVISIONS FOR LIABILITIES (15,575 ) (17,293 )
NET ASSETS 122,960 97,673

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,860 97,573
SHAREHOLDERS' FUNDS 122,960 97,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th June 2025 and were signed by:





T Vyas - Director


FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Fortune Eximports Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures Fittings & Equipment - 25% 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 Statement of Income and Retained Earnings, 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.

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange at balance sheet date. Transactions in foreign currencies are translated into Sterling at the average rate of exchange for the year. Exchange differences are taken into account in arriving at the operating result.

FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Fittings Motor
& Equipment vehicles Totals
£    £    £   
COST
At 1st October 2023 65,039 104,179 169,218
Additions - 15,999 15,999
Disposals - (12,150 ) (12,150 )
At 30th September 2024 65,039 108,028 173,067
DEPRECIATION
At 1st October 2023 38,748 61,297 100,045
Charge for year 6,573 14,194 20,767
Eliminated on disposal - (10,042 ) (10,042 )
At 30th September 2024 45,321 65,449 110,770
NET BOOK VALUE
At 30th September 2024 19,718 42,579 62,297
At 30th September 2023 26,291 42,882 69,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 566,621 91,347
Other debtors and prepayments 1,948 3,102
VAT 19,389 34,136
587,958 128,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,744 6,222
Hire purchase contracts 17,646 12,889
Trade creditors 566,523 189,880
Tax 5,345 130
Social security and other taxes 4,242 1,441
Other creditors and accruals 24,810 16,957
Director's current account 891 978
627,201 228,497

FORTUNE EXIMPORTS LTD (REGISTERED NUMBER: 04540174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,464 31,800
Other loans - 1-2 years 43,714 48,714
Hire purchase contracts 16,246 17,989
86,424 98,503