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REGISTERED NUMBER: 06186626 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

FORTEC HOLDINGS LIMITED

FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTEC HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2024







DIRECTOR: R Dutton





REGISTERED OFFICE: Alvis Way
Royal Oak Industrial Estate
Daventry
Northamptonshire
NN11 8PG





REGISTERED NUMBER: 06186626 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)

BALANCE SHEET
30 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 870,802 882,982
Investments 5 1,099 1,099
871,901 884,081

CURRENT ASSETS
Debtors 6 1,209,755 2,266,737
Cash at bank 1,864,497 1,005,694
3,074,252 3,272,431
CREDITORS
Amounts falling due within one year 7 35,194 136,793
NET CURRENT ASSETS 3,039,058 3,135,638
TOTAL ASSETS LESS CURRENT LIABILITIES 3,910,959 4,019,719

PROVISIONS FOR LIABILITIES 101,200 128,391
NET ASSETS 3,809,759 3,891,328

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Revaluation reserve 20,000 40,000
Retained earnings 3,788,659 3,850,228
SHAREHOLDERS' FUNDS 3,809,759 3,891,328

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)

BALANCE SHEET - continued
30 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 director and authorised for issue on 10 July 2025 and were signed by:





R Dutton - Director


FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1. STATUTORY INFORMATION

Fortec Holdings Limited 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Fortec Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Racing cars - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Racing Motor Computer
machinery cars vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 31 December 2023 216,141 980,316 844,021 25,998 2,066,476
Additions 31,780 88,665 211,715 1,711 333,871
Disposals (5,500 ) - (129,495 ) (3,273 ) (138,268 )
At 30 December 2024 242,421 1,068,981 926,241 24,436 2,262,079
DEPRECIATION
At 31 December 2023 170,322 513,371 475,376 24,425 1,183,494
Charge for year 9,678 227,108 92,750 1,074 330,610
Eliminated on disposal (5,421 ) - (114,133 ) (3,273 ) (122,827 )
At 30 December 2024 174,579 740,479 453,993 22,226 1,391,277
NET BOOK VALUE
At 30 December 2024 67,842 328,502 472,248 2,210 870,802
At 30 December 2023 45,819 466,945 368,645 1,573 882,982

FORTEC HOLDINGS LIMITED (REGISTERED NUMBER: 06186626)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 December 2024 is represented by:

Plant and Racing Motor Computer
machinery cars vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 - 40,000 - - 40,000
Cost 242,421 1,028,981 926,241 24,436 2,222,079
242,421 1,068,981 926,241 24,436 2,262,079

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 December 2023
and 30 December 2024 1,099
NET BOOK VALUE
At 30 December 2024 1,099
At 30 December 2023 1,099

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,189,755 2,246,737
Other debtors 20,000 20,000
1,209,755 2,266,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 98,957
Amounts owed to group undertakings 100 100
Taxation and social security 11,444 9,263
Other creditors 23,650 28,473
35,194 136,793

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,100 Ordinary £1 1,100 1,100