1 January 2024 false No description of principal activity Taxfiler 2024.6 08804584business:PrivateLimitedCompanyLtd2024-01-012024-12-31 088045842023-12-31 088045842024-01-012024-12-31 08804584business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08804584business:FilletedAccounts2024-01-012024-12-31 088045842024-12-31 08804584business:Director12024-01-012024-12-31 08804584business:RegisteredOffice2024-01-012024-12-31 088045842023-12-31 08804584core:WithinOneYear2024-12-31 08804584core:WithinOneYear2023-12-31 08804584core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08804584core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08804584core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 08804584core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 08804584core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08804584core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08804584core:PreviouslyStatedAmount2024-12-31 08804584core:PreviouslyStatedAmount2023-12-31 08804584business:SmallEntities2024-01-012024-12-31 08804584countries:EnglandWales2024-01-012024-12-31 08804584core:PlantMachinery2024-01-012024-12-31 08804584core:FurnitureFittings2024-01-012024-12-31 08804584core:ComputerEquipment2024-01-012024-12-31 08804584core:PlantMachinery2023-12-31 08804584core:MotorVehicles2023-12-31 08804584core:FurnitureFittings2023-12-31 08804584core:ComputerEquipment2023-12-31 08804584core:MotorVehicles2024-01-012024-12-31 08804584core:PlantMachinery2024-12-31 08804584core:MotorVehicles2024-12-31 08804584core:FurnitureFittings2024-12-31 08804584core:ComputerEquipment2024-12-31 08804584core:AcceleratedTaxDepreciationDeferredTax2024-12-31 08804584core:AcceleratedTaxDepreciationDeferredTax2023-12-31 088045842022-12-31 088045842023-01-012023-12-31 08804584business:OrdinaryShareClass12024-01-012024-12-31 08804584business:OrdinaryShareClass12023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08804584 (England and Wales)
FORTEX ENGINEERING LIMITED Unaudited accounts for the year ended 31 December 2024
FORTEX ENGINEERING LIMITED Unaudited accounts Contents
Page
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FORTEX ENGINEERING LIMITED Company Information for the year ended 31 December 2024
Director
B. A. Holland
Company Number
08804584 (England and Wales)
Registered Office
Unit 16 Freeman Road North Hykeham Lincoln Lincolnshire LN6 9AP
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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FORTEX ENGINEERING LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,299 
49,794 
Current assets
Inventories
46,000 
36,000 
Debtors
170,731 
122,686 
Cash at bank and in hand
909,543 
617,873 
1,126,274 
776,559 
Creditors: amounts falling due within one year
(177,003)
(112,268)
Net current assets
949,271 
664,291 
Total assets less current liabilities
961,570 
714,085 
Provisions for liabilities
Deferred tax
(295)
(7,689)
Net assets
961,275 
706,396 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
70,241 
70,241 
Profit and loss account
890,934 
636,055 
Shareholders' funds
961,275 
706,396 
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 July 2025 and were signed on its behalf by
B. A. Holland Director Company Registration No. 08804584
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FORTEX ENGINEERING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
FORTEX ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08804584. The registered office is Unit 16 Freeman Road, North Hykeham, Lincoln, Lincolnshire, LN6 9AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. No revaluations of fixed assets have been included in these accounts and the director concludes the carrying value of assets to be in line with current economic conditions
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: A revaluation process has been carried out this financial year therefore deprecation has not been charged to the profit and loss account in this period.
Plant & machinery
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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FORTEX ENGINEERING LIMITED Notes to the Accounts for the year ended 31 December 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
96,382 
24,000 
3,187 
1,606 
125,175 
Additions
- 
7,040 
- 
- 
7,040 
Disposals
- 
(24,000)
- 
- 
(24,000)
At 31 December 2024
96,382 
7,040 
3,187 
1,606 
108,215 
Depreciation
At 1 January 2024
66,855 
4,800 
2,367 
1,359 
75,381 
Charge for the year
22,533 
1,760 
796 
246 
25,335 
On disposals
- 
(4,800)
- 
- 
(4,800)
At 31 December 2024
89,388 
1,760 
3,163 
1,605 
95,916 
Net book value
At 31 December 2024
6,994 
5,280 
24 
1 
12,299 
At 31 December 2023
29,527 
19,200 
820 
247 
49,794 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
170,731 
122,686 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,382 
1,399 
Trade creditors
63,672 
29,304 
Taxes and social security
102,349 
81,483 
Other creditors
- 
82 
Accruals
600 
- 
177,003 
112,268 
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FORTEX ENGINEERING LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
295 
7,689 
2024 
2023 
£ 
£ 
Provision at start of year
7,689 
- 
(Credited)/charged to the profit and loss account
(7,394)
7,689 
Provision at end of year
295 
7,689 
The deferred taxation reserve has been reversed by some (£7,394) in the period leaving a small reverse of some £295 carried forward.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Capital commitments
2024 
2023 
£ 
£ 
there are no capital commitments at this point in time.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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