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REGISTERED NUMBER: SC606805 (Scotland)















Unaudited Financial Statements For The Year Ended 31 August 2024

for

Fort Hardware Ltd

Fort Hardware Ltd (Registered number: SC606805)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fort Hardware Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTOR: Q Muhammad





REGISTERED OFFICE: 187 Brook Street
Broughty Ferry
Dundee
DD5 1DJ





REGISTERED NUMBER: SC606805 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Fort Hardware Ltd (Registered number: SC606805)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,403 5,504

CURRENT ASSETS
Stocks 5 311,650 225,235
Debtors 6 4,360 -
Cash at bank and in hand 854 10,885
316,864 236,120
CREDITORS
Amounts falling due within one year 7 299,352 194,142
NET CURRENT ASSETS 17,512 41,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,915

47,482

CREDITORS
Amounts falling due after more than one
year

8

13,079

41,631
NET ASSETS 8,836 5,851

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 8,736 5,751
SHAREHOLDERS' FUNDS 8,836 5,851

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

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

Fort Hardware Ltd (Registered number: SC606805)

Balance Sheet - continued
31 August 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 13 March 2025 and were signed by:





Q Muhammad - Director


Fort Hardware Ltd (Registered number: SC606805)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fort Hardware Ltd is a private company, limited by shares , registered in Scotland. 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

Fort Hardware Ltd (Registered number: SC606805)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 15,699
DEPRECIATION
At 1 September 2023 10,195
Charge for year 1,101
At 31 August 2024 11,296
NET BOOK VALUE
At 31 August 2024 4,403
At 31 August 2023 5,504

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 311,650 225,235

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Prepayments 4,360 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 16,689 -
Trade creditors 191,738 90,534
Tax 687 6,294
PAYE 842 648
Pension 189 214
VAT 2,423 5,361
Directors' loan accounts 77,081 77,081
Accrued expenses 9,703 14,010
299,352 194,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 13,079 26,850
Bank loan - 14,781
13,079 41,631

Fort Hardware Ltd (Registered number: SC606805)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 5,751
Profit for the year 2,985
At 31 August 2024 8,736