1 January 2024 false No description of principal activity Taxfiler 2024.6 SC753247business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC7532472023-12-31 SC7532472024-01-012024-12-31 SC753247business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 SC753247business:FilletedAccounts2024-01-012024-12-31 SC7532472024-12-31 SC753247business:Director12024-01-012024-12-31 SC753247business:RegisteredOffice2024-01-012024-12-31 SC7532472023-12-31 SC753247core:WithinOneYear2024-12-31 SC753247core:WithinOneYear2023-12-31 SC753247core:AfterOneYear2024-12-31 SC753247core:AfterOneYear2023-12-31 SC753247core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC753247core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC753247core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC753247core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC753247core:PreviouslyStatedAmount2024-12-31 SC753247core:PreviouslyStatedAmount2023-12-31 SC753247business:SmallEntities2024-01-012024-12-31 SC753247countries:Scotland2024-01-012024-12-31 SC753247core:FurnitureFittings2024-01-012024-12-31 SC753247core:FurnitureFittings2023-12-31 SC753247core:FurnitureFittings2024-12-31 SC7532472023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC753247 (Scotland)
Fortune Technology Ltd Unaudited accounts for the year ended 31 December 2024
Fortune Technology Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Fortune Technology Ltd Company Information for the year ended 31 December 2024
Director
Imran Javed
Company Number
SC753247 (Scotland)
Registered Office
96 Commerce Street Glasgow Glasgow G5 8DG Scotland
- 3 -
Fortune Technology Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
23,379 
29,224 
Current assets
Inventories
20,000 
25,000 
Cash at bank and in hand
2,025 
1,628 
22,025 
26,628 
Creditors: amounts falling due within one year
5
(51,554)
(52,394)
Net current liabilities
(29,529)
(25,766)
Total assets less current liabilities
(6,150)
3,458 
Creditors: amounts falling due after more than one year
6
(25,080)
(25,080)
Net liabilities
(31,230)
(21,622)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,231)
(21,623)
Shareholders' funds
(31,230)
(21,622)
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 23 September 2025 and were signed on its behalf by
Imran Javed Director Company Registration No. SC753247
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Fortune Technology Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fortune Technology Ltd is a private company, limited by shares, registered in Scotland, registration number SC753247. The registered office is 96 Commerce Street, Glasgow, Glasgow, G5 8DG, Scotland.
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.
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:
Fixtures & fittings
20% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
36,530 
At 31 December 2024
36,530 
Depreciation
At 1 January 2024
7,306 
Charge for the year
5,845 
At 31 December 2024
13,151 
Net book value
At 31 December 2024
23,379 
At 31 December 2023
29,224 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,803 
5,392 
Taxes and social security
312 
653 
Loans from directors
46,239 
45,149 
Accruals
1,200 
1,200 
51,554 
52,394 
- 5 -
Fortune Technology Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
25,080 
25,080 
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).
- 6 -