Scudo Forte Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Page 1

Page 2

Scudo Forte Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 12119993

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,190		27,829

			20,190		27,829
CURRENT ASSETS
Stocks	5	23,450		2,150
Debtors	6	36,095		12,877
Cash at bank and in hand		1,379		2,670

		60,924		17,697
Creditors: Amounts Falling Due Within One Year	7	(165,132 )		(126,968 )

NET CURRENT ASSETS (LIABILITIES)			(104,208 )		(109,271 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(84,018 )		(81,442 )

Creditors: Amounts Falling Due After More Than One Year	8		(56,454 )		(54,760 )

NET LIABILITIES			(140,472 )		(136,202 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(140,572 )		(136,302 )

SHAREHOLDERS' FUNDS			(140,472)		(136,202)

Page 2

Page 3

Scudo Forte Limited

Balance Sheet (continued)

As At 31 December 2024

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Z Brookes

Director

30/09/2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Scudo Forte Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Scudo Forte 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.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% on Straight Line
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Page 4

Page 5

Scudo Forte Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	7,965	49,504	1,194	58,663
Additions	-	596	-	596

As at 31 December 2024	7,965	50,100	1,194	59,259

Depreciation
As at 1 January 2024	6,107	24,035	692	30,834
Provided during the period	1,593	6,516	126	8,235

As at 31 December 2024	7,700	30,551	818	39,069

Net Book Value
As at 31 December 2024	265	19,549	376	20,190

As at 1 January 2024	1,858	25,469	502	27,829

5. Stocks

	2024	2023
	£	£
Stock	23,450	2,150

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	36,095	10,189
Other debtors	-	2,688

	36,095	12,877

Page 5

Page 6

Scudo Forte Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	11,882
Trade creditors	64,716	37,210
Bank loans and overdrafts	3,215	3,215
Amounts owed to participating interests	29,741	26,091
Other creditors	46,952	35,524
Taxation and social security	20,508	13,046

	165,132	126,968

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans > 1 year	1,006	4,012
Amounts owed to participating interests	55,448	50,748

	56,454	54,760

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	11,882

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 6

Directors	Mr C Burton
	Mr M Woodrow
	Mr Z Brookes

Company Number	12119993

Registered Office	4 Green Lane Business Park
	238 Green Lane
	New Eltham
	London
	SE9 3TL

Accountants	BAYAR HUGHES & CO LIMITED
	Chartered Certified Accountants & Registered Auditors
	4 Green Lane Business Park
	New Eltham
	238 Green Lane
	London
	SE9 3TL