ACCOUNTS - Final Accounts preparation

Registered number: SC470580

FORTHWIND LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FORTHWIND LIMITED

COMPANY INFORMATION

Directors	Mr M Jakobsson
	Mr S Harper


Registered number	SC470580


Registered office	The Boathouse
	Hawkcraig
	Aberdour
	Fife
	KY3 0TZ


Accountants	EQ Accountants Limited
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

FORTHWIND LIMITED

REGISTERED NUMBER: SC470580

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
		£		£


Current assets
Stocks		708,240		677,049
Debtors: amounts falling due within one year	4	58,159		75,189
Cash at bank and in hand		1,243		1,780
		767,642		754,018
Creditors: amounts falling due within one year	5	(742,678)		(728,541)
Net current assets			24,964		25,477
Total assets less current liabilities			24,964		25,477

Net assets			24,964		25,477

Capital and reserves
Called up share capital	6	20,001	20,001
Share premium account		1,979,999	1,979,999
Profit and loss account		(1,975,036)	(1,974,523)
		24,964	25,477

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FORTHWIND LIMITED

REGISTERED NUMBER: SC470580

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr S Harper

Director

Date: 30 September 2025

The notes on pages 3 to 4 form part of these financial statements.

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FORTHWIND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Forthwind Limited is a private company limited by shares, incorporated in Scotland with registration number SC470580. The registered office is The Boathouse, Hawkcraig Road, Aberdour, Fife, KY3 0TZ.
The financial statements are presented in sterling, which is the functional currency of the Company, and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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FORTHWIND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	58,159	75,189

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	25,576	11,594
Accruals and deferred income	717,102	716,947
	742,678	728,541

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2,000,099 Ordinary shares of £0.01 each	20,001	20,001

7.	Contingent liabilities

The company was incorporated to undertake a specific project. As part of its activities, the company has agreed a settlement fee of £79,204 with a supplier, if the project is completed. The directors believe, at the date of signing the financial statements, that the project will not be completed successfully and therefore, no settlement fee will be payable. Accordingly, no provision is made for the settlement fee as at the balance sheet date.

8.	Controlling party

During the year ended 31 December 2024, the ultimate parent company was Cierco International Limited, a company incorporated in the United Kingdom. The director Mr M Jakobsson, controls 75.01% of Cierco International Limited.

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