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Registered Number: 08847329
England and Wales

 

 

 

FORTUNATE TECHNOLOGIES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

Fortunate Technologies Ltd
Contents Page
For the year ended 31 January 2025
Director Jitendra Mulchandani
Registered Number 08847329
Registered Office 107 Woodlands Avenue,
Ruislip England
HA4 9RB
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Intangible fixed assets 4 187,375    0 
Tangible fixed assets 5 54,109    54,572 
241,484    54,572 
Current assets      
Debtors 6 228,121    344 
Cash at bank and in hand 65,885    391,392 
294,006    391,736 
Creditors: amount falling due within one year 7 (411,215)   (383,658)
Net current assets (117,209)   8,078 
 
Total assets less current liabilities 124,275    62,650 
Provisions for liabilities 8 (186)   (237)
Net assets 124,089    62,413 
 

Capital and reserves 		     
Called up share capital 200    200 
Profit and loss account 123,889    62,213 
Shareholders' funds 124,089    62,413 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 31 October 2025 and were signed by:


-------------------------------
Jitendra Mulchandani
Director
2
General Information
Fortunate Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08847329, registration address 107 Woodlands Avenue, , Ruislip England, HA4 9RB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33.33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Directors' Emoluments

2025
£		   2024
£
Administrative Expenses
Directors Salaries 12,570    4,190 
12,570    4,190 


3.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).
4.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 February 2024 -    - 
Additions 187,375    187,375 
Disposals -    - 
At 31 January 2025 187,375    187,375 
Amortisation
At 01 February 2024 -    - 
Charge for year -    - 
On disposals -    - 
At 31 January 2025 -    - 
Net book values
At 31 January 2025 187,375    187,375 
At 31 January 2024 -    - 


5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £
At 01 February 2024 499    1,337    1,534    53,327    56,697 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 January 2025 499    1,337    1,534    53,327    56,697 
Depreciation
At 01 February 2024 341    543    1,241    -    2,125 
Charge for year 40    199    224    -    463 
On disposals -    -    -    -    - 
At 31 January 2025 381    742    1,465    -    2,588 
Net book values
Closing balance as at 31 January 2025 118    595    69    53,327    54,109 
Opening balance as at 01 February 2024 158    794    293    53,327    54,572 

The net book value of Land and Buildings includes £ 53,327 (2024 £53,327) in respect of assets leased under finance leases or hire purchase contracts.

6.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 195,120    0 
Other Debtors 33,001    344 
228,121    344 

7.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 92    162 
Taxation and Social Security 57,116    3,657 
Other Creditors 354,007    379,839 
411,215    383,658 

8.

Provisions for liabilities

2025
£		   2024
£
Deferred Tax 186    237 
186    237 

3