IRIS Accounts Production v25.4.0.155 08519394 Board of Directors 1.1.24 31.12.24 31.12.24 9.12.25 true false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08519394 2023-12-31 08519394 2024-12-31 08519394 2024-01-01 2024-12-31 08519394 2022-12-31 08519394 2023-01-01 2023-12-31 08519394 2023-12-31 08519394 ns15:EnglandWales 2024-01-01 2024-12-31 08519394 ns14:PoundSterling 2024-01-01 2024-12-31 08519394 ns10:Director1 2024-01-01 2024-12-31 08519394 ns10:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 08519394 ns10:SmallEntities 2024-01-01 2024-12-31 08519394 ns10:Audited 2024-01-01 2024-12-31 08519394 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 08519394 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08519394 ns10:FullAccounts 2024-01-01 2024-12-31 08519394 ns10:Director2 2024-01-01 2024-12-31 08519394 ns10:Director3 2024-01-01 2024-12-31 08519394 ns10:RegisteredOffice 2024-01-01 2024-12-31 08519394 ns5:CurrentFinancialInstruments 2024-12-31 08519394 ns5:CurrentFinancialInstruments 2023-12-31 08519394 ns5:Non-currentFinancialInstruments 2024-12-31 08519394 ns5:Non-currentFinancialInstruments 2023-12-31 08519394 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08519394 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08519394 ns5:CostValuation 2023-12-31 08519394 ns5:Subsidiary1 2024-01-01 2024-12-31 08519394 1 ns5:Subsidiary1 2024-01-01 2024-12-31 08519394 ns5:Subsidiary1 2024-12-31 08519394 ns5:Subsidiary1 2023-12-31 08519394 ns5:Subsidiary1 2023-12-31 08519394 ns5:Subsidiary1 2023-01-01 2023-12-31 08519394 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08519394 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 08519394 ns5:WithinOneYear 2024-12-31 08519394 ns5:WithinOneYear 2023-12-31

REGISTERED NUMBER: 08519394 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FORTIS MERCHANTS LIMITED

FORTIS MERCHANTS LIMITED (REGISTERED NUMBER: 08519394) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| FORTIS MERCHANTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr J M Davies

| Mr D J Berry

| Mr A J Manning

| REGISTERED OFFICE: | Bizspace Highlands Road

| Shirley

| Solihull

| B90 4PD

| REGISTERED NUMBER: | 08519394 (England and Wales)

| AUDITORS: | Gibson Whitter Limited

| Statutory Auditors

| Larch House

| Parklands Business Park

| Denmead

| Hampshire

| PO7 6XP

FORTIS MERCHANTS LIMITED (REGISTERED NUMBER: 08519394) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 1,948,525 |  | 1,100,922 |  |

Cash at bank | 3,336,731 |  | 3,541,868 |  |

5,285,256 |  | 4,642,790 |  |

CREDITORS

Amounts falling due within one year | 6 | 4,775,199 |  | 4,075,243 |  |

NET CURRENT ASSETS | 510,057 |  | 567,547 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 510,057 |  | 567,547 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 155,258 |  | 227,875 |  |

NET ASSETS | 354,799 |  | 339,672 |  |

RESERVES

Income and expenditure account | 354,799 |  | 339,672 |  |

354,799 |  | 339,672 |  |

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 and authorised for issue by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr A J Manning - Director

FORTIS MERCHANTS LIMITED (REGISTERED NUMBER: 08519394) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Fortis Merchants Limited is a private company, limited by guarantee , 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

| 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 derived from ordinary activities, stated net of value added tax. Revenue is recognised at the point the company satisfies a performance obligation to a customer. Membership income is recognised evenly over the membership period.

| The company receives and distributes rebates on behalf of its members. Rebates are not included in the company's income and expenditure account.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

| 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 5 (2023 - 5 ) .

FORTIS MERCHANTS LIMITED (REGISTERED NUMBER: 08519394) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 320,000 |  |

| PROVISIONS

| At 1 January 2024

| and 31 December 2024 | 320,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Merchant Distribution Limited

| Registered office: Sussex House, Quarry Lane, Chichester, United Kingdom, PO19 8PE

| Nature of business: Wholesale of construction materials

| %

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 339,697 |  | 340,441 |  |

| Loss for the year | (744 | ) | (1,108 | ) |

| The directors have assessed that the above investment is impaired at 31 December 2024 on the basis that the company in which the investment has been made has now ceased trading and the distribution due on liquidation accrued as a debtor in the financial statements (£339,223).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 1,329,280 |  | 331,230 |  |

| Other debtors | 619,245 |  | 769,692 |  |

1,948,525 |  | 1,100,922 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 85,575 |  | 210,642 |  |

| Taxation and social security | 48,247 |  | 176,701 |  |

| Other creditors | 4,641,377 |  | 3,687,900 |  |

4,775,199 |  | 4,075,243 |  |

FORTIS MERCHANTS LIMITED (REGISTERED NUMBER: 08519394) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Other creditors | 155,258 |  | 227,875 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 24,527 |  | 22,299 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Linda Gibson FCA CTA (Senior Statutory Auditor)

| for and on behalf of Gibson Whitter Limited

10. | PENSION COMMITMENTS

| The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the scheme and amounted to £6,788 (31.12.23: £6,212). Contributions totalling £1,731 were outstanding at 31 December 2024 (31.12.23: £1,469).

11. | RELATED PARTY DISCLOSURES

| During the year the company made sales to connected companies of £40,755 (31.12.23: £38,190).

| During the year the company paid category directors fees to connected companies of £90,465 (31.12.23: £90,465).

| During the year the company paid support for listing agreements and meeting costs to connected companies of £83,907 (31.12.23: £79,259).

| The aggregate amount owed to connected companies at the balance sheet date is £554,867 (31.12.23: £227,931).

12. | ULTIMATE CONTROLLING PARTY

| The company is controlled by its members collectively. No one individual or any other entity controls the company.

13. | LIMITED BY GUARANTEE

| The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member.