FORTYFIVE_10_LIMITED_31_Mar_2025_companies_house_set_of

Company registration number:

04466335

Fortyfive 10 Limited

Unaudited Filleted Financial Statements for the year ended

31 March 2025

SyK Management Consulting Ltd

Level 1,Devonshire House, 1 Mayfair Place,Mayfair, London, W1J 8AJ, United Kingdom

Fortyfive 10 Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Fortyfive 10 Limited

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

of

Fortyfive 10 Limited

for the year ended

31 March 2025

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Fortyfive 10 Limited

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

of

Fortyfive 10 Limited

and state those matters that we have agreed to state to the Board of Directors of

Fortyfive 10 Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Fortyfive 10 Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Fortyfive 10 Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and loss of

Fortyfive 10 Limited

. You consider that

Fortyfive 10 Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fortyfive 10 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

SyK Management Consulting Ltd

Level 1,Devonshire House

1 Mayfair Place,Mayfair

London

W1J 8AJ

United Kingdom

Fortyfive 10 Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	1,115		2,519
Current assets
Stocks		282,077		325,789
Debtors	7	92,757		132,652
Cash at bank and in hand		11,235		10,611
		386,069		469,052
Creditors: amounts falling due within one year	8	(330,902	)	(340,322	)
Net current assets		55,167		128,730
Total assets less current liabilities		56,282		131,249
Creditors: amounts falling due after more than one year	9	(2,500	)	(12,500	)
Net assets		53,782		118,749
Capital and reserves
Called up share capital		100		100
Profit and loss account		53,682		118,649
Shareholders funds		53,782		118,749

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:

Mr. M Iacobacci

Director

Company registration number:

04466335

Fortyfive 10 Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

16 Farmstead Road

,

Harrow

,

HA3 5HQ

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in £ sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

Tangible assets

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;

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor vehicles	25% Reducing Balance
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

2

(2024:

3

).

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	15,000
Amortisation
At 1 April 2024 and 31 March 2025	15,000
Carrying amount
At 31 March 2025	-
At 31 March 2024	-

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024 and 31 March 2025	31,425
Depreciation
At 1 April 2024	28,906
Charge	1,404
At 31 March 2025	30,310
Carrying amount
At 31 March 2025	1,115
At 31 March 2024	2,519

7 Debtors

	2025	2024
	£	£
Trade debtors	89,615	132,277
Other debtors	3,142	375
	92,757	132,652

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	53,466	54,761
Trade creditors	229,470	241,145
Taxation and social security	44,000	43,507
Other creditors	3,966	909
	330,902	340,322

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	2,500		12,500