General Information
Fortline Limited is a private company, limited by shares, registered in England and Wales, registration number 16085307, registration address 10 Hugh Fraser Drive, Tilehurst, Reading, Berkshire, RG31 4QZ.
The presentation currency is £ sterling.
| 1. |
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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.
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 |
33% Reducing Balance
|
| Computer Equipment |
25% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the period was 1.
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 18 November 2024 |
- |
|
- |
|
- |
| Additions |
23,289 |
|
658 |
|
23,947 |
| Disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
23,289 |
|
658 |
|
23,947 |
| Depreciation |
| At 18 November 2024 |
- |
|
- |
|
- |
| Charge for period |
4,881 |
|
27 |
|
4,908 |
| On disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
4,881 |
|
27 |
|
4,908 |
| Net book values |
| Closing balance as at 30 November 2025 |
18,408 |
|
631 |
|
19,039 |
| Opening balance as at 18 November 2024 |
- |
|
- |
|
- |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
| Trade Debtors |
50,136 |
| Prepayments & Accrued Income |
412 |
|
50,548 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
| Trade Creditors |
15,393 |
| Social Security and Other Taxes |
26,640 |
| Accrued Expenses |
1,400 |
| Directors' Current Accounts |
12,920 |
|
56,353 |
|
| 6. |
Provisions for liabilities
|
2025
£ |
| Deferred Tax |
4,760 |
|
4,760 |
|
| 7. |
Related Party Note
During the year, certain business purchases were made in the name of the director. These transactions were incurred wholly and exclusively for the purposes of the company's trade.
The total value of these transactions during the year was £2860.
The transactions were undertaken on normal commercial terms and approved by the director.
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4
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