Fortune West CE Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09524956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

FORTUNE WEST CE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A J Alderson

REGISTERED OFFICE:

150 High Street

Sevenoaks

Kent

TN13 1XE

REGISTERED NUMBER:

09524956 (England and Wales)

ACCOUNTANTS:

Greenaway Chartered Accountants

150 High Street

Sevenoaks

Kent

TN13 1XE

FIXED ASSETS

Tangible assets

4

8,498

2,500

CURRENT ASSETS

Debtors

5

309,981

68,722

Cash at bank

25,942

10,085

335,923

78,807

CREDITORS

Amounts falling due within one year

6

331,381

78,432

NET CURRENT ASSETS

4,542

375

TOTAL ASSETS LESS CURRENT LIABILITIES

13,040

2,875

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

12,740

2,575

13,040

2,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 by the director on 10 October 2019 and were signed by:

Ms A J Alderson - Director

1.	STATUTORY INFORMATION

Fortune West CE Limited is a private company, limited by shares , 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 measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

2,500

Additions

8,122

At 30 April 2019

10,622

DEPRECIATION

Charge for year

2,124

At 30 April 2019

2,124

NET BOOK VALUE

At 30 April 2019

8,498

At 30 April 2018

2,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/19

30/4/18

£

£

Trade debtors

309,775

68,516

Other debtors

206

206

309,981

68,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/19

30/4/18

£

£

Bank loans and overdrafts

176,311

33,090

Trade creditors

54,078

13,162

Taxation and social security

84,408

19,630

Other creditors

16,584

12,550

331,381

78,432