Accounts Submission
Accounts Submission
FORTU WEALTH LTD
Company Registration Number:
11966971
(England and Wales)
Unaudited statutory accounts for the year ended 30 April 2023
Period of accounts
Start date: 01 May 2022
End date: 30 April 2023
FORTU WEALTH LTD
Contents of the Financial Statements
for the Period Ended 30 April 2023
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
FORTU WEALTH LTD
Company Information
for the Period Ended 30 April 2023
Director: |
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Registered office: |
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Company Registration Number: |
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FORTU WEALTH LTD
Directors' Report Period Ended 30 April 2023
The directors present their report with the financial statements of the company for the period ended 30 April 2023
Directors
The directors shown below have held office during the whole of the period from 01 May 2022 to 30 April 2023
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
FORTU WEALTH LTD
Profit and Loss Account
for the Period Ended 30 April 2023
Notes |
2023 £ |
2022 £ |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Income from coronavirus (COVID-19) business support grants | 0 | 0 | |
Distribution Costs |
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Administrative Expenses |
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Other operating income |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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(
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The notes form part of these financial statements
FORTU WEALTH LTD
Balance sheet
As at
Notes |
2023 £ |
2022 £ |
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Fixed assets | |||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 8 |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
FORTU WEALTH LTD
Balance sheet continued
As at 30 April 2023
Notes |
2023 £ |
2022 £ |
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Capital and reserves | |||
Called up share capital: |
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Revaluation reserve: | 9 |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Other accounting policies
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. 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.
FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
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2. Employees
2023
2022Average number of employees during the period 4 4 The average number of employees during the year was 4 (2022 - 4).
FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
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3. Off balance sheet disclosure
No
FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
4. Intangible assets
Other | Total | |
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Cost | £ | £ |
At 01 May 2022 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2023 |
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Amortisation | ||
Amortisation at 01 May 2022 |
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Charge for year |
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On disposals |
(
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Other adjustments |
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Amortisation at 30 April 2023 |
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Net book value | ||
Net book value at 30 April 2023 |
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Net book value at 30 April 2022 |
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FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
5. Tangible assets
Office equipment | Total | |
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Cost | £ | £ |
At 01 May 2022 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2023 |
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Depreciation | ||
At 01 May 2022 |
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Charge for year |
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On disposals |
(
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Other adjustments |
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At 30 April 2023 |
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Net book value | ||
At 30 April 2023 |
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At 30 April 2022 |
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FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
6. Debtors
2023 £ |
2022 £ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
7.Creditors: amounts falling due within one year note
2023 £ |
2022 £ |
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Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
8.Creditors: amounts falling due after more than one year
2023 £ |
2022 £ |
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Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Other creditors |
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Total |
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FORTU WEALTH LTD
Notes to the Financial Statements
for the Period Ended 30 April 2023
9. Revaluation reserve
2023 £ |
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Balance at 01 May 2022 |
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Surplus or deficit after revaluation |
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Balance at 30 April 2023 |
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