Fortevita_Project_Limited - Accounts

FORTEVITA PROJECT LTD - Company Information

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Fortevita Project Limited

Unaudited Abbreviated Accounts

For the Year ended 31 May 2015

Company Registration No. 08453895 (England and Wales)

Fortevita Project Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

Fortevita Project Limited

Abbreviated Balance Sheet

As at 31 May 2015

Page 1

2015

2014

Notes

Current assets

Debtors

6,003,674

1,191,760

Cash at bank and in hand

39,392

87,283

6,043,066

1,279,043

Creditors: amounts falling due within one year

(6,217,555)

(36,952)

Total assets less current liabilities

(174,489)

1,242,091

Creditors: amounts falling due after more than one year

(1,238,113)

(174,489)

3,978

Capital and reserves

Called up share capital

100

Profit and loss account

(174,589)

3,878

Shareholders' funds

(174,489)

3,978

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 May 2016

L. Del Bono

Director

Company Registration No. 08453895

Fortevita Project Limited

Notes to the Abbreviated Accounts

For the year ended 31 May 2015

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The company has significant financial backing from its shareholders and the director is of the opinion that it is appropriate to prepare these financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts recoverable on long term contracts net of VAT and trade discounts.

1.4

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Control

The ultimate parent company was Fortevita Limited, a company incorporated in England and Wales.