FORTIS_RENEWABLE_ENERGY_L - Accounts

FORTIS RENEWABLE ENERGY LIMITED - Company Information

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Company Registration No. 07573968 (England and Wales)

FORTIS RENEWABLE ENERGY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FORTIS RENEWABLE ENERGY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FORTIS RENEWABLE ENERGY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

41,690

50,028

Current assets

Cash at bank and in hand

11,724

21,240

Creditors: amounts falling due within one year

(63,284)

(79,720)

Net current liabilities

(51,560)

(58,480)

Total assets less current liabilities

(9,870)

(8,452)

Capital and reserves

Called up share capital

100

Profit and loss account

(9,970)

(8,552)

Shareholders' funds

(9,870)

(8,452)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 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 and authorised for issue on 13 December 2016

Mr N J Muttock

Director

Company Registration No. 07573968

FORTIS RENEWABLE ENERGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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 January 2015).

The director feels that the going concern is appropriate despite the negative balance sheet total. The director has agreed to support the company for the time being.

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 receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

83,380

Depreciation

At 1 April 2015

33,352

Charge for the year

8,338

At 31 March 2016

41,690

Net book value

At 31 March 2016

41,690

At 31 March 2015

50,028

FORTIS RENEWABLE ENERGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100