Fortress Availability Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10208176 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

FORTRESS AVAILABILITY SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Accountants' Report

9

DIRECTORS:

A J Lawton

L J Lawton

K Tilley

P B Barry-Walsh

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

10208176 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

The directors present their report with the financial statements of the company for the year ended 30 April 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Business Continuity Services and Recovery Centre.

REVIEW OF BUSINESS

The world is coming out of lockdown as the pandemic recedes and office working is back on the increase.

It will never return to the pre-pandemic levels but there is still a clear need for Work Area Recovery Services. As a result, our pipeline of business is returning, and we can see a move into profitability in the final months of 2022.

We are also complementing our Work Area Recovery services with our partner's product Reskube. These services together provide our customers with a balanced and capable staff resilience solution.

They give Fortress a broader services base and a UK wide reach opening up new markets to us.

After two tough years trading through the pandemic we are optimistic for our future growth.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2021 to the date of this report.

A J Lawton

L J Lawton

K Tilley

P B Barry-Walsh

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A J Lawton - Director

22 August 2022

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

168,307

263,636

168,307

263,636

CURRENT ASSETS

Debtors

6

160,415

44,566

Cash at bank and in hand

128,034

2,004

288,449

46,570

CREDITORS

Amounts falling due within one year

7

887,925

443,299

NET CURRENT LIABILITIES

(599,476

)

(396,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(431,169

)

(133,093

)

CREDITORS

Amounts falling due after more than one year

8

382,608

433,365

NET LIABILITIES

(813,777

)

(566,458

)

CAPITAL AND RESERVES

Called up share capital

10

266

266

Share premium

11

1,074,875

1,074,875

Retained earnings

11

(1,888,918

)

(1,641,599

)

SHAREHOLDERS' FUNDS

(813,777

)

(566,458

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:

L J Lawton - Director

1.	STATUTORY INFORMATION

Fortress Availability Services 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

Despite the substantial loss incurred in the year the Company has continued to trade due to the support of the directors and private investment. Due to the continued support since the balance sheet date the going concern basis of preparation remains appropriate

Turnover

Turnover represents the net invoiced sales services, excluding value added tax. Turnover is recognised when the rights to consideration in relation to services provided becomes due.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 May 2021

and 30 April 2022

44,328

AMORTISATION

At 1 May 2021

and 30 April 2022

44,328

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2021

and 30 April 2022

463

284,214

348,814

633,491

DEPRECIATION

At 1 May 2021

208

139,354

230,293

369,855

Charge for year

63

36,215

59,051

95,329

At 30 April 2022

271

175,569

289,344

465,184

NET BOOK VALUE

At 30 April 2022

192

108,645

59,470

168,307

At 30 April 2021

255

144,860

118,521

263,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

126,553

3,820

Other debtors

29

29

Prepayments

33,833

40,717

160,415

44,566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Other loans (see note 9)

10,000

10,000

Trade creditors

655,864

309,004

Social security and other taxes

2,817

15,031

VAT

65

38,498

Other creditors

148,663

-

Directors' current accounts

69,164

69,164

Accrued expenses

1,352

1,602

887,925

443,299

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Other loans (see note 9)

95,066

104,233

Directors' loan accounts

287,542

329,132

382,608

433,365

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.22

30.4.21

£

£

Amounts falling due within one year or on demand:

Other loans

10,000

10,000

Amounts falling due between one and two years:

Other loans - 1-2 years

10,000

10,000

Amounts falling due between two and five years:

Other loans - 2-5 years

85,066

94,233

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

26,628

Ordinary

0.01

266

266

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2021

(1,641,599

)

1,074,875

(566,724

)

Deficit for the year

(247,319

)

(247,319

)

At 30 April 2022

(1,888,918

)

1,074,875

(814,043

)

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £356,706 (2021 - £398,296).

The loan is interest free and has no fixed date for repayment.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fortress Availability Services Limited for the year ended 30 April 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fortress Availability Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fortress Availability Services Limited and state those matters that we have agreed to state to the Board of Directors of Fortress Availability Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fortress Availability Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fortress Availability Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fortress Availability Services Limited. You consider that Fortress Availability Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fortress Availability Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

22 August 2022