Fortress Availability Services Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 10208176 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

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:

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 2023.

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

Positive Growth and Promising Prospects for FortressAS

FortressAS has experienced a significant improvement in its outlook over the past few months, marked by noteworthy achievements such as the acquisition of new customers and the expansion of our pipeline for potential business opportunities.

The years following the unprecedented challenges posed by the COVID pandemic have been a testing period, necessitating a comprehensive restructuring of our business and offerings. However, I am pleased to announce that these restructuring efforts have been successfully executed, positioning FortressAS for a more robust future.

In addition, we have diligently engaged with all of our creditors, reaching mutual agreements to write off outstanding debts. This crucial step has provided FortressAS with a clean slate and a solid foundation to build upon, ensuring enhanced financial stability moving forward.

Looking ahead with great enthusiasm, we are eagerly anticipating the upcoming years as we continue to increase our profitability and solidify our position as a strong player in the industry. With an unwavering commitment to excellence and a renewed focus on our core strengths, FortressAS is well-equipped to seize new opportunities and drive sustained growth.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

L J Lawton

K Tilley

P B Barry-Walsh

Other changes in directors holding office are as follows:

A J Lawton - resigned 3 January 2023

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:

L J Lawton - Director

31 May 2023

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

85,185

168,307

85,185

168,307

CURRENT ASSETS

Debtors

6

292,368

160,415

Cash at bank and in hand

129,489

128,034

421,857

288,449

CREDITORS

Amounts falling due within one year

7

466,486

1,053,219

NET CURRENT LIABILITIES

(44,629

)

(764,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,556

(596,463

)

CREDITORS

Amounts falling due after more than one year

8

20,833

382,608

NET ASSETS/(LIABILITIES)

19,723

(979,071

)

CAPITAL AND RESERVES

Called up share capital

10

266

266

Share premium

11

1,074,875

1,074,875

Retained earnings

11

(1,055,418

)

(2,054,212

)

SHAREHOLDERS' FUNDS

19,723

(979,071

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 31 May 2023 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 1 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 May 2022

and 30 April 2023

44,328

AMORTISATION

At 1 May 2022

and 30 April 2023

44,328

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2022

463

284,214

348,814

633,491

Additions

-

969

932

1,901

At 30 April 2023

463

285,183

349,746

635,392

DEPRECIATION

At 1 May 2022

271

175,569

289,344

465,184

Charge for year

48

27,202

57,773

85,023

At 30 April 2023

319

202,771

347,117

550,207

NET BOOK VALUE

At 30 April 2023

144

82,412

2,629

85,185

At 30 April 2022

192

108,645

59,470

168,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

224,716

126,553

Other debtors

29

29

Prepayments

67,623

33,833

292,368

160,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Other loans (see note 9)

10,000

10,000

Trade creditors

61,432

655,864

Social security and other taxes

-

2,817

VAT

183,669

65

Other creditors

-

148,663

Directors' current accounts

-

69,164

Accruals and deferred income

210,034

165,294

Accrued expenses

1,351

1,352

466,486

1,053,219

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Other loans (see note 9)

20,833

95,066

Directors' loan accounts

-

287,542

20,833

382,608

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.23

30.4.22

£

£

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

10,833

85,066

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

26,628

Ordinary

0.01

266

266

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2022

(2,054,212

)

1,074,875

(979,337

)

Profit for the year

998,794

998,794

At 30 April 2023

(1,055,418

)

1,074,875

19,457

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £nil (2022 - £356,706).

During the year loans totalling £356,706 were written off.

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 2023 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 profit 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

31 May 2023