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REGISTERED NUMBER: 07149120 (England and Wales)











Financial Statements

for the Year Ended 28 February 2023

for

FULVIA LIMITED

FULVIA LIMITED (REGISTERED NUMBER: 07149120)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FULVIA LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr B Tonioli





SECRETARY: Mr P Cavalier





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 07149120 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,397 530
Investments 5 466,155 480,723
476,552 481,253

CURRENT ASSETS
Debtors 6 643,835 678,983
Cash at bank 2,377,485 2,224,516
3,021,320 2,903,499
CREDITORS
Amounts falling due within one year 7 51,192 68,843
NET CURRENT ASSETS 2,970,128 2,834,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,446,680

3,315,909

PROVISIONS FOR LIABILITIES 6,933 4,334
NET ASSETS 3,439,747 3,311,575

CAPITAL AND RESERVES
Called up share capital 8 600,100 600,100
Fair value reserve 18,372 18,372
Retained earnings 2,821,275 2,693,103
SHAREHOLDERS' FUNDS 3,439,747 3,311,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 23 November 2023 and were signed by:





Mr B Tonioli - Director


FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Fulvia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on Cost
Computer equipment - 20% on reducing balance

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 - 1 ) .

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 6,761 624 7,385
Additions 11,911 - 11,911
At 28 February 2023 18,672 624 19,296
DEPRECIATION
At 1 March 2022 6,761 94 6,855
Charge for year 1,938 106 2,044
At 28 February 2023 8,699 200 8,899
NET BOOK VALUE
At 28 February 2023 9,973 424 10,397
At 28 February 2022 - 530 530

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.23 28.2.22
£    £   
Investment 480,722 479,009
Other investment revaluation (14,567 ) 1,714
466,155 480,723

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 600,000 600,000
Directors' current accounts 43,622 78,983
VAT 213 -
643,835 678,983

Other debtors includes an amount of £600,000 (2022: £600,000) receivable from the director,B Tonioli for issue of 600,000 E Ordinary shares of £1 each.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,541 1,296
Tax 30,263 27,938
VAT - 20,758
Other creditors 1,825 1,832
Accruals and deferred income 16,563 17,019
51,192 68,843

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100
600,000 E Class 1.00 600,000 600,000
600,100 600,100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, included in debtors due within one year is £41,713 (2022: £78,983), due and payable by the director. During the period interest was charged on the overdrawn loan account at 2%. This was repaid within 9 months of the year end.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B Tonioli.