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REGISTERED NUMBER: 07440318 (England and Wales)















Financial Statements

for the Period 1st December 2021 to 31st December 2022

for

Fulcom Ltd

Fulcom Ltd (Registered number: 07440318)






Contents of the Financial Statements
for the Period 1st December 2021 to 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fulcom Ltd

Company Information
for the Period 1st December 2021 to 31st December 2022







DIRECTOR: Mr J C Fulthorpe





REGISTERED OFFICE: 14 Waterside Business Park
Cardiff
CF3 2ET





REGISTERED NUMBER: 07440318 (England and Wales)

Fulcom Ltd (Registered number: 07440318)

Balance Sheet
31st December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,378 58,471

CURRENT ASSETS
Stocks 1,500 3,000
Debtors 5 84,946 74,298
Cash at bank and in hand 35,340 1,492
121,786 78,790
CREDITORS
Amounts falling due within one year 6 69,050 73,210
NET CURRENT ASSETS 52,736 5,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,114

64,051

CREDITORS
Amounts falling due after more than one
year

7

(108,938

)

(36,031

)

PROVISIONS FOR LIABILITIES (1,376 ) (7,457 )
NET ASSETS 3,800 20,563

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,790 20,553
SHAREHOLDERS' FUNDS 3,800 20,563

Fulcom Ltd (Registered number: 07440318)

Balance Sheet - continued
31st December 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2022 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.

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 and Director's Report has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th November 2023 and were signed by:





Mr J C Fulthorpe - Director


Fulcom Ltd (Registered number: 07440318)

Notes to the Financial Statements
for the Period 1st December 2021 to 31st December 2022

1. STATUTORY INFORMATION

Fulcom Ltd 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
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement and Director's Report, 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 period 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.

Fulcom Ltd (Registered number: 07440318)

Notes to the Financial Statements - continued
for the Period 1st December 2021 to 31st December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 8 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2021 96,550
Additions 19,883
At 31st December 2022 116,433
DEPRECIATION
At 1st December 2021 38,079
Charge for period 16,976
At 31st December 2022 55,055
NET BOOK VALUE
At 31st December 2022 61,378
At 30th November 2021 58,471

Fulcom Ltd (Registered number: 07440318)

Notes to the Financial Statements - continued
for the Period 1st December 2021 to 31st December 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st December 2021 35,742
Additions 5,207
Reclassification/transfer 7,667
At 31st December 2022 48,616
DEPRECIATION
At 1st December 2021 11,480
Charge for period 7,714
Reclassification/transfer 1,533
At 31st December 2022 20,727
NET BOOK VALUE
At 31st December 2022 27,889
At 30th November 2021 24,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 78,705 70,564
Other debtors 6,241 3,734
84,946 74,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 24,750 7,000
Hire purchase contracts 8,124 6,543
Trade creditors 4,729 4,327
Taxation and social security 22,820 13,218
Other creditors 8,627 42,122
69,050 73,210

Fulcom Ltd (Registered number: 07440318)

Notes to the Financial Statements - continued
for the Period 1st December 2021 to 31st December 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 96,396 22,000
Hire purchase contracts 12,542 14,031
108,938 36,031

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 20,666 20,574