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REGISTERED NUMBER: 07149120 (England and Wales)











Financial Statements

for the Year Ended 29 February 2024

for

FULVIA LIMITED

FULVIA LIMITED (REGISTERED NUMBER: 07149120)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FULVIA LIMITED

Company Information
for the Year Ended 29 February 2024







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
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,930 10,397
Investments 5 - 466,155
7,930 476,552

CURRENT ASSETS
Debtors 6 603,028 643,835
Cash at bank 3,485,312 2,377,485
4,088,340 3,021,320
CREDITORS
Amounts falling due within one year 7 185,526 51,192
NET CURRENT ASSETS 3,902,814 2,970,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,910,744

3,446,680

PROVISIONS FOR LIABILITIES 8 1,983 6,933
NET ASSETS 3,908,761 3,439,747

CAPITAL AND RESERVES
Called up share capital 9 600,100 600,100
Fair value reserve - 18,372
Retained earnings 3,308,661 2,821,275
SHAREHOLDERS' FUNDS 3,908,761 3,439,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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
29 February 2024


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 5 August 2024 and were signed by:





Mr B Tonioli - Director


FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements
for the Year Ended 29 February 2024

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.

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 18,672 624 19,296
DEPRECIATION
At 1 March 2023 8,699 200 8,899
Charge for year 2,382 85 2,467
At 29 February 2024 11,081 285 11,366
NET BOOK VALUE
At 29 February 2024 7,591 339 7,930
At 28 February 2023 9,973 424 10,397

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
Investment 466,155 480,722
Other investment disposal (467,869 ) -
Other investment revaluation 1,714 (14,567 )
- 466,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 600,000 600,000
Directors' current accounts 3,028 43,622
VAT - 213
603,028 643,835

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
29.2.24 28.2.23
£    £   
Trade creditors 997 2,541
Tax 151,934 30,263
VAT 27,265 -
Other creditors 26 1,825
Accruals and deferred income 5,304 16,563
185,526 51,192

FULVIA LIMITED (REGISTERED NUMBER: 07149120)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 1,983 6,933

Deferred
tax
£   
Balance at 1 March 2023 6,933
Provided during year (4,950 )
Balance at 29 February 2024 1,983

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100
600,000 E Class 1.00 600,000 600,000
600,100 600,100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, included in debtors due within one year is £3,028 (2023: £43,623), 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.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B Tonioli.