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REGISTERED NUMBER: 07868067 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fulfil Limited

Fulfil Limited (Registered number: 07868067)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fulfil Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Fowler
P Fowler
Bryan Fowler
Brett Fowler
G Fowler
N Fowler





REGISTERED OFFICE: 53 Central Way
Walworth Business Park
Andover
SP10 5AN





REGISTERED NUMBER: 07868067 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

Fulfil Limited (Registered number: 07868067)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,250 123,750
Tangible assets 5 1,157,549 881,459
1,231,799 1,005,209

CURRENT ASSETS
Stocks 572,556 409,484
Debtors 6 1,123,671 826,912
Cash at bank and in hand 328,090 122,122
2,024,317 1,358,518
CREDITORS
Amounts falling due within one year 7 2,088,308 1,565,893
NET CURRENT LIABILITIES (63,991 ) (207,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,167,808

797,834

CREDITORS
Amounts falling due after more than one
year

8

(357,429

)

(291,557

)

PROVISIONS FOR LIABILITIES (279,115 ) (58,813 )
NET ASSETS 531,264 447,464

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 530,264 446,464
SHAREHOLDERS' FUNDS 531,264 447,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Fulfil Limited (Registered number: 07868067)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





N Fowler - Director


Fulfil Limited (Registered number: 07868067)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fulfil 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
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.

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

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 - At variable rates on reducing balance
Fixtures and fittings - At variable rates on reducing balance
Motor vehicles - At variable rates on reducing balance
Computer equipment - At variable rates 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 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.

Fulfil Limited (Registered number: 07868067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 year was 40 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Trademarks Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 320,000 247,500 567,500
AMORTISATION
At 1 January 2023 320,000 123,750 443,750
Amortisation for year - 49,500 49,500
At 31 December 2023 320,000 173,250 493,250
NET BOOK VALUE
At 31 December 2023 - 74,250 74,250
At 31 December 2022 - 123,750 123,750

Fulfil Limited (Registered number: 07868067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 73,983 946,455 95,348
Additions - 488,818 11,917
Disposals - (22,660 ) -
At 31 December 2023 73,983 1,412,613 107,265
DEPRECIATION
At 1 January 2023 7,398 234,117 16,211
Charge for year 7,399 181,268 14,752
Eliminated on disposal - (2,688 ) -
At 31 December 2023 14,797 412,697 30,963
NET BOOK VALUE
At 31 December 2023 59,186 999,916 76,302
At 31 December 2022 66,585 712,338 79,137

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 11,555 44,899 1,172,240
Additions - 15,406 516,141
Disposals (9,100 ) (2,125 ) (33,885 )
At 31 December 2023 2,455 58,180 1,654,496
DEPRECIATION
At 1 January 2023 6,355 26,700 290,781
Charge for year 1,300 11,460 216,179
Eliminated on disposal (5,200 ) (2,125 ) (10,013 )
At 31 December 2023 2,455 36,035 496,947
NET BOOK VALUE
At 31 December 2023 - 22,145 1,157,549
At 31 December 2022 5,200 18,199 881,459

Fulfil Limited (Registered number: 07868067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 249,131 21,636 270,767
Additions 415,081 - 415,081
Transfer to ownership (132,913 ) (21,636 ) (154,549 )
Reclassification/transfer 160,734 - 160,734
At 31 December 2023 692,033 - 692,033
DEPRECIATION
At 1 January 2023 117,186 8,654 125,840
Charge for year 108,673 - 108,673
Transfer to ownership (118,077 ) (8,654 ) (126,731 )
Reclassification/transfer 46,826 - 46,826
At 31 December 2023 154,608 - 154,608
NET BOOK VALUE
At 31 December 2023 537,425 - 537,425
At 31 December 2022 131,945 12,982 144,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,038,036 755,234
Amounts owed by associates - 31,100
Other debtors 85,635 40,578
1,123,671 826,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 65,193 55,634
Hire purchase contracts (see note 9) 199,639 86,089
Trade creditors 1,206,413 1,173,409
Amounts owed to associates 336,655 -
Taxation and social security 44,142 14,666
Other creditors 236,266 236,095
2,088,308 1,565,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 121,718 196,033
Hire purchase contracts (see note 9) 235,711 95,524
357,429 291,557

Fulfil Limited (Registered number: 07868067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 199,639 86,089
Between one and five years 235,711 95,524
435,350 181,613

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 33,768 -
Between one and five years 82,168 -
115,936 -

10. RELATED PARTY DISCLOSURES

Aggregate transactions with related parties during the year amounted to £558,662 (2022: £80,661).
At the year end:
The balance owed by the company amounted to £421,709 (2022: £Nil).
The balance owed to the company amounted to £Nil (2022: £40,795).

Interest payable to directors for the year amounted to £Nil (2022: £6,650 ).

11. ULTIMATE CONTROLLING PARTY

The controlling party is FCO Investments Ltd.