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REGISTERED NUMBER: 05801202 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Fulmarks Financial Contracts Ltd

Fulmarks Financial Contracts Ltd (Registered number: 05801202)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fulmarks Financial Contracts Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M L Holmes
Mrs C E Holmes





SECRETARY: Mrs C E Holmes





REGISTERED OFFICE: 2 Dalewood Road
Sheffield
South Yorkshire
S8 0EB





REGISTERED NUMBER: 05801202 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Fulmarks Financial Contracts Ltd (Registered number: 05801202)

Statement of Financial Position
30 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 31,202 39,297

CURRENT ASSETS
Debtors 5 159,153 156,919
Cash at bank 1,493 3,843
160,646 160,762
CREDITORS
Amounts falling due within one year 6 80,173 132,143
NET CURRENT ASSETS 80,473 28,619
TOTAL ASSETS LESS CURRENT LIABILITIES 111,675 67,916

CREDITORS
Amounts falling due after more than one
year

7

15,394

29,545
NET ASSETS 96,281 38,371

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 96,181 38,271
SHAREHOLDERS' FUNDS 96,281 38,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Fulmarks Financial Contracts Ltd (Registered number: 05801202)

Statement of Financial Position - continued
30 April 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 Board of Directors and authorised for issue on 29 September 2024 and were signed on its behalf by:





Mr M L Holmes - Director


Fulmarks Financial Contracts Ltd (Registered number: 05801202)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Fulmarks Financial Contracts 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
Revenue 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.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

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 2 (2023 - 2 ) .

Fulmarks Financial Contracts Ltd (Registered number: 05801202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£
COST
At 1 May 2023 62,492
Additions 1,829
At 30 April 2024 64,321
DEPRECIATION
At 1 May 2023 23,195
Charge for year 9,924
At 30 April 2024 33,119
NET BOOK VALUE
At 30 April 2024 31,202
At 30 April 2023 39,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 159,153 156,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 14,884 14,884
Taxation and social security 56,789 32,695
Other creditors 2,500 78,564
80,173 132,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 6,500 12,500
Hire purchase contracts 8,894 17,045
15,394 29,545

Fulmarks Financial Contracts Ltd (Registered number: 05801202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary £1 50 50
50 Ordinary B £1 50 50
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
Mr M L Holmes
Balance outstanding at start of year 156,918 46,649
Amounts advanced 106,905 209,215
Amounts repaid (106,158 ) (98,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,665 156,918