IRIS Accounts Production v24.2.0.383 09020197 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090201972023-08-31090201972024-08-31090201972023-09-012024-08-31090201972022-08-31090201972022-09-012023-08-31090201972023-08-3109020197ns15:EnglandWales2023-09-012024-08-3109020197ns14:PoundSterling2023-09-012024-08-3109020197ns10:Director12023-09-012024-08-3109020197ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109020197ns10:SmallEntities2023-09-012024-08-3109020197ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109020197ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109020197ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109020197ns10:FullAccounts2023-09-012024-08-310902019712023-09-012024-08-3109020197ns10:RegisteredOffice2023-09-012024-08-3109020197ns5:CurrentFinancialInstruments2024-08-3109020197ns5:CurrentFinancialInstruments2023-08-3109020197ns5:ShareCapital2024-08-3109020197ns5:ShareCapital2023-08-3109020197ns5:RetainedEarningsAccumulatedLosses2024-08-3109020197ns5:RetainedEarningsAccumulatedLosses2023-08-3109020197ns5:NetGoodwill2023-09-012024-08-3109020197ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3109020197ns5:PlantMachinery2023-09-012024-08-3109020197ns5:NetGoodwill2023-08-3109020197ns5:NetGoodwill2024-08-3109020197ns5:NetGoodwill2023-08-3109020197ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-3109020197ns5:PlantMachinery2023-08-3109020197ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-012024-08-3109020197ns5:LongLeaseholdAssetsns5:LandBuildings2024-08-3109020197ns5:PlantMachinery2024-08-3109020197ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-3109020197ns5:PlantMachinery2023-08-3109020197ns5:RetainedEarningsAccumulatedLosses2023-08-3109020197ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 09020197 (England and Wales)










Financial Statements

for the Year Ended 31 August 2024

for

Fulling Ltd

Fulling Ltd (Registered number: 09020197)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fulling Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms L Y Wang





REGISTERED OFFICE: 91 The Broadway
Sunderland
Tyne and Wear
SR4 8PA





REGISTERED NUMBER: 09020197 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Fulling Ltd (Registered number: 09020197)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 1,800
Tangible assets 5 2,091 2,478
2,091 4,278

CURRENT ASSETS
Stocks 650 575
Cash at bank and in hand 52,602 67,263
53,252 67,838
CREDITORS
Amounts falling due within one year 6 (14,675 ) (14,100 )
NET CURRENT ASSETS 38,577 53,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,668

58,016

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 40,667 58,015
40,668 58,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Fulling Ltd (Registered number: 09020197)

Balance Sheet - continued
31 August 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 31 October 2024 and were signed by:





Ms L Y Wang - Director


Fulling Ltd (Registered number: 09020197)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fulling 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.

GOODWILL
Goodwill is being amortised evenly over its estimated useful life of ten years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

STOCKS
Stocks are valued at cost.

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 balance sheet 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 4 (2023 - 6 ) .

Fulling Ltd (Registered number: 09020197)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 18,000
AMORTISATION
At 1 September 2023 16,200
Charge for year 1,800
At 31 August 2024 18,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,800

5. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 27,995 4,630 32,625
DEPRECIATION
At 1 September 2023 27,977 2,170 30,147
Charge for year 18 369 387
At 31 August 2024 27,995 2,539 30,534
NET BOOK VALUE
At 31 August 2024 - 2,091 2,091
At 31 August 2023 18 2,460 2,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,878 2,978
Corporation tax (1,094 ) (1,094 )
Social security and other tax 578 2,309
VAT 8,882 8,687
Pensions 301 -
Directors' current accounts 1,130 1,220
14,675 14,100

Fulling Ltd (Registered number: 09020197)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. RESERVES
Retained
earnings
£   

At 1 September 2023 58,015
Profit for the year 2,652
Dividends (20,000 )
At 31 August 2024 40,667