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REGISTERED NUMBER: 07019461 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FULLERS TRADING LIMITED

FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FULLERS TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T W Fuller
S W Fuller
Mrs J C Fuller





REGISTERED OFFICE: Coppins Woodside Green
Great Hallingbury
Bishops Stortford
Hertfordshire
CM22 7UH





REGISTERED NUMBER: 07019461 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 31,641 42,003

CURRENT ASSETS
Stocks 6 11,250 11,750
Debtors 7 8,248 3,802
Cash at bank 13,272 16,511
32,770 32,063
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

50,561

62,109
NET CURRENT LIABILITIES (17,791 ) (30,046 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,850

11,957

PROVISIONS FOR LIABILITIES 5,792 7,712
NET ASSETS 8,058 4,245

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 8,055 4,242
SHAREHOLDERS' FUNDS 8,058 4,245

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

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

FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)

BALANCE SHEET - continued
31 MARCH 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 2 December 2024 and were signed on its behalf by:





S W Fuller - Director


FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Fullers Trading 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 113,244 1,400 15,495 500 130,639
Additions 2,782 - - - 2,782
At 31 March 2024 116,026 1,400 15,495 500 133,421
DEPRECIATION
At 1 April 2023 73,641 438 14,276 281 88,636
Charge for year 11,544 350 1,125 125 13,144
At 31 March 2024 85,185 788 15,401 406 101,780
NET BOOK VALUE
At 31 March 2024 30,841 612 94 94 31,641
At 31 March 2023 39,603 962 1,219 219 42,003


6. STOCKS
2024 2023
£    £   
Stocks 11,250 11,750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,069 1,573
VAT 179 2,229
8,248 3,802

FULLERS TRADING LIMITED (REGISTERED NUMBER: 07019461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 34,210 40,148
Tax 1,376 6,294
Social security and other taxes 1,431 353
Pensions 201 249
Other creditors 2,853 5,053
Directors' loan accounts 10,490 10,012
50,561 62,109

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary 1 3 3

10. RELATED PARTY DISCLOSURES

During the year, a loan subsisted between the company and its directors. At the year end, the directors were owed £14,490 (2023: £10,012) by the company. No interest was charged on the loan.