Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC373031 Mrs Joy Fuller Mr Mark Fuller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC373031 2023-12-31 OC373031 2024-12-31 OC373031 2024-01-01 2024-12-31 OC373031 frs-core:CurrentFinancialInstruments 2024-12-31 OC373031 frs-core:Non-currentFinancialInstruments 2024-12-31 OC373031 frs-core:BetweenOneFiveYears 2024-12-31 OC373031 frs-core:ComputerEquipment 2024-12-31 OC373031 frs-core:ComputerEquipment 2024-01-01 2024-12-31 OC373031 frs-core:ComputerEquipment 2023-12-31 OC373031 frs-core:FurnitureFittings 2024-12-31 OC373031 frs-core:FurnitureFittings 2024-01-01 2024-12-31 OC373031 frs-core:FurnitureFittings 2023-12-31 OC373031 frs-core:MotorVehicles 2024-12-31 OC373031 frs-core:MotorVehicles 2024-01-01 2024-12-31 OC373031 frs-core:MotorVehicles 2023-12-31 OC373031 frs-core:PlantMachinery 2024-12-31 OC373031 frs-core:PlantMachinery 2024-01-01 2024-12-31 OC373031 frs-core:PlantMachinery 2023-12-31 OC373031 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC373031 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC373031 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC373031 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC373031 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC373031 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC373031 frs-core:CurrentFinancialInstruments 3 2024-12-31 OC373031 frs-core:CurrentFinancialInstruments 4 2024-12-31 OC373031 frs-core:CurrentFinancialInstruments 9 2024-12-31 OC373031 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC373031 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC373031 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC373031 2022-12-31 OC373031 2023-12-31 OC373031 2023-01-01 2023-12-31 OC373031 frs-core:CurrentFinancialInstruments 2023-12-31 OC373031 frs-core:Non-currentFinancialInstruments 2023-12-31 OC373031 frs-core:BetweenOneFiveYears 2023-12-31 OC373031 frs-core:WithinOneYear 2023-12-31 OC373031 frs-core:CurrentFinancialInstruments 3 2023-12-31 OC373031 frs-core:CurrentFinancialInstruments 4 2023-12-31 OC373031 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: OC373031
Fullers Commerce LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC373031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,205 44,597
35,205 44,597
CURRENT ASSETS
Debtors 5 158,869 123,439
Cash at bank and in hand 156,398 176,264
315,267 299,703
Creditors: Amounts Falling Due Within One Year 6 (185,786 ) (192,523 )
NET CURRENT ASSETS (LIABILITIES) 129,481 107,180
TOTAL ASSETS LESS CURRENT LIABILITIES 164,686 151,777
Creditors: Amounts Falling Due After More Than One Year 7 (28,089 ) (30,629 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 136,597 121,148
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 236,720 191,643
236,720 191,643
Equity
Members' other interests
Members' capital (117,021) (87,393)
Other reserves 16,898 16,898
(100,123) (70,495)
136,597 121,148
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 236,720 191,643
Members' other interests (100,123) (70,495)
136,597 121,148
For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Mark Fuller
Designated Member
16/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fullers Commerce LLP is a limited liability partnership, incorporated in England & Wales, registered number OC373031 . The Registered Office is Priestfield Farm, Henfield Road, Albourne Hassocks, West Sussex, BN6 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% WDV
Motor Vehicles 20% WDV
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
Page 3
Page 4
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 5,196 89,611 10,359 666 105,832
As at 31 December 2024 5,196 89,611 10,359 666 105,832
Depreciation
As at 1 January 2024 4,874 47,513 8,501 347 61,235
Provided during the period 248 8,419 619 106 9,392
As at 31 December 2024 5,122 55,932 9,120 453 70,627
Net Book Value
As at 31 December 2024 74 33,679 1,239 213 35,205
As at 1 January 2024 322 42,098 1,858 319 44,597
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 644 -
Axe Block Management 55,287 21,787
Fuller Commerce Southern (9,037 ) (10,323 )
Burntwood 111,975 111,975
158,869 123,439
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,552 3,108
Bank loans and overdrafts 10,298 16,113
Burns Holdings 12,570 13,856
Client account 145,133 145,133
Credit card 153 -
Accruals and deferred income 5,255 5,488
Freshfield Commercials Ltd 8,825 8,825
185,786 192,523
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,089 30,629
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - -
Later than one year and not later than five years 28,089 30,629
28,089 30,629
28,089 30,629
Page 5