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COMPANY REGISTRATION NUMBER: 2390765
Fulmel Limited
Filleted Unaudited Financial Statements
31 August 2024
Fulmel Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
454,304
468,977
Current assets
Stocks
6,000
6,000
Debtors
7
1,145
1,008
Cash at bank and in hand
5,734
10,586
--------
--------
12,879
17,594
Creditors: amounts falling due within one year
8
55,114
48,146
--------
--------
Net current liabilities
42,235
30,552
---------
---------
Total assets less current liabilities
412,069
438,425
Creditors: amounts falling due after more than one year
9
327,734
346,033
---------
---------
Net assets
84,335
92,392
---------
---------
Capital and reserves
Called up share capital
10
1,000
1,000
Profit and loss account
11
83,335
91,392
--------
--------
Shareholders funds
84,335
92,392
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fulmel Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
C Ferlisi
Director
Company registration number: 2390765
Fulmel Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 77 Windmill Hill, Enfield, Middlesex, EN2 7AF, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Accounting convention
The accounts have been prepared under the historical cost convention and in compliance with the provisions of the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (SI2008/409) and Financial Reporting Standard 102 Section 1A.
(b) Pensions
The company contributes to the director’s personal pension plan, and to its employees’ workplace pensions in compliance with workplace pension legislation. Company contributions are charged to the profit and loss account as they fall due.
(c) Deferred taxation
Full provision is made at current tax rates for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
(d) Turnover
Turnover comprises revenue arising from goods and services supplied during the year and excludes Value Added Tax.
(e) Tangible fixed assets and depreciation
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates calculated to write each asset down to its residual value over its estimated useful life: Land and buildings - 2% straight line Furniture, fittings and equipment - 20% on reducing balance
(f) Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Tax on profit
2024
2023
£
£
Corporation tax charge on the profit for the year @ 19.0% (2023 – 19.0%)
6,953
7,943
-------
-------
6. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
628,199
163,910
792,109
---------
---------
---------
Depreciation
At 1 September 2023
169,765
153,367
323,132
Charge for the year
12,564
2,109
14,673
---------
---------
---------
At 31 August 2024
182,329
155,476
337,805
---------
---------
---------
Carrying amount
At 31 August 2024
445,870
8,434
454,304
---------
---------
---------
At 31 August 2023
458,434
10,543
468,977
---------
---------
---------
7. Debtors
2024
2023
£
£
Other debtors
1,145
1,008
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,060
9,660
Trade creditors
887
1,379
Corporation tax
6,953
7,943
Social security and other taxes
20,807
16,834
Director's current account ( C Ferlisi)
4,322
474
Mortgage loan (secured) (current portion)
8,280
8,280
Other creditors
3,805
3,576
--------
--------
55,114
48,146
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,313
23,711
Mortgage loan (secured) – not wholly repayable within five years
124,421
132,322
Director's loan (C Ferlisi) (unsecured and interest-free)
190,000
190,000
---------
---------
327,734
346,033
---------
---------
10. Called up share capital
2024
2023
£
£
Authorised: 1,000 ordinary shares of £1 each
1,000
1,000
Allotted, called up and fully paid: 1,000 ordinary shares of £1 each
1,000
1,000
11. Reserves
2024 2023
£ £
Accumulated profits brought forward 91,392 94,972
Profit for the year 16,943 21,420
Dividends paid in the year (25,000) (25,000)
-------- --------
Accumulated profits carried forward 83,335 91,392
-------- --------