Registered number
10484451
Fulmar Shipping Limited
Filleted Accounts
30 November 2024
Fulmar Shipping Limited
Registered number: 10484451
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 455 2,437
Current assets
Debtors 4 132,433 160,839
Cash at bank and in hand 681,863 967,276
814,296 1,128,115
Creditors: amounts falling due within one year 5 (172,288) (289,821)
Net current assets 642,008 838,294
Net assets 642,463 840,731
Capital and reserves
Called up share capital 90 90
Capital redemption reserve 30 30
Profit and loss account 642,343 840,611
Shareholders' funds 642,463 840,731
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Iain R Macleod
Director
Approved by the board on 11 March 2025
Fulmar Shipping Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 6
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 December 2023 5,384
Additions 908
At 30 November 2024 6,292
Depreciation
At 1 December 2023 2,947
Charge for the year 2,890
At 30 November 2024 5,837
Net book value
At 30 November 2024 455
At 30 November 2023 2,437
4 Debtors 2024 2023
£ £
Trade debtors 132,433 154,855
Other debtors - 5,984
132,433 160,839
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 107,299 237,945
Other creditors 64,989 51,876
172,288 289,821
6 Other information
Fulmar Shipping Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Chertsey Road
Woking
Surrey
GU21 5AB
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