Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08780294 Mr David Fuller Mr Adrian Fuller Mr D Fuller & Mr A Fuller true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08780294 2023-12-31 08780294 2024-12-31 08780294 2024-01-01 2024-12-31 08780294 frs-core:CurrentFinancialInstruments 2024-12-31 08780294 frs-core:Non-currentFinancialInstruments 2024-12-31 08780294 frs-core:ComputerEquipment 2024-12-31 08780294 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08780294 frs-core:ComputerEquipment 2023-12-31 08780294 frs-core:FurnitureFittings 2024-12-31 08780294 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08780294 frs-core:FurnitureFittings 2023-12-31 08780294 frs-core:PlantMachinery 2024-12-31 08780294 frs-core:PlantMachinery 2024-01-01 2024-12-31 08780294 frs-core:PlantMachinery 2023-12-31 08780294 frs-core:ShareCapital 2024-12-31 08780294 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08780294 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08780294 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08780294 frs-bus:SmallEntities 2024-01-01 2024-12-31 08780294 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08780294 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08780294 1 2024-01-01 2024-12-31 08780294 frs-bus:Director1 2024-01-01 2024-12-31 08780294 frs-bus:Director2 2024-01-01 2024-12-31 08780294 frs-countries:EnglandWales 2024-01-01 2024-12-31 08780294 2022-12-31 08780294 2023-12-31 08780294 2023-01-01 2023-12-31 08780294 frs-core:CurrentFinancialInstruments 2023-12-31 08780294 frs-core:Non-currentFinancialInstruments 2023-12-31 08780294 frs-core:ShareCapital 2023-12-31 08780294 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08780294
Fullers Auto Salvage Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Fullers Auto Salvage Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Fullers Auto Salvage Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08780294

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,604 |  | 3,032
|  |  | 2,604 |  | 3,032
CURRENT ASSETS
Stocks | 5 | 117,959 |  | 46,713 |
Debtors | 6 | 121,763 |  | 60,909 |
Cash at bank and in hand |  | 35,401 |  | 84,448 |
|  | 275,123 |  | 192,070 |
Creditors: Amounts Falling Due Within One Year | 7 | (104,355 ) |  | (73,814 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 170,768 |  | 118,256
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 173,372 |  | 121,288
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (6,667 ) |  | (16,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (126 ) |  | (207 )
NET ASSETS |  |  | 166,579 |  | 104,414
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 166,479 |  | 104,314
SHAREHOLDERS' FUNDS |  |  | 166,579 |  | 104,414

Page 1
Page 2
Fullers Auto Salvage Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr David Fuller Director
19th May 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Fullers Auto Salvage Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Fullers Auto Salvage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08780294 . The registered office is Priory Place Priory Road, Tiptree, Colchester, Essex, CO5 0QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 | 20% Reducing Balance
Fixtures & Fittings | 20% Reducing Balance
Computer Equipment | 20% Reducing Balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
Page 3
Page 4
Fullers Auto Salvage Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 4,728 | 1,095 | 2,477 | 8,300
Additions | - | - | 224 | 224
As at 31 December 2024 | 4,728 | 1,095 | 2,701 | 8,524
Depreciation
As at 1 January 2024 | 3,401 | 977 | 890 | 5,268
Provided during the period | 266 | 24 | 362 | 652
As at 31 December 2024 | 3,667 | 1,001 | 1,252 | 5,920
Net Book Value
As at 31 December 2024 | 1,061 | 94 | 1,449 | 2,604
As at 1 January 2024 | 1,327 | 118 | 1,587 | 3,032

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock - vehicles and spare parts | 117,959 |  | 46,713

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 101,617 |  | 40,317
Prepayments and accrued income | 146 |  | 592
Endeavour Loan | 20,000 |  | 20,000
| 121,763 |  | 60,909

Page 4
Page 5
Fullers Auto Salvage Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 18,419 |  | 3,562
Bank loans and overdrafts | 10,000 |  | 10,000
Corporation tax | 34,311 |  | 35,143
Other taxes and social security | 4,665 |  | 7,371
VAT | 35,376 |  | 16,090
Accruals and deferred income | 1,495 |  | 1,256
Directors' loan accounts | 89 |  | 392
| 104,355 |  | 73,814

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bounce Back Loan > 1 year | 6,667 |  | 16,667

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Fuller & Mr A Fuller by virtue of his ownership of 100% of their issued share capital in the company.
Page 5