REGISTERED NUMBER: 07868067 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fulfil Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Fowler

P Fowler

Bryan Fowler

Brett Fowler

G Fowler

N Fowler

REGISTERED OFFICE:

53 Central Way

Walworth Business Park

Andover

SP10 5AN

REGISTERED NUMBER:

07868067 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Intangible assets

4

26,958

74,250

Tangible assets

5

1,359,528

1,157,549

1,386,486

1,231,799

CURRENT ASSETS

Stocks

518,649

572,556

Debtors

6

1,125,902

1,123,671

Cash at bank

39

328,090

1,644,590

2,024,317

CREDITORS

Amounts falling due within one year

7

2,026,785

2,088,308

NET CURRENT LIABILITIES

(382,195

)

(63,991

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,291

1,167,808

CREDITORS

Amounts falling due after more than one year

8

(298,992

)

(357,429

)

PROVISIONS FOR LIABILITIES

(331,086

)

(279,115

)

NET ASSETS

374,213

531,264

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

373,213

530,264

SHAREHOLDERS' FUNDS

374,213

531,264

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

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

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 5 June 2025 and were signed on its behalf by:

N Fowler - Director

1.	STATUTORY INFORMATION

Fulfil 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

At variable rates on reducing balance

Fixtures and fittings

-

At variable rates on reducing balance

Motor vehicles

-

At variable rates on reducing balance

Computer equipment

-

At variable rates on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Trademarks

Totals

£

£

£

COST

At 1 January 2024

320,000

247,500

567,500

Additions

-

2,760

2,760

At 31 December 2024

320,000

250,260

570,260

AMORTISATION

At 1 January 2024

320,000

173,250

493,250

Amortisation for year

-

50,052

50,052

At 31 December 2024

320,000

223,302

543,302

NET BOOK VALUE

At 31 December 2024

-

26,958

26,958

At 31 December 2023

-

74,250

74,250

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

73,983

1,412,613

107,265

Additions

-

478,180

12,275

Disposals

-

(203,625

)

(4,522

)

At 31 December 2024

73,983

1,687,168

115,018

DEPRECIATION

At 1 January 2024

14,797

412,697

30,963

Charge for year

7,398

258,153

17,432

Eliminated on disposal

-

(203,625

)

(4,522

)

At 31 December 2024

22,195

467,225

43,873

NET BOOK VALUE

At 31 December 2024

51,788

1,219,943

71,145

At 31 December 2023

59,186

999,916

76,302

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

2,455

58,180

1,654,496

Additions

-

8,614

499,069

Disposals

-

-

(208,147

)

At 31 December 2024

2,455

66,794

1,945,418

DEPRECIATION

At 1 January 2024

2,455

36,035

496,947

Charge for year

-

14,107

297,090

Eliminated on disposal

-

-

(208,147

)

At 31 December 2024

2,455

50,142

585,890

NET BOOK VALUE

At 31 December 2024

-

16,652

1,359,528

At 31 December 2023

-

22,145

1,157,549

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

692,033

Additions

422,935

Transfer to ownership

(45,506

)

At 31 December 2024

1,069,462

DEPRECIATION

At 1 January 2024

154,608

Charge for year

157,670

Transfer to ownership

(15,770

)

At 31 December 2024

296,508

NET BOOK VALUE

At 31 December 2024

772,954

At 31 December 2023

537,425

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

976,337

1,038,036

Other debtors

149,565

85,635

1,125,902

1,123,671

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

175,900

65,193

Hire purchase contracts (see note 9)

312,850

199,639

Trade creditors

934,007

1,206,413

Amounts owed to group undertakings

172,906

204,900

Amounts owed to associates

131,634

131,755

Taxation and social security

80,883

44,142

Other creditors

218,605

236,266

2,026,785

2,088,308

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

67,621

121,718

Hire purchase contracts (see note 9)

231,371

235,711

298,992

357,429

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

312,850

199,639

Between one and five years

231,371

235,711

544,221

435,350

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

33,768

33,768

Between one and five years

48,400

82,168

82,168

115,936

10.	RELATED PARTY DISCLOSURES

Aggregate transactions with related parties during the year amounted to £262,823 (2023: £558,662).

At the year end:

The balance owed by the company amounted to £342,604 (2023: £421,709]

11.	ULTIMATE CONTROLLING PARTY

The controlling party is FCO Investments Ltd.