R. H. Fullwood & Co Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 0672657

R. H. Fullwood & Co Limited

Filleted Financial Statements

31 March 2025

R. H. Fullwood & Co Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		78,086	117,034

Current assets

Stocks		9,500	5,000
Debtors	6	1,043,716	2,546,922
Cash at bank and in hand		2,006,162	607,198
		------------	------------
		3,059,378	3,159,120

Creditors: amounts falling due within one year	7	1,809,181		1,968,430
		------------		------------
Net current assets			1,250,197	1,190,690
			------------	------------
Total assets less current liabilities			1,328,283	1,307,724
			------------	------------
Net assets			1,328,283	1,307,724
			------------	------------

Capital and reserves

Called up share capital	5,000	5,000
Profit and loss account	1,323,283	1,302,724
	------------	------------
Shareholders funds	1,328,283	1,307,724
	------------	------------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr G Fullwood

Director

R. H. Fullwood & Co Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Rowley Lane, South Elmsall, Pontefract, West Yorkshire, WF9 2JP.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The following judgements have had the most significant effect on the amounts recognised in the financial statements. Amounts due from customers in respect of contracts are recognised by reference to the proportion of work carried out and the profit included is calculated on a prudent basis which involves management judgement.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered and construction contracts, stated net of discounts and Value Added Tax. When the outcome of a transaction involving the rendering of services or construction contracts can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services or construction contracts cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on material timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	4% straight line
Plant and machinery	-	50% or 20% straight line
Fixtures and fittings	-	33% straight line
Motor vehicles	-	25% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost, The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. the assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 24 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	25,329	95,267	14,637	209,397	8,426	353,056
Additions	–	–	–	–	980	980
Disposals	–	( 11,200)	–	–	–	( 11,200)
	--------	--------	--------	---------	--------	---------
At 31 Mar 2025	25,329	84,067	14,637	209,397	9,406	342,836
	--------	--------	--------	---------	--------	---------
Depreciation
At 1 Apr 2024	25,329	95,267	14,619	93,086	7,721	236,022
Charge for the year	–	–	18	39,629	281	39,928
Disposals	–	( 11,200)	–	–	–	( 11,200)
	--------	--------	--------	---------	--------	---------
At 31 Mar 2025	25,329	84,067	14,637	132,715	8,002	264,750
	--------	--------	--------	---------	--------	---------
Carrying amount
At 31 Mar 2025	–	–	–	76,682	1,404	78,086
	--------	--------	--------	---------	--------	---------
At 31 Mar 2024	–	–	18	116,311	705	117,034
	--------	--------	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	915,525	2,502,788
Other debtors	128,191	44,134
	------------	------------
	1,043,716	2,546,922
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,136,790	1,308,851
Corporation tax	16,537	4,934
Social security and other taxes	352,612	347,952
Other creditors	303,242	306,693
	------------	------------
	1,809,181	1,968,430
	------------	------------

8. Summary audit opinion

The auditor's report dated 17 September 2025 was unqualified .

The senior statutory auditor was Michael Flanagan , for and on behalf of Holmes Beaumont & Holroyd Limited .

9. Directors' advances, credits and guarantees

No advances or credits were made to the directors during the year. The company did not enter into any guarantees on behalf of the directors during the year.

10. Related party transactions

Company buildings are erected on land owned by the directors for which no rent is charged.