Fulcro Engineering Services Limited 31/03/2025 iXBRL

Company registration number: 4388143

Fulcro Engineering Services Limited

Unaudited filleted financial statements

31 March 2025

Fulcro Engineering Services Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	39,307		87,053
Investments	7	1		1
		_______		_______
			39,308		87,054

Current assets
Stocks		11,713		46,571
Debtors	8	1,024,583		755,067
Cash at bank and in hand		612,770		330,295
		_______		_______
		1,649,066		1,131,933
Creditors: amounts falling due
within one year	9	( 690,850)		( 666,904)
		_______		_______
Net current assets			958,216		465,029
			_______		_______
Total assets less current liabilities			997,524		552,083

Creditors: amounts falling due
after more than one year	10		( 6,086)		( 15,564)
			_______		_______
Net assets			991,438		536,519
			_______		_______

Capital and reserves
Called up share capital	12		2		2
Profit and loss account			991,436		536,517
			_______		_______
Shareholders funds			991,438		536,519
			_______		_______

For the year ending 31 March 2025 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

B Haldin

Director

Company registration number: 4388143

Fulcro Engineering Services 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 Fulcro Engineering Services Limited, Unit 3A Wixford Park, Georges Elm Lane, Bidford on Avon, Alcester, Warwickshire, B50 4JS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, unless otherwise specified within these accounting policies. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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 provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Rendering of services

The company provides 3D and 4D construction simulation and planning services to the construction industry. When the outcome of a project for the rendering of services can be estimated reliably in terms of revenue costs and its stage of completion, the company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific project at the end of the reporting period. The stage of completion is determined by the specific services provided in the contract period to date. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable contract costs incurred.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating results.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	33 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period to which they relate.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 32 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	82,689	82,689
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	82,689	82,689
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

6. Tangible assets

	Fixtures and fittings	Computer equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	47,620	310,428	18,020	376,068
Additions	-	4,874	-	4,874
Disposals	( 3,701)	( 88,259)	-	( 91,960)
	_______	_______	_______	_______
At 31 March 2025	43,919	227,043	18,020	288,982
	_______	_______	_______	_______
Depreciation
At 1 April 2024	37,687	242,845	8,483	289,015
Charge for the year	2,793	46,648	3,179	52,620
Disposals	( 3,701)	( 88,259)	-	( 91,960)
	_______	_______	_______	_______
At 31 March 2025	36,779	201,234	11,662	249,675
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	7,140	25,809	6,358	39,307
	_______	_______	_______	_______
At 31 March 2024	9,933	67,583	9,537	87,053
	_______	_______	_______	_______

7. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	1	1
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	1	1
	_______	_______
At 31 March 2024	1	1
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	710,739	528,967
Other debtors	313,844	226,100
	_______	_______
	1,024,583	755,067
	_______	_______

The company had previously allowed a fixed charge over trade debtors. The charge was satisfied in October 2025.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,000	89,580
Trade creditors	167,025	191,630
Amounts owed to group undertakings and undertakings in which the company has a participating interest	100	100
Social security and other taxes	154,124	141,504
Other creditors	269,601	244,090
	_______	_______
	690,850	666,904
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	6,086	15,564
	_______	_______

11. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2025	2024
	£	£
Not later than 1 year	9,478	12,567
Later than 1 year and not later than 5 years	6,086	15,564
	_______	_______
	15,564	28,131
	_______	_______
Present value of minimum lease payments	15,564	28,131
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary 'A' shares shares of £ 0.01 each	152	2	152	2
Ordinary 'B' shares shares of £ 0.01 each	48	0	48	0
	_______	_______	_______	_______
	200	2	200	2
	_______	_______	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company. The advances are interest free and repayable on demand:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	DLA	( 264)	9,376	( 2,210)	6,902
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	DLA	1,328	3,007	( 4,599)	( 264)
		_______	_______	_______	_______