Fullers Logistics Group Holdings Limited 31/12/2024 iXBRL

Company registration number: 02817019

Fullers Logistics Group Holdings Limited

Filleted financial statements

31 December 2024

Fullers Logistics Group Holdings Limited

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Notes to the financial statements

Fullers Logistics Group Holdings Limited

Directors and other information


Directors	P G Neylon
	R A Cowley	(Appointed 14 February 2026)


Secretary	P Rangari


Company number	02817019


Registered office	126 Fairlie Road
	Slough
	Berkshire
	SL1 4PY


Auditor	Leftley Rowe & Company
	Second Floor
	87 - 88 Turnmill Street
	London
	EC1M 5QU




	Bankers	Barclays Bank Plc
		Slough Business Centre
		PO Box 756
		Slough
		Berkshire

Fullers Logistics Group Holdings Limited

Directors responsibilities statement

Year ended 31 December 2024

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Fullers Logistics Group Holdings Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Current assets
Debtors	6	1,855,760		1,347,024
Cash at bank and in hand		81,758		65,575
		_______		_______
		1,937,518		1,412,599
Creditors: amounts falling due
within one year	7	( 850,965)		( 502,209)
		_______		_______
Net current assets			1,086,553		910,390
			_______		_______
Total assets less current liabilities			1,086,553		910,390

			_______		_______
Net assets			1,086,553		910,390
			_______		_______

Capital and reserves
Called up share capital	8		2,000		2,000
Profit and loss account			1,084,553		908,390
			_______		_______
Shareholders funds			1,086,553		910,390
			_______		_______

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 June 2026 , and are signed on behalf of the board by:

R A Cowley

Director

Company registration number: 02817019

Fullers Logistics Group Holdings Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 126 Fairlie Road, Slough, Berkshire, SL1 4PY.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:


Short leasehold property	-	straight line over life of lease
Fittings fixtures and equipment	-	10 - 33% straight line
Furniture and equipment	-	10 - 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.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 91 (2023: 83 ).

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Furniture and equipment	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	2,770	185,074	170,550	358,394
	_______	_______	_______	_______
Depreciation
At 1 January 2024 and 31 December 2024	2,770	185,074	170,550	358,394
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	-	-	-	-
	_______	_______	_______	_______
At 31 December 2023	-	-	-	-
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	218,788	332,954
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,626,923	1,001,406
Other debtors	10,049	12,664
	_______	_______
	1,855,760	1,347,024
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	25,491	20,875
Corporation tax	115,626	54,245
Social security and other taxes	113,475	268,824
Other creditors	596,373	158,265
	_______	_______
	850,965	502,209
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	2,000	2,000	2,000	2,000
	_______	_______	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	225,696	225,696
Later than 1 year and not later than 5 years	56,424	282,120
	_______	_______
	282,120	507,816
	_______	_______

10. Summary audit opinion

The auditor's report dated 23 June 2026 was unqualified.

The senior statutory auditor was Christopher Andrews ACA for and on behalf of Leftley Rowe & Company

11. Related party transactions

At the Balance Sheet date the company had debtors of £nil (2023: £8,142l) and creditors of £301,535 (2023: £97,694) to companies with a common director and common shareholder.

12. Ultimate parent undertaking

The ultimate parent company is Fullers Holdings Limited, a company incorporated in England and Wales.