Fullers Auto Salvage Limited

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

Registered number: 08780294

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		407,589		2,604

			407,589		2,604
CURRENT ASSETS
Stocks	5	186,200		117,959
Debtors	6	39,208		121,763
Cash at bank and in hand		109,251		35,401

		334,659		275,123
Creditors: Amounts Falling Due Within One Year	7	(271,430 )		(104,355 )

NET CURRENT ASSETS (LIABILITIES)			63,229		170,768

TOTAL ASSETS LESS CURRENT LIABILITIES			470,818		173,372

Creditors: Amounts Falling Due After More Than One Year	8		(219,602 )		(6,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(180 )		(126 )

NET ASSETS			251,036		166,579

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			250,936		166,479

SHAREHOLDERS' FUNDS			251,036		166,579

Page 1

Page 2

Fullers Auto Salvage Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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	Mr Adrian Fuller Director
14th July 2026

The notes on pages 3 to 5 form part of these 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, 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:

Freehold	Cost Price
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.

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Fullers Auto Salvage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	-	4,728	1,095	2,701	8,524
Additions	404,933	717	-	-	405,650

As at 31 December 2025	404,933	5,445	1,095	2,701	414,174

Depreciation
As at 1 January 2025	-	3,667	1,001	1,252	5,920
Provided during the period	-	356	19	290	665

As at 31 December 2025	-	4,023	1,020	1,542	6,585

Net Book Value
As at 31 December 2025	404,933	1,422	75	1,159	407,589

As at 1 January 2025	-	1,061	94	1,449	2,604

5. Stocks

	2025	2024
	£	£
Stock - vehicles and spare parts	186,200	117,959

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Fullers Auto Salvage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	17,744	101,617
Prepayments and accrued income	237	146
Endeavour Loan	20,000	20,000

	37,981	121,763
Due after more than one year
Fraud Claim	1,227	-

	39,208	121,763

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	48,646	18,419
Bank loans and overdrafts	32,467	10,000
Corporation tax	34,801	34,311
Other taxes and social security	3,127	4,665
VAT	22,315	35,376
Accruals and deferred income	1,720	1,495
Directors' loan accounts	128,354	89

	271,430	104,355

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

	2025	2024
	£	£
Bank Loans due > 1 year	219,602	6,667

9. Share Capital

	2025	2024
	£	£
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.