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Registered number: 10091452
Fultone Brass Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Richards Associates Limited
North Lodge Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10091452
2026 2025
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 - 1,250
Debtors 6 - 2,748
Cash at bank and in hand - 8,464
- 12,462
Creditors: Amounts Falling Due Within One Year 7 (874 ) (9,205 )
NET CURRENT ASSETS (LIABILITIES) (874 ) 3,257
TOTAL ASSETS LESS CURRENT LIABILITIES (874 ) 3,257
Creditors: Amounts Falling Due After More Than One Year 8 - (780 )
NET (LIABILITIES)/ASSETS (874 ) 2,477
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (974 ) 2,377
SHAREHOLDERS' FUNDS (874) 2,477
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 N Fulton
Director
14 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fultone Brass Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10091452 . The registered office is 28 Rowley Way Rowley Way, Knutsford, WA16 9AU.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment 33% on cost
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. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Going concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 374
Disposals (374 )
As at 31 March 2026 -
Depreciation
As at 1 April 2025 374
Disposals (374 )
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Stocks
2026 2025
£ £
Stock - 1,250
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 2,748
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts - 1,170
VAT - 1,452
Accruals and deferred income 600 525
Director's loan account 274 6,058
874 9,205
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 780
9. Share Capital
2026 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr N Fulton by virtue of his ownership of 100% of the issued share capital in the company.
11. Going concern
Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.
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