Fullers Commerce LLP

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

Registered number: OC373031

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,406		35,205

			26,406		35,205
CURRENT ASSETS
Debtors	5	156,564		140,922
Cash at bank and in hand		167,545		156,398

		324,109		297,320
Creditors: Amounts Falling Due Within One Year	6	(198,257 )		(185,786 )

NET CURRENT ASSETS (LIABILITIES)			125,852		111,534

TOTAL ASSETS LESS CURRENT LIABILITIES			152,258		146,739

Creditors: Amounts Falling Due After More Than One Year	7		(26,994 )		(28,089 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			125,264		118,650

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		237,010		218,773

			237,010		218,773

Equity
Members' other interests
Members' capital		(119,525)		(117,021)
Other reserves		7,779		16,898

			(111,746)		(100,123)

			125,264		118,650

...CONTINUED

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Fullers Commerce LLP

Balance Sheet (continued)

As At 31 December 2025

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year	237,010	218,773
Members' other interests	(111,746)	(100,123)

	125,264	118,650

For the year ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Mark Fuller

Designated Member

24/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fullers Commerce LLP is a limited liability partnership, incorporated in England & Wales, registered number OC373031 . The Registered Office is Priestfield Farm, Henfield Road, Albourne Hassocks, West Sussex, BN6 9DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

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 and from the rendering of services. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	25% WDV
Motor Vehicles	20% WDV
Fixtures & Fittings	25% WDV
Computer Equipment	25% WDV

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Fullers Commerce LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	5,196	89,611	10,359	666	105,832

As at 31 December 2025	5,196	89,611	10,359	666	105,832

Depreciation
As at 1 January 2025	5,122	55,932	9,120	453	70,627
Provided during the period	18	8,419	309	53	8,799

As at 31 December 2025	5,140	64,351	9,429	506	79,426

Net Book Value
As at 31 December 2025	56	25,260	930	160	26,406

As at 1 January 2025	74	33,679	1,239	213	35,205

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	644	644
Axe Block Management	52,988	37,340
Fuller Commerce Southern	(9,037 )	(9,037 )
Burntwood	111,969	111,975

	156,564	140,922

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Fullers Commerce LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,952	3,552
Bank loans and overdrafts	11,384	10,298
Burns Holdings	11,770	12,570
Client account	145,701	145,133
Credit card	805	153
Accruals and deferred income	10,820	5,255
Freshfield Commercials Ltd	8,825	8,825

	198,257	185,786

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,994	28,089

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	26,994	28,089

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