FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Company Registration Number:
12134395 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Additional information

Notes to Accounts



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

David Brian Graves


The directors shown below have held office during the period of
14 June 2022 to 31 December 2022

Stuart George Broughton-Johnson
Daniel James Cappuccio
Chadwick Todd Hancock
Rachel Kate Sanders
Douglas Goubault


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 October 2023

And signed on behalf of the board by:
Name: David Brian Graves
Status: Director

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 16 months to 31 December 2021


£

£
Turnover: 1,167,470 935,123
Cost of sales: ( 740,423 ) ( 784,564 )
Gross profit(or loss): 427,047 150,559
Administrative expenses: ( 108,517 ) ( 105,688 )
Operating profit(or loss): 318,530 44,871
Interest payable and similar charges: ( 24,042 ) ( 28,106 )
Profit(or loss) before tax: 294,488 16,765
Tax: ( 35,627 )
Profit(or loss) for the financial year: 258,861 16,765

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 16 months to 31 December 2021


£

£
Fixed assets
Tangible assets: 3 10,911 9,131
Total fixed assets: 10,911 9,131
Current assets
Debtors: 4 130,394 140,062
Cash at bank and in hand: 380,699 27,189
Total current assets: 511,093 167,251
Creditors: amounts falling due within one year: 5 ( 88,084 ) ( 25,386 )
Net current assets (liabilities): 423,009 141,865
Total assets less current liabilities: 433,920 150,996
Creditors: amounts falling due after more than one year: 6 ( 299,846 ) ( 275,882 )
Total net assets (liabilities): 134,074 (124,886)
Capital and reserves
Called up share capital: 100 1
Profit and loss account: 133,974 (124,887 )
Total Shareholders' funds: 134,074 (124,886)

The notes form part of these financial statements

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 19 October 2023
and signed on behalf of the board by:

Name: David Brian Graves
Status: Director

The notes form part of these financial statements

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover consists of insurance services performed where revenue is recognized in the month that the service is rendered and performance based services where premiums are earned as a percentage of recovered insurance capital with revenue is recognized in the month that insurance capital is recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the declining balance method.The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

    Other accounting policies

    DebtorsShort term debtors are measured at transaction price, less any impairment.Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.CreditorsShort term creditors are measured at the transaction price.Foreign currency translationFunctional and presentation currencyThe Company's functional and presentational currency is GBP.Transactions and balancesForeign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 16 months to 31 December 2021
    Average number of employees during the period 10 8

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 14,544 14,544
Additions 4,780 4,780
Disposals
Revaluations
Transfers
At 31 December 2022 19,324 19,324
Depreciation
At 1 January 2022 5,413 5,413
Charge for year 3,000 3,000
On disposals
Other adjustments
At 31 December 2022 8,413 8,413
Net book value
At 31 December 2022 10,911 10,911
At 31 December 2021 9,131 9,131

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 16 months to 31 December 2021
£ £
Trade debtors 127,126 87,359
Prepayments and accrued income 3,268 5,885
Other debtors 46,818
Total 130,394 140,062

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 16 months to 31 December 2021
£ £
Trade creditors 26,085 5,190
Taxation and social security 61,999 20,196
Total 88,084 25,386

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 16 months to 31 December 2021
£ £
Other creditors 299,846 275,882
Total 299,846 275,882

FULLCIRCLE CLAIMS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Loans to directors

Name of director receiving advance or credit: David Brian Graves
Description of the transaction:
Director loan.
£
Balance at 31 December 2021 13,369
Advances or credits made:
Advances or credits repaid: 1
Balance at 31 December 2022 13,368