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REGISTERED NUMBER: 07523139 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Full Circle Ingredients Limited

Full Circle Ingredients Limited (Registered number: 07523139)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Full Circle Ingredients Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Miss J Rogers
J J Davies





REGISTERED OFFICE: 14 Little Grebe Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8HP





REGISTERED NUMBER: 07523139 (England and Wales)





ACCOUNTANTS: ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX

Full Circle Ingredients Limited (Registered number: 07523139)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,915 44,281
Investments 5 434 284
53,349 44,565

CURRENT ASSETS
Stocks 6 49,257 67,447
Debtors 7 262,225 199,273
Cash at bank 44,664 9,900
356,146 276,620
CREDITORS
Amounts falling due within one year 8 233,757 194,584
NET CURRENT ASSETS 122,389 82,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,738

126,601

CREDITORS
Amounts falling due after more than one
year

9

36,105

29,205
NET ASSETS 139,633 97,396

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 139,623 97,386
SHAREHOLDERS' FUNDS 139,633 97,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Full Circle Ingredients Limited (Registered number: 07523139)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Miss J Rogers - Director


Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Full Circle Ingredients Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 53,693
Additions 49,176
Disposals (39,083 )
At 31 March 2023 63,786
DEPRECIATION
At 1 April 2022 9,412
Charge for year 11,230
Eliminated on disposal (9,771 )
At 31 March 2023 10,871
NET BOOK VALUE
At 31 March 2023 52,915
At 31 March 2022 44,281

Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 April 2022 284
New in year 150
At 31 March 2023 434

6. STOCKS
31.3.23 31.3.22
£    £   
Payments on account 49,257 67,447

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 216,026 168,574
Other debtors 46,199 30,699
262,225 199,273

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 205,152 172,765
Taxation and social security 27,788 21,819
Other creditors 817 -
233,757 194,584

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 36,105 29,205

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J J Davies
Balance outstanding at start of year 9,624 9,421
Amounts advanced 5,681 515
Amounts repaid (5,344 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,961 9,624

Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss J Rogers
Balance outstanding at start of year 9,624 9,421
Amounts advanced 5,681 515
Amounts repaid (5,344 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,961 9,624