Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01trueNo description of principal activity26true 07267979 2022-04-01 2023-03-31 07267979 2021-04-01 2022-03-31 07267979 2023-03-31 07267979 2022-03-31 07267979 c:Director1 2022-04-01 2023-03-31 07267979 d:PlantMachinery 2022-04-01 2023-03-31 07267979 d:PlantMachinery 2023-03-31 07267979 d:PlantMachinery 2022-03-31 07267979 d:FurnitureFittings 2022-04-01 2023-03-31 07267979 d:FurnitureFittings 2023-03-31 07267979 d:FurnitureFittings 2022-03-31 07267979 d:CurrentFinancialInstruments 2023-03-31 07267979 d:CurrentFinancialInstruments 2022-03-31 07267979 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07267979 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07267979 d:ShareCapital 2023-03-31 07267979 d:ShareCapital 2022-03-31 07267979 d:RetainedEarningsAccumulatedLosses 2023-03-31 07267979 d:RetainedEarningsAccumulatedLosses 2022-03-31 07267979 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07267979 c:OrdinaryShareClass1 2023-03-31 07267979 c:EntityHasNeverTraded 2022-04-01 2023-03-31 07267979 c:FRS102 2022-04-01 2023-03-31 07267979 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07267979 c:FullAccounts 2022-04-01 2023-03-31 07267979 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07267979














FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
REGISTERED NUMBER:07267979

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
273

Current assets
  

Debtors: amounts falling due within one year
 5 
1,202
81,117

Cash at bank and in hand
  
80,665
58,283

  
81,867
139,400

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(166,198)
(224,004)

Net current liabilities
  
 
 
(84,331)
 
 
(84,604)

  

Net liabilities
  
(84,331)
(84,331)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(84,333)
(84,333)

  
(84,331)
(84,331)


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 January 2024.


S J Tracey
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
REGISTERED NUMBER:07267979
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


Page 2

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Full Circle Performance and Production Limited is a private limited liability company registered in England and Wales. Its registered office and business address is Acre House, 11-15 William Road, London, NW1 3ER.
The company's principal activity is that of event production services.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

At the reporting date the company had net current liabilities and net liabilities. The directors have obtained assurance from its parent undertakings that funds will continue to be made available to the company so that it will be able to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved by the directors. Therefore the accounts have been prepared under the going concern basis.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding value added tax.
Turnover is recognised when the event takes place and it is probable that economic benefits will flow to the company.

 
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent difference. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Plant and machinery
-
33.33%
straight line
Fixtures and fittings
-
33.33%
straight line

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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 6).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2022
28,728
3,650
32,378


Disposals
(28,728)
(3,650)
(32,378)



At 31 March 2023

-
-
-





At 1 April 2022
28,455
3,650
32,105


Disposals
(28,455)
(3,650)
(32,105)



At 31 March 2023

-
-
-



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
273
-
273

Page 5

 
FULL CIRCLE PERFORMANCE AND PRODUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,202
2,027

Prepayments and accrued income
-
79,090

1,202
81,117



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
285

Amounts owed to group undertakings
166,198
-

Accruals and deferred income
-
223,719

166,198
224,004



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



8.


Parent undertaking

The immediate parent undertaking of the company is Vibration Group Limited, a company registered in England and Wales, with its registered office at Acre House, 11-15 William Road, London NW1 3ER. 
The ultimate parent undertaking is Broadwick Group Limited, a company registered in England and Wales, with its registered office at Acre House, 11-15 William Road, London NW1 3ER.
Broadwick Group Limited prepares consolidated accounts, which are available from Companies House.

 
Page 6