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REGISTERED NUMBER: SC338937 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE FULL RANGE LTD

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

THE FULL RANGE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr B Knight
Ms N Prentice





SECRETARY: Mrs E McIvor





REGISTERED OFFICE: Seymour
1 Inchberry Place
Fochabers
Morayshire
IV32 7QL





REGISTERED NUMBER: SC338937 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 8,588
Tangible assets 5 4,512 3,755
Investments 6 140,049 90,050
144,561 102,393

CURRENT ASSETS
Debtors 7 699,681 463,149
Cash at bank 832,002 1,496,874
1,531,683 1,960,023
CREDITORS
Amounts falling due within one year 8 560,727 413,139
NET CURRENT ASSETS 970,956 1,546,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,115,517

1,649,277

CREDITORS
Amounts falling due after more than one year 9 - (175,000 )

PROVISIONS FOR LIABILITIES 10 (1,128 ) (714 )
NET ASSETS 1,114,389 1,473,563

CAPITAL AND RESERVES
Called up share capital 65 90
Share premium 5,999 5,999
Other reserves (87 ) (87 )
Retained earnings 1,108,412 1,467,561
1,114,389 1,473,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

BALANCE SHEET - continued
31 December 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 14 March 2024 and were signed on its behalf by:





Mr B Knight - Director


THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Full Range Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 11 (2022 - 12 ) .

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 32,500
AMORTISATION
At 1 January 2023 23,912
Charge for year 8,588
At 31 December 2023 32,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 8,588

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 520 10,588 11,108
Additions - 3,214 3,214
Disposals (110 ) (4,797 ) (4,907 )
At 31 December 2023 410 9,005 9,415
DEPRECIATION
At 1 January 2023 323 7,030 7,353
Charge for year 53 2,208 2,261
Eliminated on disposal (110 ) (4,601 ) (4,711 )
At 31 December 2023 266 4,637 4,903
NET BOOK VALUE
At 31 December 2023 144 4,368 4,512
At 31 December 2022 197 3,558 3,755

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 90,050
Additions 49,999
At 31 December 2023 140,049
NET BOOK VALUE
At 31 December 2023 140,049
At 31 December 2022 90,050

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 685,607 225,021
Amounts owed by group undertakings 5,000 5,000
Other debtors 1 -
Accrued income 7,574 224,062
Prepayments 1,499 9,066
699,681 463,149

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 1,410 16,806
Tax 381,190 188,549
Social security and other taxes 9,398 8,788
VAT 109,867 41,492
Other creditors 4,561 2,640
Directors' current accounts 624 936
Accrued expenses 53,677 103,928
560,727 413,139

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 150,000
Bank loans more 5 yr by instal - 25,000
- 175,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 25,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,128 714

Deferred
tax
£   
Balance at 1 January 2023 714
Movement 414
Balance at 31 December 2023 1,128

11. PENSION COMMITMENTS

As at 31 December 2023, there was pension payable of £4,509 (2022: £2,640) still outstanding. This balance is included in other creditors.

THE FULL RANGE LTD (REGISTERED NUMBER: SC338937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

12. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 25,000 -

The company will make a further £25,000 investment in stock of SA Scurr Enterprises.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr B Knight
Balance outstanding at start of year (312 ) -
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )

Mr G McIvor
Balance outstanding at start of year (312 ) (1,040 )
Amounts advanced 338 1,040
Amounts repaid (26 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (312 )

Ms N Prentice
Balance outstanding at start of year (312 ) (1,040 )
Amounts advanced - 1,040
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )

These loans are interest free and have no fixed repayment terms.

14. RELATED PARTY DISCLOSURES

As at 31 December 2023, there is a loan due from a company controlled by The Full Range Ltd of £5,000 (2022: £5,000). This loan is interest free and has no fixed repayment terms.

15. POST BALANCE SHEET EVENTS

The director, having made due and careful enquiry, has decided to sell the business as a going concern.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE FULL RANGE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Full Range Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Full Range Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Full Range Ltd and state those matters that we have agreed to state to the Board of Directors of The Full Range Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Full Range Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Full Range Ltd. You consider that The Full Range Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Full Range Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


15 March 2024