Silverfin false 31/03/2023 01/04/2022 31/03/2023 Martine Brown 13/03/2019 Nicholas Brown 13/03/2019 14 March 2024 The principal activity of the Company during the financial year was medical consultancy work. SC624305 2023-03-31 SC624305 bus:Director1 2023-03-31 SC624305 bus:Director2 2023-03-31 SC624305 2022-03-31 SC624305 core:CurrentFinancialInstruments 2023-03-31 SC624305 core:CurrentFinancialInstruments 2022-03-31 SC624305 core:Non-currentFinancialInstruments 2023-03-31 SC624305 core:Non-currentFinancialInstruments 2022-03-31 SC624305 core:ShareCapital 2023-03-31 SC624305 core:ShareCapital 2022-03-31 SC624305 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC624305 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC624305 core:PlantMachinery 2022-03-31 SC624305 core:Vehicles 2022-03-31 SC624305 core:FurnitureFittings 2022-03-31 SC624305 core:ComputerEquipment 2022-03-31 SC624305 core:PlantMachinery 2023-03-31 SC624305 core:Vehicles 2023-03-31 SC624305 core:FurnitureFittings 2023-03-31 SC624305 core:ComputerEquipment 2023-03-31 SC624305 core:CostValuation 2022-03-31 SC624305 core:AdditionsToInvestments 2023-03-31 SC624305 core:CostValuation 2023-03-31 SC624305 2021-03-31 SC624305 bus:OrdinaryShareClass1 2023-03-31 SC624305 bus:OrdinaryShareClass2 2023-03-31 SC624305 bus:OrdinaryShareClass3 2023-03-31 SC624305 bus:OrdinaryShareClass4 2023-03-31 SC624305 core:ParentEntities 2023-03-31 SC624305 core:ParentEntities 2022-03-31 SC624305 core:KeyManagementPersonnel 2023-03-31 SC624305 core:KeyManagementPersonnel 2022-03-31 SC624305 2022-04-01 2023-03-31 SC624305 bus:FullAccounts 2022-04-01 2023-03-31 SC624305 bus:SmallEntities 2022-04-01 2023-03-31 SC624305 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC624305 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC624305 bus:Director1 2022-04-01 2023-03-31 SC624305 bus:Director2 2022-04-01 2023-03-31 SC624305 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 SC624305 core:Vehicles 2022-04-01 2023-03-31 SC624305 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 SC624305 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 SC624305 2021-04-01 2022-03-31 SC624305 core:PlantMachinery 2022-04-01 2023-03-31 SC624305 core:FurnitureFittings 2022-04-01 2023-03-31 SC624305 core:ComputerEquipment 2022-04-01 2023-03-31 SC624305 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 SC624305 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC624305 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC624305 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC624305 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC624305 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 SC624305 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC624305 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 SC624305 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 SC624305 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 SC624305 core:KeyManagementPersonnel 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC624305 (Scotland)

FULL SUS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

FULL SUS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

FULL SUS LTD

BALANCE SHEET

AS AT 31 MARCH 2023
FULL SUS LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 41,375 45,395
Investments 4 100 0
41,475 45,395
Current assets
Debtors 5 73,132 6,458
Cash at bank and in hand 6 148,991 155,884
222,123 162,342
Creditors: amounts falling due within one year 7 ( 31,898) ( 33,067)
Net current assets 190,225 129,275
Total assets less current liabilities 231,700 174,670
Creditors: amounts falling due after more than one year 8 ( 29,235) ( 35,231)
Provision for liabilities 9, 10 ( 10,344) ( 11,349)
Net assets 192,121 128,090
Capital and reserves
Called-up share capital 11 130 130
Profit and loss account 191,991 127,960
Total shareholders' funds 192,121 128,090

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Full Sus Ltd (registered number: SC624305) were approved and authorised for issue by the Board of Directors on 14 March 2024. They were signed on its behalf by:

Nicholas Brown
Director
FULL SUS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
FULL SUS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Full Sus Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 4 Kelvinside Gardens, Glasgow, G20 6BB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of he asset is estimated in order to determine the extent of the impairment loss (if any).

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2022 6,681 57,435 778 3,260 68,154
Additions 6,999 0 0 2,880 9,879
At 31 March 2023 13,680 57,435 778 6,140 78,033
Accumulated depreciation
At 01 April 2022 2,088 18,846 260 1,565 22,759
Charge for the financial year 2,691 9,647 195 1,366 13,899
At 31 March 2023 4,779 28,493 455 2,931 36,658
Net book value
At 31 March 2023 8,901 28,942 323 3,209 41,375
At 31 March 2022 4,593 38,589 518 1,695 45,395

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2022 0 0
Additions 100 100
At 31 March 2023 100 100
Carrying value at 31 March 2023 100 100
Carrying value at 31 March 2022 0 0

5. Debtors

2023 2022
£ £
Trade debtors 0 613
Amounts owed by Group undertakings (note 12) 72,360 0
Corporation tax 0 4,657
Other debtors 772 1,188
73,132 6,458

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 148,991 155,884

7. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 15,501 16,915
Obligations under finance leases and hire purchase contracts 8,829 5,979
Other creditors 7,568 10,173
31,898 33,067

Obligations under hire purchase contracts are secured over the assets to which they relate.

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 29,235 35,231

Obligations under hire purchase contracts are secured over the assets to which they relate.

9. Provision for liabilities

2023 2022
£ £
Deferred tax 10,344 11,349

10. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 11,349) ( 11,190)
Credited/(charged) to the Statement of Income and Retained Earnings 1,005 ( 159)
At the end of financial year ( 10,344) ( 11,349)

11. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
10 B ordinary shares of £ 1.00 each 10 10
10 C ordinary shares of £ 1.00 each 10 10
10 D ordinary shares of £ 1.00 each 10 10
130 130

12. Related party transactions

Transactions with group companies

Amounts owed by Group undertakings

2023 2022
£ £
Entities over which the entity has control, joint control or significant influence 72,360 0

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

2023 2022
£ £
Directors Loan 3,137 1,429

Amounts advanced to the directors in the year total £1,621. Amounts repaid by the directors in the year totals £3,329. The amounts owed are unsecured and repayable on demand.