2022-10-012023-07-312023-07-31falseSC418506FULLER REACH 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FULLER REACH LIMITED

(formerly NGM ACCOUNTANTS LIMITED)

Registered Number
SC418506
(Scotland)

Unaudited Financial Statements for the Period ended
31 July 2023

FULLER REACH LIMITED
Company Information
for the period from 1 October 2022 to 31 July 2023

Director

FAIRGRIEVE, John Alexander

Registered Address

Park Lane House
47 Broad Street
Glasgow
G40 2QW

Registered Number

SC418506 (Scotland)
FULLER REACH LIMITED
Balance Sheet as at
31 July 2023

Notes

31 Jul 2023

30 Sep 2022

£

£

£

£

Fixed assets
Tangible assets413,10911,978
13,10911,978
Current assets
Debtors67,26654,464
Cash at bank and on hand24,01127,432
91,27781,896
Creditors amounts falling due within one year(122,338)(83,124)
Net current assets (liabilities)(31,061)(1,228)
Total assets less current liabilities(17,952)10,750
Creditors amounts falling due after one year(12,923)(18,803)
Provisions for liabilities(2,514)(1,081)
Net assets(33,389)(9,134)
Capital and reserves
Called up share capital100100
Profit and loss account(33,489)(9,234)
Shareholders' funds(33,389)(9,134)
The financial statements were approved and authorised for issue by the Director on 30 April 2024, and are signed on its behalf by:
FAIRGRIEVE, John Alexander
Director
Registered Company No. SC418506
FULLER REACH LIMITED
Notes to the Financial Statements
for the period ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year56
3.Intangible assets

Total

£
Cost or valuation
At 01 October 22106,080
At 31 July 23106,080
Amortisation and impairment
At 01 October 22106,080
At 31 July 23106,080
Net book value
At 31 July 23-
At 30 September 22-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2234,317
Additions1,130
At 31 July 2335,447
Depreciation and impairment
At 01 October 2222,338
At 31 July 2322,338
Net book value
At 31 July 2313,109
At 30 September 2211,978