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REGISTERED NUMBER: 07523139 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Full Circle Ingredients Limited

Full Circle Ingredients Limited (Registered number: 07523139)






Contents of the Financial Statements
for the Year Ended 31 March 2024




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 2024







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 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,300 52,915
Investments 5 - 434
83,300 53,349

CURRENT ASSETS
Stocks 6 65,001 49,257
Debtors 7 221,555 262,225
Cash at bank 74,943 44,664
361,499 356,146
CREDITORS
Amounts falling due within one year 8 227,330 233,757
NET CURRENT ASSETS 134,169 122,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,469

175,738

CREDITORS
Amounts falling due after more than one
year

9

64,046

36,105
NET ASSETS 153,423 139,633

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 153,413 139,623
SHAREHOLDERS' FUNDS 153,423 139,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 15 July 2024 and were signed on its behalf by:





J J Davies - Director


Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements
for the Year Ended 31 March 2024

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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 63,786
Additions 52,886
Disposals (2,035 )
At 31 March 2024 114,637
DEPRECIATION
At 1 April 2023 10,871
Charge for year 22,501
Eliminated on disposal (2,035 )
At 31 March 2024 31,337
NET BOOK VALUE
At 31 March 2024 83,300
At 31 March 2023 52,915

Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 April 2023 434
New in year 1,316
Other movement (1,750 )
At 31 March 2024 -

6. STOCKS
31.3.24 31.3.23
£    £   
Payments on account 65,001 49,257

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 188,725 216,026
Amounts owed by group undertakings 1,750 -
Other debtors 31,080 46,199
221,555 262,225

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 194,956 205,152
Taxation and social security 32,144 27,788
Other creditors 230 817
227,330 233,757

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 64,046 36,105

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J J Davies
Balance outstanding at start of year 9,961 9,624
Amounts advanced 1,827 5,681
Amounts repaid (1,983 ) (5,344 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,805 9,961

Full Circle Ingredients Limited (Registered number: 07523139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss J Rogers
Balance outstanding at start of year 9,961 9,624
Amounts advanced 1,827 5,681
Amounts repaid (1,983 ) (5,344 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,805 9,961