Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-302023-10-30202022-10-31falseOther retail sales not in stores, stalls or markets19falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08047089 2022-10-31 2023-10-30 08047089 2021-11-01 2022-10-30 08047089 2023-10-30 08047089 2022-10-30 08047089 c:Director1 2022-10-31 2023-10-30 08047089 d:Buildings 2022-10-31 2023-10-30 08047089 d:Buildings 2023-10-30 08047089 d:Buildings 2022-10-30 08047089 d:Buildings d:OwnedOrFreeholdAssets 2022-10-31 2023-10-30 08047089 d:Buildings d:LongLeaseholdAssets 2022-10-31 2023-10-30 08047089 d:Buildings d:LongLeaseholdAssets 2023-10-30 08047089 d:Buildings d:LongLeaseholdAssets 2022-10-30 08047089 d:PlantMachinery 2022-10-31 2023-10-30 08047089 d:PlantMachinery 2023-10-30 08047089 d:PlantMachinery 2022-10-30 08047089 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-31 2023-10-30 08047089 d:ComputerEquipment 2022-10-31 2023-10-30 08047089 d:ComputerEquipment 2023-10-30 08047089 d:ComputerEquipment 2022-10-30 08047089 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-31 2023-10-30 08047089 d:OwnedOrFreeholdAssets 2022-10-31 2023-10-30 08047089 d:CurrentFinancialInstruments 2023-10-30 08047089 d:CurrentFinancialInstruments 2022-10-30 08047089 d:Non-currentFinancialInstruments 2023-10-30 08047089 d:Non-currentFinancialInstruments 2022-10-30 08047089 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-30 08047089 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-30 08047089 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-30 08047089 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-30 08047089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-30 08047089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-30 08047089 d:ShareCapital 2023-10-30 08047089 d:ShareCapital 2022-10-30 08047089 d:SharePremium 2023-10-30 08047089 d:SharePremium 2022-10-30 08047089 d:RetainedEarningsAccumulatedLosses 2023-10-30 08047089 d:RetainedEarningsAccumulatedLosses 2022-10-30 08047089 c:FRS102 2022-10-31 2023-10-30 08047089 c:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-30 08047089 c:FullAccounts 2022-10-31 2023-10-30 08047089 c:PrivateLimitedCompanyLtd 2022-10-31 2023-10-30 08047089 2 2022-10-31 2023-10-30 08047089 e:PoundSterling 2022-10-31 2023-10-30 iso4217:GBP xbrli:pure
Registered number: 08047089














FULLY CHARGED LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 OCTOBER 2023

 
FULLY CHARGED LIMITED
REGISTERED NUMBER:08047089

BALANCE SHEET
AS AT 30 OCTOBER 2023

2023
2022
Note

Fixed assets
  

Tangible assets
 4 
92,713
336,672

Current assets
  

Stocks
  
1,165,306
1,420,015

Debtors: amounts falling due within one year
 5 
349,988
279,355

Cash at bank and in hand
 6 
141,313
62,339

  
1,656,607
1,761,709

Creditors: amounts falling due within one year
 7 
(1,681,981)
(1,824,323)

Net current liabilities
  
 
 
(25,374)
 
 
(62,614)

Total assets less current liabilities
  
67,339
274,058

Creditors: amounts falling due after more than one year
 8 
(82,125)
(122,127)

  

Net (liabilities)/assets
  
£(14,786)
£151,931


Capital and reserves
  

Called up share capital 
  
110
110

Share premium account
  
2,490
2,490

Profit and loss account
  
(17,386)
149,331

  
£(14,786)
£151,931

Page 1

 
FULLY CHARGED LIMITED
REGISTERED NUMBER:08047089

BALANCE SHEET (CONTINUED)
AS AT 30 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 income and retained earnings 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 29 August 2024.



___________________________
B P Jaconelli
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FULLY CHARGED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

1.


General information

Fully Charged Limited is a private company, limited by shares, incorporated in England and Wales. The registered number is 08047089. The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FULLY CHARGED LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
FULLY CHARGED LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates 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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

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 balance sheet date in the countries where the Company operates and generates income.

 
2.11

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows..

Depreciation is provided on the following basis:

Long-term leasehold property
-
13%
Straight Line
Plant and machinery
-
25%
Reducing balance
Computer equipment
-
20%
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 5

 
FULLY CHARGED LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

2.Accounting policies (continued)

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - 19).

Page 6

 
FULLY CHARGED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Computer equipment
Total



Cost or valuation


At 31 October 2022
257,566
-
98,689
30,858
387,113


Additions
-
22,177
13,750
1,725
37,652


Disposals
(257,566)
-
(2,000)
-
(259,566)



At 30 October 2023

-
22,177
110,439
32,583
165,199



Depreciation


At 31 October 2022
-
-
42,331
8,111
50,442


Charge for the year on owned assets
-
1,292
15,596
6,418
23,306


Disposals
-
-
(1,262)
-
(1,262)



At 30 October 2023

-
1,292
56,665
14,529
72,486



Net book value



At 30 October 2023
£-
£20,885
£53,774
£18,054
£92,713



At 30 October 2022
£257,566
£-
£56,358
£22,747
£336,671


5.


Debtors

2023
2022


Trade debtors
52,393
40,692

Other debtors
279,600
201,084

Prepayments and accrued income
9,902
37,579

Tax recoverable
8,093
-

£349,988
£279,355



6.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
141,313
62,339

£141,313
£62,339


Page 7

 
FULLY CHARGED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022

Bank loans
40,000
40,000

Other loans
450,000
450,000

Trade creditors
731,369
829,880

Corporation tax
27,633
46,731

Other taxation and social security
238,102
322,304

Other creditors
179,789
70,442

Accruals and deferred income
15,088
64,966

£1,681,981
£1,824,323


The following liabilities were secured:

2023
2022



Bank loan and overdrafts
40,000
40,000

Other Loans
450,000
450,000

490,000
490,000

Details of security provided:

Bank loans, other loans and overdrafts are secured by way of fixed and floating charge over all property and undertakings of the company.


8.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
82,125
122,127

£82,125
£122,127


Page 8

 
FULLY CHARGED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
40,000
40,000

Other loans
450,000
450,000


490,000
490,000



Amounts falling due after more than 5 years

Bank loans
82,127
122,127

82,127
122,127

£572,127
£612,127



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,467 (2022 - £10,634). Contributions totalling £1,806 (2022 - £2,265) were payable to the fund at the balance sheet date and are included in creditors.


Page 9