FULL CIRCUIT LIMITED

Company Registration Number:
03234613 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FULL CIRCUIT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 11

FULL CIRCUIT LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Malcolm Reeves
Kathryn Reeves
Secretary: Kathryn Reeves
Registered office: 1
Cowley Way
Sutton Benger
Chippenham
Wiltshire
SN15 4SD
Company Registration Number: 03234613 (England and Wales)

FULL CIRCUIT LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

Electronic Design

Additional information

The directors' have decided to scale back the company with a view to semi-retirement and a change of direction.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Malcolm Reeves
Kathryn Reeves

Secretary
Kathryn Reeves

This report was approved by the board of directors on 27 November 2024
And Signed On Behalf Of The Board By:

Name: Kathryn Reeves
Status: Director

FULL CIRCUIT LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 0 1,405
Cost of sales ( 0 ) ( 0 )
Gross Profit or (Loss) 0 1,405
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 91 ) ( 1,489 )
Operating Profit or (Loss) ( 91 ) ( 84 )
Interest Receivable and Similar Income 0 1
Profit or (Loss) Before Tax 4 ( 91 ) ( 83 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 91 ) ( 83 )

The notes form part of these financial statements

FULL CIRCUIT LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 2,413 2,504
Total current assets: 2,413 2,504
Net current assets (liabilities): 2,413 2,504
Total assets less current liabilities: 2,413 2,504
Total net assets (liabilities): 2,413 2,504

The notes form part of these financial statements

FULL CIRCUIT LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,411 2,502
Shareholders funds: 2,413 2,504

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 November 2024
And Signed On Behalf Of The Board By:

Name: Kathryn Reeves
Status: Director

The notes form part of these financial statements

FULL CIRCUIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The financial statements are prepared under the historical cost convention and include the results of the company's operations as indicated in the directors' report, all of which are continuing.

    The company has taken advantage of the exemption from the requirement to produce a cash flow statement on the grounds that it is a small company.

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

    Office equipment 25% straight line basis

    Intangible fixed assets amortisation policy

    The company has no intangible assets.

    Valuation information and policy

    Stocks and work-in-progress are valued at a net realisable value of zero. Work is custom and client specific and thus has no value until complete.

FULL CIRCUIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

FULL CIRCUIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

FULL CIRCUIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4.Profit or (Loss) before tax

See director's report, additional info