11831407falseManufacturing Textiles2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11831407

Full Circle Textiles Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN

Full Circle Textiles Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Mr G Jackson
REGISTERED OFFICE
108 Hopefield Drive
Worsley
Manchester
Gtr Manchester
M28 3PW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11831407
ACCOUNTANTS
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN

Full Circle Textiles Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Full Circle Textiles Ltd

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,5473,092
CURRENT ASSETS
Stock4,2003,900
Cash at bank and in hand246716
4,4464,616
CREDITORS: Amounts falling due within one year542,94231,367
NET CURRENT LIABILITIES(38,496)(26,751)
TOTAL ASSETS LESS CURRENT LIABILITIES(36,949)(23,659)
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account(36,950)(23,660)
SHAREHOLDERS' FUNDS(36,949)(23,659)
For the year ending 28/02/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/11/2024 and signed on their behalf by
.............................
Mr G Jackson
Director

Full Circle Textiles Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Full Circle Textiles Ltd

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/03/20237,7277,727
At 28/02/20247,7277,727
Depreciation
At 01/03/20234,6354,635
For the year1,5451,545
At 28/02/20246,1806,180
Net Book Amounts
At 28/02/20241,5471,547
At 28/02/20233,0923,092
4. STOCK 20242023
££
Stock comprises:
Stock4,2003,900
4,2003,900
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE control35224
Directors current account40,11229,977
Accruals2,4781,366
42,94231,367
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11