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REGISTERED NUMBER: 04244038 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

FULL SUPPLY LIMITED

FULL SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FULL SUPPLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M G Mitchell
Mrs A K Mitchell





REGISTERED OFFICE: Unit 20a Dawley Trading Estate
Stallings Lane
Kingswinford
West Midlands
DY6 7AP





REGISTERED NUMBER: 04244038 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

FULL SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,812 18,898

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 784,455 690,158
Cash at bank 138,836 125,489
933,291 825,647
CREDITORS
Amounts falling due within one year 6 203,716 136,524
NET CURRENT ASSETS 729,575 689,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,387

708,021

PROVISIONS FOR LIABILITIES 5,941 4,413
NET ASSETS 752,446 703,608

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 752,443 703,605
SHAREHOLDERS' FUNDS 752,446 703,608

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:




M G Mitchell - Director



Mrs A K Mitchell - Director


FULL SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Full Supply 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.

The directors considers that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

FULL SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 36,035 24,832 60,867
Additions 1,901 22,315 24,216
Disposals (3,270 ) (24,832 ) (28,102 )
At 31 July 2024 34,666 22,315 56,981
DEPRECIATION
At 1 August 2023 22,784 19,185 41,969
Charge for year 2,868 5,579 8,447
Eliminated on disposal (3,062 ) (19,185 ) (22,247 )
At 31 July 2024 22,590 5,579 28,169
NET BOOK VALUE
At 31 July 2024 12,076 16,736 28,812
At 31 July 2023 13,251 5,647 18,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,835 101,672
Other debtors 597,620 588,486
784,455 690,158

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 96,410 46,217
Trade creditors 32,186 52,147
Taxation and social security 70,585 34,118
Other creditors 4,535 4,042
203,716 136,524

FULL SUPPLY LIMITED (REGISTERED NUMBER: 04244038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 96,410 46,217

The overdraft is secured by a fixed and floating charge.

8. PENSION COMMITMENTS

During the year, the company made contributions to a defined contribution pension scheme. At the balance sheet date £735 (2023: £576) was due to the pension scheme.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made interest-bearing loans to Mrs A K Mitchell and Mr M G Mitchell. The amounts outstanding at the year end were: Mrs A K Mitchell £224,800 (2023: £220,062) and Mr M G Mitchell £224,800 (2023: £220,062).

During the year, Full Supply Limited rented premises from the directors for the amount of £19,200 (2023: £19,200).