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Registration number: 09213594

Full Circle Corporate Communications Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Full Circle Corporate Communications Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Full Circle Corporate Communications Ltd

Company Information

Directors

Kirsty Plank

Matthew Beasley

Martin Wiggins

Matthew Smith

Registered office

Unit 4 11-29 Fashion Street
London
E1 6PX

 

Full Circle Corporate Communications Ltd

(Registration number: 09213594)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

247,169

80,948

Cash at bank and in hand

 

5,976

170,099

 

253,145

251,047

Prepayments and accrued income

 

8,522

9,500

Creditors: Amounts falling due within one year

(87,705)

(122,258)

Total assets less current liabilities

 

173,962

138,289

Accruals and deferred income

 

(37,083)

(24,902)

Net assets

 

136,879

113,387

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

136,779

113,287

Shareholders' funds

 

136,879

113,387

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................

Martin Wiggins

Director

 

Full Circle Corporate Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4 11-29 Fashion Street
London
E1 6PX

These financial statements were authorised for issue by the Board on 14 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Full Circle Corporate Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Full Circle Corporate Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

6

Related party transactions

During the year the company entered into transactions, in the ordinary course of business, with related parties. Sales to and from related parties are made on terms equivalent to those that prevail in arm's length transactions.

Summary of transactions with parent

WHJE Limited is the parent company of Full Circle Corporate Communications Limited, owning 100% of its share capital
 The fees payable during the year to WHJE Limited for management and operational support amounted to £129,796 (2023: £88,800) and the amounts owed at the end of the year were £31,320 (2023: £7,800)

Sales to WHJE Limited during the year amounted to £15,738 (2023: £19,450) and the amounts owed at the end of the year were £4,350 (2023: £8,171).


 

Summary of transactions with entities with joint control or significant interest

Walden Page Ballard Limited
 Full Circle Corporate Communications Limited and Walden Page Ballard Limited are jointly under the control of WHJE Limited

WHJE Limited owns 80% of Walden Page Smith Limited, which owns 100% of Walden Page Smith Limited. WHJE also owns 100% of Full Circle Corporate Communications Limited.

 Sales to Walden Page Ballard Limited during the year amounted to £14,075 (2023: £5,725) and the amounts owed at the end of the year were £5,820 (2023: £1,230)

 

Loans to related parties

2024

Parent
£

Total
£

Advanced

261,131

261,131

Repaid

(135,000)

(135,000)

At end of period

126,131

126,131

2023

Parent
£

Total
£

At start of period

71,070

71,070

Repaid

(71,070)

(71,070)

At end of period

-

-

Loans from related parties

 

Full Circle Corporate Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

2024

Parent
£

Total
£

At start of period

57,039

57,039

Advanced

27,930

27,930

Repaid

(84,968)

(84,968)

At end of period

1

1

2023

Parent
£

Total
£

Advanced

57,039

57,039

At end of period

57,039

57,039

7

Parent and ultimate parent undertaking

The company's immediate parent is WHJE Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is WHJE Limited.