CIRCULOR LTD

Company Registration Number:
11067668 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 January 2023

End date: 31 March 2024

CIRCULOR LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CIRCULOR LTD

Balance sheet

As at 31 March 2024


Notes

15 months to 31 March 2024

2022


£

£
Fixed assets
Tangible assets: 3 74,469 238,330
Total fixed assets: 74,469 238,330
Current assets
Debtors: 4 8,210,266 4,951,228
Cash at bank and in hand: 5,774,398 14,582,427
Total current assets: 13,984,664 19,533,655
Creditors: amounts falling due within one year:   (33,366,277) (33,248,199)
Net current assets (liabilities): (19,381,613) (13,714,544)
Total assets less current liabilities: (19,307,144) (13,476,214)
Total net assets (liabilities): (19,307,144) (13,476,214)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (19,308,144) (13,477,214)
Shareholders funds: (19,307,144) (13,476,214)

The notes form part of these financial statements

CIRCULOR LTD

Balance sheet statements

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 May 2025
and signed on behalf of the board by:

Name: D Johnson-Poensgen
Status: Director

The notes form part of these financial statements

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

15 months to 31 March 2024 2022
Average number of employees during the period 28 39

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 January 2023 430,668
Disposals (6,209)
At 31 March 2024 424,459
Depreciation
At 01 January 2023 192,338
Charge for year 157,652
At 31 March 2024 349,990
Net book value
At 31 March 2024 74,469
At 31 December 2022 238,330

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

15 months to 31 March 2024 2022
££
Debtors due after more than one year: 8,210,266 4,951,228

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Financial commitments

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases

CIRCULOR LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Related party transactions

The Company has taken advantage of the exemption under FRS 102 (Section 33.1A) not to disclose related party transactions between wholly owned members of the same group.