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Company Registration No. 07262388 (England and Wales)
Full Production Limited Unaudited accounts for the year ended 31 May 2025
Full Production Limited Unaudited accounts Contents
Page
- 2 -
Full Production Limited Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
82,385 
99,907 
Current assets
Inventories
61,293 
124,714 
Debtors
143,087 
84,888 
Cash at bank and in hand
85,489 
98,974 
289,869 
308,576 
Creditors: amounts falling due within one year
(163,117)
(186,190)
Net current assets
126,752 
122,386 
Total assets less current liabilities
209,137 
222,293 
Creditors: amounts falling due after more than one year
- 
(10,958)
Provisions for liabilities
Deferred tax
(14,911)
(19,556)
Net assets
194,226 
191,779 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
194,126 
191,679 
Shareholders' funds
194,226 
191,779 
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by
Steven Richardson Director Company Registration No. 07262388
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Full Production Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Full Production Limited is a private company, limited by shares, registered in England and Wales, registration number 07262388. The registered office is Unit 9, Castle End, Ruscombe, Berkshire, RG10 9XQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
25% on the reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 4 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2024
10,000 
At 31 May 2025
10,000 
Amortisation
At 1 June 2024
10,000 
At 31 May 2025
10,000 
Net book value
At 31 May 2025
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2024
26,537 
56,359 
15,792 
34,851 
36,579 
170,118 
Additions
- 
4,493 
- 
3,754 
3,452 
11,699 
Disposals
- 
- 
- 
- 
(2,348)
(2,348)
At 31 May 2025
26,537 
60,852 
15,792 
38,605 
37,683 
179,469 
Depreciation
At 1 June 2024
2,654 
21,607 
9,130 
11,707 
25,113 
70,211 
Charge for the year
531 
12,766 
1,666 
6,778 
6,948 
28,689 
On disposals
- 
- 
- 
- 
(1,816)
(1,816)
At 31 May 2025
3,185 
34,373 
10,796 
18,485 
30,245 
97,084 
Net book value
At 31 May 2025
23,352 
26,479 
4,996 
20,120 
7,438 
82,385 
At 31 May 2024
23,883 
34,752 
6,662 
23,144 
11,466 
99,907 
6
Inventories
2025 
2024 
£ 
£ 
Work in progress
- 
3,800 
Finished goods
61,293 
120,914 
61,293 
124,714 
- 5 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2025
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,528 
38,267 
Accrued income and prepayments
30,359 
31,169 
Other debtors
10,200 
15,452 
143,087 
84,888 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
30,732 
6,310 
Obligations under finance leases and hire purchase contracts
10,959 
10,010 
Trade creditors
27,728 
115,092 
Taxes and social security
9,924 
16,163 
Other creditors
7,137 
3,601 
Accruals
76,637 
35,014 
163,117 
186,190 
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
10,958 
10
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
14,911 
19,556 
2025 
2024 
£ 
£ 
Provision at start of year
19,556 
10,375 
(Credited)/charged to the profit and loss account
(4,645)
9,181 
Provision at end of year
14,911 
19,556 
11
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
35,594 
34,000 
Later than one year and not later than five years
149,595 
147,189 
Later than five years
7,704 
45,704 
192,893 
226,893 
- 6 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2025
12
Average number of employees
During the year the average number of employees was 9 (2024: 7).
- 7 -