FULL CIRCUIT FIRE AND SECURITY LTD


Directors	GABRYSZAK, Stephen
	WASLEY, Mark James


Registered Address	Unit 7 Trident Park Unit 7 Trident Park
	3 Trident Way
	Blackburn
	BB1 3NU


Registered Number	02555280 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		5,477		56
Tangible assets	4		26,041		7,658
			31,518		7,714
Current assets
Stocks	5	21,528		21,528
Debtors		52,069		30,921
Cash at bank and on hand		3,234		17,847
		76,831		70,296
Creditors amounts falling due within one year	6	(162,288)		(105,936)
Net current assets (liabilities)			(85,457)		(35,640)
Total assets less current liabilities			(53,939)		(27,926)
Creditors amounts falling due after one year	7		(167,380)		(197,503)
Provisions for liabilities	9		-		(771)
Net assets			(221,319)		(226,200)
Capital and reserves
Called up share capital			1,443		1,145
Share premium			16,202		-
Profit and loss account			(238,964)		(227,345)
Shareholders' funds			(221,319)		(226,200)

The company was entitled to exemption from audit for this reporting period 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

WASLEY, Mark James
Director
Registered Company No. 02555280

FULL CIRCUIT FIRE AND SECURITY LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	15
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	9		9

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	1,000	1,000
Additions	6,200	6,200
Disposals	(1,000)	(1,000)
At 31 December 24	6,200	6,200
Amortisation and impairment
At 01 January 24	944	944
Charge for year	779	779
On disposals	(1,000)	(1,000)
At 31 December 24	723	723
Net book value
At 31 December 24	5,477	5,477
At 31 December 23	56	56

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	4,660	34,177	5,073	21,803	65,713
Additions	-	20,687	-	403	21,090
Disposals	-	(4,199)	-	-	(4,199)
At 31 December 24	4,660	50,665	5,073	22,206	82,604
Depreciation and impairment
At 01 January 24	4,532	32,139	4,790	16,594	58,055
Charge for year	19	1,803	43	842	2,707
On disposals	-	(4,199)	-	-	(4,199)
At 31 December 24	4,551	29,743	4,833	17,436	56,563
Net book value
At 31 December 24	109	20,922	240	4,770	26,041
At 31 December 23	128	2,038	283	5,209	7,658

5.	Stocks

	2024	2023
	£	£
Other stocks	21,528	21,528
Total	21,528	21,528

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	84,154	79,641
Bank borrowings and overdrafts	5,520	7,919
Taxation and social security	20,823	18,376
Finance lease and HP contracts	9,324	-
Other creditors	36,467	-
Accrued liabilities and deferred income	6,000	-
Total	162,288	105,936


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	24,570	54,125
Amounts owed to related parties	132,600	143,378
Other creditors	10,210	-
Total	167,380	197,503


	Bounce Back Loan The Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 06 May 2026. The carrying amount at period end is £30,093 (2023: £35,645)

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	10,210		-

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	-	771
Total	-	771