REGISTERED NUMBER: 04633129 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FULL CIRCLE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Harris

Mrs M P Harris

M J Harris

SECRETARY:

Mrs M P Harris

REGISTERED OFFICE:

Lincoln Road

Cressex Industrial Estate

High Wycombe

Buckinghamshire

HP12 3RD

REGISTERED NUMBER:

04633129 (England and Wales)

ACCOUNTANTS:

LSR Management Limited

Unit C2A Comet Studios

De Havilland Court

Penn Street

Amersham

Buckinghamshire

HP7 0PX

FIXED ASSETS

Tangible assets

4

512,017

536,100

Investment property

5

127,000

127,000

639,017

663,100

CURRENT ASSETS

Stocks

11,266

8,898

Debtors

6

181,103

114,367

Cash at bank and in hand

140,499

146,711

332,868

269,976

CREDITORS

Amounts falling due within one year

7

164,507

156,613

NET CURRENT ASSETS

168,361

113,363

TOTAL ASSETS LESS CURRENT LIABILITIES

807,378

776,463

CREDITORS

Amounts falling due after more than one year

8

209,252

253,453

NET ASSETS

598,126

523,010

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

597,126

522,010

598,126

523,010

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M J Harris - Director

1.	STATUTORY INFORMATION

Full Circle Services 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.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 10 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

686,313

223,506

909,819

Additions

-

3,818

3,818

At 31 December 2024

686,313

227,324

913,637

DEPRECIATION

At 1 January 2024

189,368

184,351

373,719

Charge for year

17,158

10,743

27,901

At 31 December 2024

206,526

195,094

401,620

NET BOOK VALUE

At 31 December 2024

479,787

32,230

512,017

At 31 December 2023

496,945

39,155

536,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

127,000

NET BOOK VALUE

At 31 December 2024

127,000

At 31 December 2023

127,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,050

16,800

Other debtors

156,053

97,567

181,103

114,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,954

35,064

Trade creditors

36,232

30,616

Taxation and social security

52,472

59,777

Other creditors

33,849

31,156

164,507

156,613

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

209,252

253,453