REGISTERED NUMBER: 09872440 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Full Circle Funerals Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S C E Jones

Mr A H Clarke

REGISTERED OFFICE:

114 Otley Road

Guiseley

Leeds

West Yorksire

LS20 8LZ

REGISTERED NUMBER:

09872440 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Tangible assets

4

67,243

87,593

CURRENT ASSETS

Stocks

3,240

3,464

Debtors

65,537

54,429

Cash at bank and in hand

82,037

59,891

150,814

117,784

CREDITORS

Amounts falling due within one year

159,315

187,030

NET CURRENT LIABILITIES

(8,501

)

(69,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,742

18,347

PROVISIONS FOR LIABILITIES

5

21,935

14,013

NET ASSETS

36,807

4,334

CAPITAL AND RESERVES

Called up share capital

6

104

100

Retained earnings

36,703

4,234

SHAREHOLDERS' FUNDS

36,807

4,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2025 and were signed on its behalf by:

Mrs S C E Jones - Director

1.	STATUTORY INFORMATION

Full Circle Funerals 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.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 11 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

330,690

Additions

1,466

At 31 March 2025

332,156

DEPRECIATION

At 1 April 2024

243,097

Charge for year

21,816

At 31 March 2025

264,913

NET BOOK VALUE

At 31 March 2025

67,243

At 31 March 2024

87,593

5.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

11,270

3,348

Other provisions

10,665

10,665

21,935

14,013

Deferred

Bad Debt

tax

Provision

£

£

Balance at 1 April 2024

3,348

10,664

Charge to Income Statement during year

7,922

-

Balance at 31 March 2025

11,270

10,664

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary shares

£0.10

100

100

44

A shares

£0.10

4

-

104

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs S C E Jones

Balance outstanding at start of year

(92,576

)

(161,716

)

Amounts advanced

-

(430

)

Amounts repaid

49,939

69,570

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(42,637

)

(92,576

)

8.	RELATED PARTY DISCLOSURES

The director loan of £42,637 is money advanced to the Company by the Directors as at 31 March 2025. The loan is unsecured and interest free. The loan is repayable on demand.