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Registration number: 11752776

Full Circle Workplace Ltd
Unaudited Filleted Financial Statements
for the Period from 1 February 2024 to 31 July 2025

Full Circle Workplace Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 11

Full Circle Workplace Ltd

Company Information

Directors | Mrs Sarah Williams Mr Mark Read Mr Gareth Read Mr Simon Christopher Sutton

Registered office | Unit 5 Deva City Office Park Trinity Way Salford M3 7BF

Accountants | Williamson Croft Accountants Limited Chartered Certified AccountantsYork House 20 York Street Manchester M2 3BB

Full Circle Workplace Ltd

Directors' Report for the Period from 1 February 2024 to 31 July 2025

The directors present their report and the financial statements for the period from 1 February 2024 to 31 July 2025.

Directors of the company

The directors who held office during the period were as follows:

Mrs Sarah Williams

Mr Mark Read

Mr Gareth Read

Mr Simon Christopher Sutton (appointed 2 September 2024)

Principal activity

The principal activity of the company is the refurbishment and fit-out of industrial and office premises.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:

......................................... Mr Mark Read Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Full Circle Workplace Ltd
for the Period Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Full Circle Workplace Ltd for the period ended 31 July 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Full Circle Workplace Ltd , as a body, in accordance with the terms of our engagement letter dated 2 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Full Circle Workplace Ltd and state those matters that we have agreed to state to the Board of Directors of Full Circle Workplace Ltd , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Full Circle Workplace Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Full Circle Workplace Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Full Circle Workplace Ltd . You consider that Full Circle Workplace Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Full Circle Workplace Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

26 September 2025

Full Circle Workplace Ltd

(Registration number: 11752776)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 76,978 | 60,779
Current assets |  |  |
Stocks | 5 | - | 42,877
Debtors | 6 | 1,542,838 | 395,854
Cash at bank and in hand |  | 434,950 | 666,087
|  | 1,977,788 | 1,104,818
Creditors: Amounts falling due within one year | 7 | (1,229,546) | (468,251)
Net current assets |  | 748,242 | 636,567
Total assets less current liabilities |  | 825,220 | 697,346
Creditors: Amounts falling due after more than one year | 7 | (261,180) | (427,978)
Provisions for liabilities |  | (4,662) | (1,332)
Net assets |  | 559,378 | 268,036
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 559,278 | 267,936
Shareholders' funds |  | 559,378 | 268,036

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:

......................................... Mr Mark Read Director

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Deva City Office Park
Trinity Way
Salford
M3 7BF
England

These financial statements were authorised for issue by the Board on 26 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

Contract revenue recognition

When the outcome of construction contracts can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion at the end of the reporting period. The stage of completion of contracts in progress is based on the proportion of costs incurred for work performed to date in relation to the estimated total costs. When the outcome of a construction contract cannot be estimated reliably, revenue is only recognised to the extent of contract costs incurred that it is probable will be recoverable. When it is probable that total contract costs will exceed total contract revenue on a construction contract, the expected loss shall be recognised as an expense immediately, with a corresponding provision for an onerous contract.
Revenue in respect to variations to contracts is recognised when the variations have been agreed by the customer.
Where costs incurred plus recognised profits less recognised losses exceed progress billings, the balance is shown as amounts recoverable on contracts work within debtors. Where progress billing exceed costs incurred plus recognised profits less recognised losses, the balance is show as amounts due to customers on contracts within creditors.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% Straight line method
Motor vehicles | 20% Straight line method

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 8 (2024 - 7).

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2024 | 6,941 | 86,539 | 93,480
Additions | 44,319 | - | 44,319
At 31 July 2025 | 51,260 | 86,539 | 137,799
Depreciation
At 1 February 2024 | 3,123 | 29,578 | 32,701
Charge for the period | 10,812 | 17,308 | 28,120
At 31 July 2025 | 13,935 | 46,886 | 60,821
Carrying amount
At 31 July 2025 | 37,325 | 39,653 | 76,978
At 31 January 2024 | 3,818 | 56,961 | 60,779

.

5 | Stocks

| 2025 £ | 2024 £
Work in progress | - | 42,877

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 155,951 | 255,854
Amounts recoverable on contracts | 1,301,178 | -
Prepayments | 4,667 | -
Other debtors | 81,042 | 140,000
| 1,542,838 | 395,854

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 111,425 | 74,129
Trade creditors |  | 388,725 | -
Taxation and social security |  | 637,603 | 330,749
Accruals and deferred income |  | 5,807 | -
Other creditors |  | 85,986 | 63,373
|  | 1,229,546 | 468,251

Included within loans and borrowings less than one year is £29,148 (2024: £23,700). This relates to a commercial loan which is secured by way of a fixed and floating charge and negative pledge.

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 261,180 | 371,072
Other financial liabilities |  | - | 56,906
|  | 261,180 | 427,978

Included within loans and borrowings more than one year is £24,831 (2024: £63,023). This relates to a commercial loan which is secured by way of a fixed and floating charge and negative pledge.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £230,790. The balance relates to the undiscounted minimum future payments due under non-cancellable operating leases, no security has been provided.

Full Circle Workplace Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

10 | Related party transactions

As at the period end there were amounts totalling £29,917 owed by the directors (2024: £23,136 owed to the directors). The amounts are unsecured, repayable on demand and interest is being charged.