REGISTERED NUMBER: 11995240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Full Tilt (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Evans

REGISTERED OFFICE:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

BUSINESS ADDRESS:

96 Poynings Avenue

Southend-on-sea

Essex

SS24RX

REGISTERED NUMBER:

11995240 (England and Wales)

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

5

213,108

183,963

Investment property

6

4,851

3,310

217,959

187,273

CURRENT ASSETS

Debtors

7

82,211

53,848

Cash at bank

853

-

83,064

53,848

CREDITORS

Amounts falling due within one year

8

238,787

164,759

NET CURRENT LIABILITIES

(155,723

)

(110,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,236

76,362

CREDITORS

Amounts falling due after more than one year

9

(31,939

)

(43,638

)

PROVISIONS FOR LIABILITIES

(30,061

)

(32,620

)

NET ASSETS

236

104

CAPITAL AND RESERVES

Called up share capital

11

95

95

Retained earnings

141

9

236

104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

S Evans - Director

1.	STATUTORY INFORMATION

Full Tilt (London) 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.	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).

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

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

Plant and Machinery

20% Straight Line

Computer Equipment

20% Straight Line

Leasehold Improvements

10% Straight Line

Furniture and Fittings

20% Straight Line

Motor Vehicles

25% Reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of

business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an quarterly basis, any adjustment is made accordingly in the profit and loss account.

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Going concern policy

At the balance sheet date the company had net current liabilities of £155,723 (2024: 110,911) and retained profits of £141 (2024: 9). The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

243,403

4,779

19,138

6,750

274,070

Additions

65,111

2,438

24,190

3,474

95,213

At 31 May 2025

308,514

7,217

43,328

10,224

369,283

DEPRECIATION

At 1 June 2024

72,233

807

14,880

2,187

90,107

Charge for year

56,258

1,335

6,608

1,867

66,068

At 31 May 2025

128,491

2,142

21,488

4,054

156,175

NET BOOK VALUE

At 31 May 2025

180,023

5,075

21,840

6,170

213,108

At 31 May 2024

171,170

3,972

4,258

4,563

183,963

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

5,315

Additions

2,145

At 31 May 2025

7,460

DEPRECIATION

At 1 June 2024

2,005

Charge for year

604

At 31 May 2025

2,609

NET BOOK VALUE

At 31 May 2025

4,851

At 31 May 2024

3,310

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

61,919

42,196

Other debtors

12,680

5,625

Directors' current accounts

-

51

Prepayments

7,312

5,614

Accrued income

300

362

82,211

53,848

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

27,379

17,765

Other loans (see note 10)

28,727

19,576

Trade creditors

70,865

31,830

Tax

-

431

VAT

106,590

66,865

Other creditors

-

25,330

Directors' current accounts

482

-

Accrued expenses

4,744

2,962

238,787

164,759

Creditors under one year includes £7,354 (2024: £7,173) in relation the Bounce LoanScheme(BBLS) which is managed by the British Business Bank on behalf of, and with thefinancialbacking of, the Secretary of State for Business, Energy and Industrial Strategy.

Creditors over one year includes £NIL (2024: £7,354) relating to this Bounce Back Loan.

Creditors under one year includes £5,314 (2024: £5,573) in relation to a Business Bank Loan from

Natwest, This loan is secured by way of personal guarantee.

Creditors over one year includes £2,285 (2024: £7,080) relating to this Bank Loan.

Creditors under one year includes £14,003 (2024: £14,003) in relation to a Business Loan from Funding Cirlce, This loan is secured by way of personal guarantee.

Creditors over one year includes £15,201 (2024: £29,204) relating to this Loan.

Creditors under one year includes £9,410 (2024: £nil) in relation to a Hire Purchase Agreement, This loan is secured by way of security over the assets the loan relates to.

Creditors over one year includes £14,453 (2024: £nil) relating to this Hire Purchase Agreement.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

-

7,354

Other loans (see note 10)

31,939

36,284

31,939

43,638

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

20,025

10,592

Bank loans

7,354

7,173

Other loans

5,314

5,573

Other loans 2 - under 1yr

14,003

14,003

HP under one year

9,410

-

56,106

37,341

2025

2024

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

7,354

Other loans - 1-2 years

2,285

7,080

Other loan 2 (1-2 yrs)

15,201

29,204

17,486

43,638

Amounts falling due between two and five years:

Other loans - 2-5 years

14,453

-

11.	CALLED UP SHARE CAPITAL

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

95

95

95

95

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £22,700 (2024 - £25,720) were paid to the director .

Transactions with the director

At 1 June2024

Advances todirector

Repaymentsby director

At 31 May2025

2025

£

£

£

£

Sonny Evans

51

42,712

(43,244

)

(482

)

Transactions with the director

At 1 June2023

Advances todirector

Repaymentsby director

At 31 May2024

2024

£

£

£

£

Sonny Evans

(301

)

40,732

(40,381

)

51

This loan is provided interest free and is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is S Evans.

14.	FINANCIAL COMMITMENTS

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £52,997 (2024 - £75,410). The company has leases on both of the current business premises. The total amount disclosed is the total amount due to the expiration of said leases.