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Registered number: 07209532
Fully Wired Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Fully Wired Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Fully Wired Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 07209532

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 12,695 |  | 17,033
|  |  | 12,695 |  | 17,033
CURRENT ASSETS
Stocks | 5 | - |  | 35,750 |
Debtors | 6 | 117,337 |  | 57,071 |
Cash at bank and in hand |  | 900 |  | - |
|  | 118,237 |  | 92,821 |
Creditors: Amounts Falling Due Within One Year | 7 | (110,126 ) |  | (88,326 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 8,111 |  | 4,495
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 20,806 |  | 21,528
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,210 ) |  | (12,208 )
NET ASSETS |  |  | 19,596 |  | 9,320
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 19,496 |  | 9,220
SHAREHOLDERS' FUNDS |  |  | 19,596 |  | 9,320

Page 1
Page 2
Fully Wired Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr James Colam-Ainsworth Director
23/12/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Fully Wired Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Fully Wired Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07209532 . The registered office is 1 Miramar, Bradley, Huddersfield, West Yorkshire, HD2 1NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Computer Equipment | 33% Reducing Balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
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Fully Wired Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
6Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 7,462 | 46,640 | 7,026 | 61,128
As at 31 March 2025 | 7,462 | 46,640 | 7,026 | 61,128
Depreciation
As at 1 April 2024 | 6,467 | 31,837 | 5,791 | 44,095
Provided during the period | 199 | 3,700 | 439 | 4,338
As at 31 March 2025 | 6,666 | 35,537 | 6,230 | 48,433
Net Book Value
As at 31 March 2025 | 796 | 11,103 | 796 | 12,695
As at 1 April 2024 | 995 | 14,803 | 1,235 | 17,033

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | - |  | 35,750

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 73,769 |  | 16,284
Prepayments and accrued income | 575 |  | 962
Other debtors | 31,260 |  | 31,260
VAT | 11,733 |  | 8,565
| 117,337 |  | 57,071

Page 4
Page 5
Fully Wired Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 694 |  | 2,825
Trade creditors | 41,572 |  | 34,473
Bank loans and overdrafts | 17,073 |  | 28,567
Corporation tax | 4,495 |  | -
Other taxes and social security | 3,907 |  | 960
Net wages | 7,490 |  | 6,925
Other creditors | 3,794 |  | 134
Accruals and deferred income | 1,490 |  | 1,490
Director's loan account | 29,611 |  | 12,952
| 110,126 |  | 88,326

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 794
Bank loans | 1,210 |  | 11,414
| 1,210 |  | 12,208

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 694 |  | 2,825
Later than one year and not later than five years | - |  | 794
| 694 |  | 3,619
| 694 |  | 3,619

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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