Registration number: 07225265

The Full Works Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

The Full Works Ltd

Company Information

Director

Mr Wai-Man Wong

Registered office

27 Old Gloucester Street London WC1N 3AX

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

The Full Works Ltd

(Registration number: 07225265)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	4,962	23,239
Current assets
Debtors	6	5,850	46,698
Cash at bank and in hand		68,082	20,040
		73,932	66,738
Creditors: Amounts falling due within one year	7	(39,087)	(48,388)
Net current assets		34,845	18,350
Total assets less current liabilities		39,807	41,589
Creditors: Amounts falling due after more than one year	7	(33,378)	(41,026)
Net assets		6,429	563
Capital and reserves
Called up share capital		500	500
Retained earnings		5,929	63
Shareholders' funds		6,429	563

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director on 6 January 2026
 

......................................... Mr Wai-Man Wong Director

The Full Works Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom

These financial statements were authorised for issue by the director on 6 January 2026.

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.

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
Motor Vehicles	25% Straight Line
Office Equipment	25% Reducing Balance
Computer Equipment	33% Straight Line

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.

The Full Works Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

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.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Profit before tax

Arrived at after charging/(crediting)

The Full Works Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4	Profit before tax (continued)

	2025 £	2024 £
Depreciation expense	21,323	21,849

The Full Works Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	27,422	74,090	101,512
Additions	3,944	-	3,944
Disposals	(17,147)	-	(17,147)
At 30 April 2025	14,219	74,090	88,309
Depreciation
At 1 May 2024	22,705	55,568	78,273
Charge for the year	2,800	18,522	21,322
Eliminated on disposal	(16,248)	-	(16,248)
At 30 April 2025	9,257	74,090	83,347
Carrying amount
At 30 April 2025	4,962	-	4,962
At 30 April 2024	4,717	18,522	23,239

6

Debtors

Current	2025 £	2024 £
Trade debtors	2,880	3,600
Prepayments	2,970	2,184
Other debtors	-	40,914
	5,850	46,698

7

Creditors

Creditors: amounts falling due within one year

The Full Works Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

7	Creditors (continued)

	Note	2025 £	2024 £
Due within one year
Trade creditors		1,652	285
Amounts owed to group undertakings and undertakings in which the company has a participating interest		6,864	11,370
Taxation and social security		30,570	36,733
Other creditors		1	-
		39,087	48,388

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		33,378	41,026