REGISTERED NUMBER: 08850364 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Fully Novel Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

1,813

1,101

Current assets

Debtors

5

3,457

697

Cash at bank

35,657

20,153

39,114

20,850

Creditors

Amounts falling due within one year

6

11,919

4,529

Net current assets

27,195

16,321

Total assets less current liabilities

29,008

17,422

Capital and reserves

Called up share capital

7

100

100

Retained earnings

28,908

17,322

Shareholders' funds

29,008

17,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 23 March 2026 and were signed by:

T L Klein - Director

1.	Statutory information

Fully Novel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08850364

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Plant and machinery

-

20% on cost

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.

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 2 (2025 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 February 2025

12,572

Additions

1,696

At 31 January 2026

14,268

Depreciation

At 1 February 2025

11,471

Charge for year

984

At 31 January 2026

12,455

Net book value

At 31 January 2026

1,813

At 31 January 2025

1,101

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

2,760

-

Other debtors

697

697

3,457

697

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

1,260

322

Corporation tax

6,492

1,180

VAT

2,194

1,944

Directors' loan accounts

1,856

966

Accrued expenses

117

117

11,919

4,529

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

51

A Ordinary

£1

51

51

49

B Ordinary

£1

49

49

100

100

8.	Ultimate controlling party

The controlling party is T L Klein.