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Company Registration No. 07262388 (England and Wales)
Full Production Limited Unaudited accounts for the year ended 31 May 2026
Full Production Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Full Production Limited Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
91,798
82,385
Current assets
Inventories
6
73,598
61,293
Debtors
7
171,516
143,087
Cash at bank and in hand
203,945
85,489
449,059
289,869
Creditors: amounts falling due within one year
8
(220,044)
(163,117)
Net current assets
229,015
126,752
Total assets less current liabilities
320,813
209,137
Creditors: amounts falling due after more than one year
9
(1,833)
-
Provisions for liabilities
Deferred tax
10
(17,452)
(14,911)
Net assets
301,528
194,226
Capital and reserves
Called up share capital
100
100
Profit and loss account
301,428
194,126
Shareholders' funds
301,528
194,226
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by
Steven Richardson Director Company Registration No. 07262388
- 3 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Full Production Limited is a private company, limited by shares, registered in England and Wales, registration number 07262388. The registered office is Unit 9, Castle End, Ruscombe, Berkshire, RG10 9XQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
25% on the reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 4 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2026
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2025
10,000
At 31 May 2026
10,000
Amortisation
At 1 June 2025
10,000
At 31 May 2026
10,000
Net book value
At 31 May 2026
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2025
26,537
60,852
15,792
38,605
37,683
179,469
Additions
-
24,787
13,293
1,882
7,486
47,448
Disposals
-
-
-
(211)
-
(211)
At 31 May 2026
26,537
85,639
29,085
40,276
45,169
226,706
Depreciation
At 1 June 2025
3,185
34,373
10,796
18,485
30,245
97,084
Charge for the year
530
16,972
4,572
7,105
8,729
37,908
On disposals
-
-
-
(84)
-
(84)
At 31 May 2026
3,715
51,345
15,368
25,506
38,974
134,908
Net book value
At 31 May 2026
22,822
34,294
13,717
14,770
6,195
91,798
At 31 May 2025
23,352
26,479
4,996
20,120
7,438
82,385
6
Inventories
2026
2025
£
£
Work in progress
4,342
-
Finished goods
69,256
61,293
73,598
61,293
- 5 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2026
7
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
130,678
102,528
Accrued income and prepayments
30,638
30,359
Other debtors
10,200
10,200
171,516
143,087
8
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
30,642
30,732
Obligations under finance leases and hire purchase contracts
10,483
10,959
Trade creditors
39,410
27,728
Taxes and social security
34,285
9,924
Other creditors
2,688
7,137
Accruals
102,536
76,637
220,044
163,117
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
1,833
-
10
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
17,452
14,911
2026
2025
£
£
Provision at start of year
14,911
19,556
Charged/(credited) to the profit and loss account
2,541
(4,645)
Provision at end of year
17,452
14,911
11
Operating lease commitments
2026
2025
£
£
At 31 May 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,000
35,594
Later than one year and not later than five years
121,299
149,595
Later than five years
-
7,704
157,299
192,893
- 6 -
Full Production Limited Notes to the Accounts for the year ended 31 May 2026
12
Average number of employees
During the year the average number of employees was 8 (2025: 9).
- 7 -