REGISTERED NUMBER: 11995240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Full Tilt (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Evans

T Holmes

REGISTERED OFFICE:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

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

234,489

217,959

CURRENT ASSETS

Debtors

6

143,679

82,211

Cash at bank

-

853

143,679

83,064

CREDITORS

Amounts falling due within one year

7

290,650

238,787

NET CURRENT LIABILITIES

(146,971

)

(155,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

87,518

62,236

CREDITORS

Amounts falling due after more than one year

8

(19,591

)

(31,939

)

PROVISIONS FOR LIABILITIES

(44,553

)

(30,061

)

NET ASSETS

23,374

236

CAPITAL AND RESERVES

Called up share capital

10

190

95

Retained earnings

23,184

141

23,374

236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf 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

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 £140,187 (2025: 155,723) and retained profits of £19,816 (2025: 141). 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 (2025 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2025

7,460

308,514

7,217

Additions

786

85,381

-

Disposals

-

(5,218

)

-

At 31 May 2026

8,246

388,677

7,217

DEPRECIATION

At 1 June 2025

2,609

128,491

2,142

Charge for year

766

57,780

1,443

Eliminated on disposal

-

(2,711

)

-

At 31 May 2026

3,375

183,560

3,585

NET BOOK VALUE

At 31 May 2026

4,871

205,117

3,632

At 31 May 2025

4,851

180,023

5,075

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

43,328

10,224

376,743

Additions

-

378

86,545

Disposals

-

-

(5,218

)

At 31 May 2026

43,328

10,602

458,070

DEPRECIATION

At 1 June 2025

21,488

4,054

158,784

Charge for year

5,460

2,059

67,508

Eliminated on disposal

-

-

(2,711

)

At 31 May 2026

26,948

6,113

223,581

NET BOOK VALUE

At 31 May 2026

16,380

4,489

234,489

At 31 May 2025

21,840

6,170

217,959

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

122,278

61,919

Other debtors

13,244

12,680

Prepayments

8,157

7,312

Accrued income

-

300

143,679

82,211

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

36,800

27,379

Other loans (see note 9)

24,158

28,727

Trade creditors

46,779

70,866

Tax

23,440

-

VAT

120,866

106,589

Directors' current accounts

35,527

482

Accrued expenses

3,080

4,744

290,650

238,787

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.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans (see note 9)

19,591

31,939

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

36,800

20,025

Bank loans

-

7,354

Other loans

-

5,314

Other loans 2 - under 1yr

14,003

14,003

HP under one year

3,818

9,410

HP 2 under one year

6,337

-

60,958

56,106

2026

2025

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

-

2,285

Other loan 2 (1-2 yrs)

1,198

15,201

Hire purchase loan 2

10,636

-

11,834

17,486

Amounts falling due between two and five years:

Other loans - 2-5 years

7,757

14,453

10.	CALLED UP SHARE CAPITAL

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

95

95

95

95

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £34,655 (2025: £482) to Mr S Evans and £872 (2025: £nil) to Mr T Holmes. These loans are provided interest free and are repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Evans and Mr T Holmes, byvirtue of their shareholding.

13.	FINANCIAL COMMITMENTS

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £29,688 (2025 - £52,997). 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.