FULL CIRCUIT FIRE AND SECURITY LTD


Directors	GABRYSZAK, Stephen
	WASLEY, Mark James


Registered Address	Unit 7 Trident Park
	3 Trident Way
	Blackburn
	BB1 3NU


Registered Number	02555280 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		4,237		5,477
Tangible assets	4		33,417		26,041
			37,654		31,518
Current assets
Stocks	5	18,028		21,528
Debtors		70,181		52,069
Cash at bank and on hand		5,368		3,234
		93,577		76,831
Creditors amounts falling due within one year	6	(142,160)		(162,288)
Net current assets (liabilities)			(48,583)		(85,457)
Total assets less current liabilities			(10,929)		(53,939)
Creditors amounts falling due after one year	7		(179,295)		(167,380)
Net assets			(190,224)		(221,319)
Capital and reserves
Called up share capital			1,443		1,443
Share premium			16,202		16,202
Profit and loss account			(207,869)		(238,964)
Shareholders' funds			(190,224)		(221,319)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2026, and are signed on its behalf by:

WASLEY, Mark James
Director
Registered Company No. 02555280

FULL CIRCUIT FIRE AND SECURITY LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	15
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		9

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	6,200	6,200
At 31 December 25	6,200	6,200
Amortisation and impairment
At 01 January 25	723	723
Charge for year	1,240	1,240
At 31 December 25	1,963	1,963
Net book value
At 31 December 25	4,237	4,237
At 31 December 24	5,477	5,477

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	4,660	50,665	5,073	22,206	82,604
Additions	-	15,600	-	319	15,919
At 31 December 25	4,660	66,265	5,073	22,525	98,523
Depreciation and impairment
At 01 January 25	4,552	29,742	4,833	17,436	56,563
Charge for year	16	7,712	36	779	8,543
At 31 December 25	4,568	37,454	4,869	18,215	65,106
Net book value
At 31 December 25	92	28,811	204	4,310	33,417
At 31 December 24	108	20,923	240	4,770	26,041

5.	Stocks

	2025	2024
	£	£
Other stocks	18,028	21,528
Total	18,028	21,528

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	65,821	70,617
Bank borrowings and overdrafts	5,520	5,520
Taxation and social security	27,757	20,823
Finance lease and HP contracts	13,979	9,324
Other creditors	15,914	50,004
Accrued liabilities and deferred income	13,169	6,000
Total	142,160	162,288


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	19,015	24,570
Amounts owed to related parties	148,902	132,600
Other creditors	11,378	10,210
Total	179,295	167,380


	Bounce Back Loan The Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 06 May 2030. The carrying amount at period end is £24,535 (2024: £30,091)

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	25,357		19,534

9.	Provisions for liabilities