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REGISTERED NUMBER: 06805523 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Flex Dance Inc Limited

Flex Dance Inc Limited (Registered number: 06805523)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flex Dance Inc Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: Mrs S E Keeting
Mrs S L Catanach





REGISTERED OFFICE: 29 Southfield
Hessle
HU13 0EL





REGISTERED NUMBER: 06805523 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Flex Dance Inc Limited (Registered number: 06805523)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46 62
46 62

CURRENT ASSETS
Stocks 6,160 6,485
Cash at bank 25,900 30,559
32,060 37,044
CREDITORS
Amounts falling due within one year 6 22,867 22,197
NET CURRENT ASSETS 9,193 14,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,239

14,909

CREDITORS
Amounts falling due after more than one
year

7

25,144

35,532
NET LIABILITIES (15,905 ) (20,623 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,005 ) (20,723 )
(15,905 ) (20,623 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Flex Dance Inc Limited (Registered number: 06805523)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





Mrs S L Catanach - Director


Flex Dance Inc Limited (Registered number: 06805523)

Notes to the Financial Statements
for the year ended 31 January 2023


1. STATUTORY INFORMATION

Flex Dance Inc 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the balance sheet date, the company's liabilities exceeded its assets. However the directors are of the opinion that due to the continued support of the major creditor the company continues to be a going concern.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Flex Dance Inc Limited (Registered number: 06805523)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 19,000
AMORTISATION
At 1 February 2022
and 31 January 2023 19,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Flex Dance Inc Limited (Registered number: 06805523)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 2,584
DEPRECIATION
At 1 February 2022 2,522
Charge for year 16
At 31 January 2023 2,538
NET BOOK VALUE
At 31 January 2023 46
At 31 January 2022 62

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,206 8,598
Taxation and social security 13,484 13,422
Other creditors 177 177
22,867 22,197

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,144 35,532

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mrs S E Keeting
Balance outstanding at start of year - 60
Amounts repaid - (60 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -