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REGISTERED NUMBER: 01597249 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Flowstrip Limited

Flowstrip Limited (Registered number: 01597249)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flowstrip Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J A King
Mrs A Butler



REGISTERED OFFICE: Atkinsons Way
Foxhills Industrial Estate
Scunthorpe
North Lincolnshire
DN15 8QJ



REGISTERED NUMBER: 01597249 (England and Wales)



BANKERS: Yorkshire Bank
124 High Street
Scunthorpe
North Lincolnshire
DN15 6ES



SOLICITORS: Mason, Baggott & Garton
25 Bigby Street
Brigg
North Lincolnshire
DN20 8ED

Flowstrip Limited (Registered number: 01597249)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,230 230,153
Investments 5 299,461 299,461
482,691 529,614

CURRENT ASSETS
Stocks 449,930 483,654
Debtors 6 878,720 660,700
Investments 7 166,486 201,642
Cash at bank and in hand 1,493,868 1,239,197
2,989,004 2,585,193
CREDITORS
Amounts falling due within one year 8 986,884 840,986
NET CURRENT ASSETS 2,002,120 1,744,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,484,811

2,273,821

PROVISIONS FOR LIABILITIES 32,144 32,802
NET ASSETS 2,452,667 2,241,019

CAPITAL AND RESERVES
Called up share capital 9 65 65
Capital redemption reserve 35 35
Retained earnings 2,452,567 2,240,919
SHAREHOLDERS' FUNDS 2,452,667 2,241,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Flowstrip Limited (Registered number: 01597249)

Balance Sheet - continued
31 December 2022


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 24 October 2023 and were signed on its behalf by:




Mrs A Butler - Director



J A King - Director


Flowstrip Limited (Registered number: 01597249)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Flowstrip 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Flowstrip Limited (Registered number: 01597249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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.

Investments in participating interests
Investments in participating interests are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2021 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 345,861 121,380 253,877 123,706 844,824
Additions 9,892 1,200 - 14,351 25,443
Disposals - - (31,000 ) - (31,000 )
At 31 December 2022 355,753 122,580 222,877 138,057 839,267
DEPRECIATION
At 1 January 2022 334,935 101,741 92,140 85,855 614,671
Charge for year 3,054 4,744 53,328 11,239 72,365
Eliminated on disposal - - (30,999 ) - (30,999 )
At 31 December 2022 337,989 106,485 114,469 97,094 656,037
NET BOOK VALUE
At 31 December 2022 17,764 16,095 108,408 40,963 183,230
At 31 December 2021 10,926 19,639 161,737 37,851 230,153

Flowstrip Limited (Registered number: 01597249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. FIXED ASSET INVESTMENTS
Shares in
participating
interests
£   
COST
At 1 January 2022
and 31 December 2022 299,461
NET BOOK VALUE
At 31 December 2022 299,461
At 31 December 2021 299,461

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 826,561 634,711
Other debtors 52,159 25,989
878,720 660,700

7. CURRENT ASSET INVESTMENTS
31.12.22 31.12.21
£    £   
Unlisted investments 166,486 201,642

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 677,880 532,532
Taxation and social security 227,959 166,585
Other creditors 81,045 141,869
986,884 840,986

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
65 Ordinary 1 65 65

Flowstrip Limited (Registered number: 01597249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. RELATED PARTY DISCLOSURES

31.12.22 31.12.21
£ £
Rent paid to related parties 65,000 65,000
Sales to participating interests 13,711 11,383
Purchases from participating interests 234,455 196,241
Amounts owing to participating interests 59,651 48,465

The company rents a property from a company in which the director and majority shareholder is also the director and majority shareholder.

11. ULTIMATE CONTROLLING PARTY

Mrs A Butler, a director, controls the company by virtue of directly controlling the majority of the issued ordinary share capital.