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REGISTERED NUMBER: 07852585 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Flow Plumbing Services Ltd

Flow Plumbing Services Ltd (Registered number: 07852585)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flow Plumbing Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S McCormack
Mr A Newton





REGISTERED OFFICE: 90 High Road
Byfleet
West Byfleet
Surrey
KT14 7QT





REGISTERED NUMBER: 07852585 (England and Wales)





ACCOUNTANTS: LCP Accounting LLP
The Rectory Rooms
Glaston Hill Road
Eversley
Hampshire
RG27 0LX

Flow Plumbing Services Ltd (Registered number: 07852585)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 302,184 318,192
Investments 6 859,700 1,033,000
1,161,884 1,351,192

CURRENT ASSETS
Stocks 7,700 12,400
Debtors 7 96,027 239,594
Cash at bank 254,643 239,815
358,370 491,809
CREDITORS
Amounts falling due within one year 8 46,146 95,150
NET CURRENT ASSETS 312,224 396,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,474,108

1,747,851

CREDITORS
Amounts falling due after more than one
year

9

(197,179

)

(218,175

)

PROVISIONS FOR LIABILITIES (1,511 ) (5,184 )
NET ASSETS 1,275,418 1,524,492

CAPITAL AND RESERVES
Called up share capital 200 200
Non-distributable reserve 11 812,322 1,018,549
Retained earnings 462,896 505,743
SHAREHOLDERS' FUNDS 1,275,418 1,524,492

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

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

Flow Plumbing Services Ltd (Registered number: 07852585)

Balance Sheet - continued
31 March 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 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 12 October 2023 and were signed on its behalf by:




Mr S McCormack - Director



Mr A Newton - Director


Flow Plumbing Services Ltd (Registered number: 07852585)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Flow Plumbing Services Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
There have not been any estimation uncertainties in the application of the accounting policies.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities.

Financial assets are measured at amortised cost and comprise of cash and cash equivalents, trade and other debtors

Financial liabilities are measured at amortised cost and comprise of trade and other creditors.

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.


Flow Plumbing Services Ltd (Registered number: 07852585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 287,231 28,592 6,931
Additions - - 423
Disposals - (4,960 ) -
At 31 March 2023 287,231 23,632 7,354
DEPRECIATION
At 1 April 2022 - 25,674 3,032
Charge for year - 1,140 1,830
Eliminated on disposal - (4,960 ) -
At 31 March 2023 - 21,854 4,862
NET BOOK VALUE
At 31 March 2023 287,231 1,778 2,492
At 31 March 2022 287,231 2,918 3,899

Flow Plumbing Services Ltd (Registered number: 07852585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 47,327 21,460 391,541
Additions 12,520 - 12,943
Disposals (12,520 ) (7,056 ) (24,536 )
At 31 March 2023 47,327 14,404 379,948
DEPRECIATION
At 1 April 2022 27,827 16,816 73,349
Charge for year 11,684 1,777 16,431
Eliminated on disposal - (7,056 ) (12,016 )
At 31 March 2023 39,511 11,537 77,764
NET BOOK VALUE
At 31 March 2023 7,816 2,867 302,184
At 31 March 2022 19,500 4,644 318,192

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 1,033,000
Revaluations (173,300 )
At 31 March 2023 859,700
NET BOOK VALUE
At 31 March 2023 859,700
At 31 March 2022 1,033,000

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2021 1,213,055
Valuation in 2022 (180,055 )
Valuation in 2023 (173,300 )
859,700

Flow Plumbing Services Ltd (Registered number: 07852585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 57,262 129,142
Other debtors 38,765 110,452
96,027 239,594

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 30,409 60,883
Taxation and social security 3,727 17,954
Other creditors 12,010 16,313
46,146 95,150

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 197,179 218,175

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 164,679 175,675

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 164,679 175,675

The mortgage is secured by way of a fixed and floating charge against the freehold property of the company.

11. RESERVES
Non-distributable
reserve
£   
At 1 April 2022 1,018,549
Investment revaluation (173,300 )
Deferred tax (32,927 )

At 31 March 2023 812,322

12. ULTIMATE CONTROLLING PARTY

The controlling party is the directors of the company.