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REGISTERED NUMBER: 11954108 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FLEXISS MANAGEMENT SERVICES LTD

FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FLEXISS MANAGEMENT SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: A J Wood
M P Wilson
P Whittaker
Ms A V E Hooley





REGISTERED OFFICE: Flexiss Group Brooke Court
Lower Meadow Road
Wilmslow
SK9 3ND





REGISTERED NUMBER: 11954108 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,566 12,836
Tangible assets 5 166,526 207,830
174,092 220,666

CURRENT ASSETS
Debtors 6 415,444 225,392
Cash at bank 660,780 269,766
1,076,224 495,158
CREDITORS
Amounts falling due within one year 7 549,612 361,660
NET CURRENT ASSETS 526,612 133,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,704

354,164

CREDITORS
Amounts falling due after more than one
year

8

(21,702

)

(182,472

)

PROVISIONS FOR LIABILITIES 10 (42,105 ) (49,681 )
NET ASSETS 636,897 122,011

CAPITAL AND RESERVES
Called up share capital 11 750 750
Retained earnings 636,147 121,261
SHAREHOLDERS' FUNDS 636,897 122,011

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.

FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

STATEMENT OF FINANCIAL POSITION - 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 9 November 2023 and were signed on its behalf by:





M P Wilson - Director


FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Flexiss Management 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.

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.

Turnover represents management services provided.

Intangible assets
Intangible fixed assets are included at cost or valuation less amortisation and impairment.

Amortisation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Patents and licences-3 years straight line.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are recorded at cost less depreciation and any impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.
Amounts due to and from related undertakings, included directors, are repayable on demand and are measured at the undiscounted amount due. Other liabilities shall be measured at amortised cost using the effective interest rate.


FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 50 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 15,970
AMORTISATION
At 1 April 2022 3,134
Charge for year 5,270
At 31 March 2023 8,404
NET BOOK VALUE
At 31 March 2023 7,566
At 31 March 2022 12,836

FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 265,508 3,780 269,288
Additions 5,325 - 3,360 8,685
At 31 March 2023 5,325 265,508 7,140 277,973
DEPRECIATION
At 1 April 2022 - 60,093 1,365 61,458
Charge for year 89 48,074 1,826 49,989
At 31 March 2023 89 108,167 3,191 111,447
NET BOOK VALUE
At 31 March 2023 5,236 157,341 3,949 166,526
At 31 March 2022 - 205,415 2,415 207,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,333 21,093
Other debtors 308,111 204,299
415,444 225,392

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 151,067 42,667
Trade creditors 39,425 8,801
Taxation and social security 316,503 140,008
Other creditors 31,969 159,536
549,612 361,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,702 31,405
Hire purchase contracts - 151,067
21,702 182,472

FLEXISS MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 11954108)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire Purchase contracts 151,067 193,734

Hire purchase contracts are secured on the asset concerned.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 42,105 49,681

Deferred
tax
£   
Balance at 1 April 2022 49,681
Provided during year (7,576 )
Balance at 31 March 2023 42,105

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
600 Ordinary A £1 600 600
150 Ordinary B £1 150 150
750 750