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REGISTERED NUMBER: 06170866 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

FLASHPOINT FABRICATIONS LIMITED

FLASHPOINT FABRICATIONS LIMITED (REGISTERED NUMBER: 06170866)

ABRIDGED BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,221 118,730

CURRENT ASSETS
Stocks 32,285 64,109
Debtors 112,403 156,247
Cash at bank 116,448 142,665
261,136 363,021
CREDITORS
Amounts falling due within one year 106,484 170,723
NET CURRENT ASSETS 154,652 192,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,873

311,028

CREDITORS
Amounts falling due after more than one
year

5

(129,293

)

(88,809

)

PROVISIONS FOR LIABILITIES (41,400 ) (22,559 )
NET ASSETS 172,180 199,660

RESERVES
Called up share capital 1 1
Retained earnings 172,179 199,659
SHAREHOLDERS' FUNDS 172,180 199,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FLASHPOINT FABRICATIONS LIMITED (REGISTERED NUMBER: 06170866)

ABRIDGED BALANCE SHEET - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2023 and were signed on its behalf by:





P D Stimpson - Director


FLASHPOINT FABRICATIONS LIMITED (REGISTERED NUMBER: 06170866)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Flashpoint Fabrications Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06170866 and the registered office is Station Lane, Hethersett, Norwich, Norfolk NR9 3AY. The presentation currency of the financial statements is 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 comprises the value of goods and services invoiced to customers less returns after deducting trade and other discounts and excluding value added tax.

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 reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 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.

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.

FLASHPOINT FABRICATIONS LIMITED (REGISTERED NUMBER: 06170866)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 346,941
Additions 94,445
Disposals (3,363 )
At 30 April 2023 438,023
DEPRECIATION
At 1 May 2022 228,210
Charge for year 23,572
Eliminated on disposal (1,980 )
At 30 April 2023 249,802
NET BOOK VALUE
At 30 April 2023 188,221
At 30 April 2022 118,731

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans 21,722 30,648

FLASHPOINT FABRICATIONS LIMITED (REGISTERED NUMBER: 06170866)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 38,193 30,768
Between one and five years 107,571 58,161
145,764 88,929

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,000 7,500
Between one and five years 7,500 -
37,500 7,500

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.