IRIS Accounts Production v23.3.1.45 03533961 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035339612022-03-31035339612023-03-31035339612022-04-012023-03-31035339612021-03-31035339612021-04-012022-03-31035339612022-03-3103533961ns10:Originalns15:EnglandWales2022-04-012023-03-3103533961ns14:PoundSterlingns10:Original2022-04-012023-03-3103533961ns10:Originalns10:Director12022-04-012023-03-3103533961ns10:Original2022-04-012023-03-3103533961ns10:Original2023-03-3103533961ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103533961ns10:Originalns10:SmallEntities2022-04-012023-03-3103533961ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3103533961ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103533961ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103533961ns10:Originalns10:FullAccounts2022-04-012023-03-3103533961ns10:Originalns10:Director22022-04-012023-03-3103533961ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103533961ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103533961ns10:Original2022-03-3103533961ns10:Originalns5:CurrentFinancialInstruments2023-03-3103533961ns10:Originalns5:CurrentFinancialInstruments2022-03-3103533961ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103533961ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103533961ns5:ShareCapitalns10:Original2023-03-3103533961ns5:ShareCapitalns10:Original2022-03-3103533961ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103533961ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103533961ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3103533961ns10:Originalns5:PlantMachinery2022-04-012023-03-3103533961ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103533961ns10:Originalns5:MotorVehicles2022-04-012023-03-3103533961ns10:Original2021-04-012022-03-3103533961ns10:Originalns5:PlantMachinery2022-03-3103533961ns10:Originalns5:PlantMachinery2023-03-3103533961ns10:Originalns5:PlantMachinery2022-03-3103533961ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3103533961ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103533961ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3103533961ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103533961ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103533961ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103533961ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103533961ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-03-3103533961ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-03-3103533961ns10:Originalns5:HirePurchaseContracts2023-03-3103533961ns10:Originalns5:HirePurchaseContracts2022-03-31
REGISTERED NUMBER: 03533961 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

FLOCOMM LIMITED

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


FLOCOMM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S Lord
Ms S Lovelace





SECRETARY: Ms S Lovelace





REGISTERED OFFICE: Unit 24C Dawley Industrial Estate
Stallings Lane
Kingswinford
West Midlands
DY6 7AP





REGISTERED NUMBER: 03533961 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLOCOMM LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flocomm Limited for the year ended 31st March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Flocomm Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flocomm Limited and state those matters that we have agreed to state to the Board of Directors of Flocomm Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flocomm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flocomm Limited. You consider that Flocomm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flocomm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


18th November 2023

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 47,970 56,878

CURRENT ASSETS
Stocks 15,420 15,160
Debtors 5 282,780 89,018
Cash at bank and in hand 149,505 137,738
447,705 241,916
CREDITORS
Amounts falling due within one year 6 262,298 160,792
NET CURRENT ASSETS 185,407 81,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,377

138,002

CREDITORS
Amounts falling due after more than one year 7 (24,750 ) (36,810 )

PROVISIONS FOR LIABILITIES (7,393 ) (8,840 )
NET ASSETS 201,234 92,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,134 92,252
SHAREHOLDERS' FUNDS 201,234 92,352

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

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

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2023 and were signed on its behalf by:





S Lord - Director


FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Flocomm 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 represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 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.

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2022 133,063
Additions 3,447
At 31st March 2023 136,510
DEPRECIATION
At 1st April 2022 76,185
Charge for year 12,355
At 31st March 2023 88,540
NET BOOK VALUE
At 31st March 2023 47,970
At 31st March 2022 56,878

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1st April 2022 19,715
Transfer to ownership (19,715 )
At 31st March 2023 -
DEPRECIATION
At 1st April 2022 4,929
Transfer to ownership (4,929 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 14,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 230,158 64,676
Other debtors 52,622 24,342
282,780 89,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts (see note 8) - 2,667
Trade creditors 113,385 76,990
Taxation and social security 85,203 36,653
Other creditors 54,710 35,482
262,298 160,792

FLOCOMM LIMITED (REGISTERED NUMBER: 03533961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 24,750 33,477
Hire purchase contracts (see note 8) - 3,333
24,750 36,810

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year - 2,667
Between one and five years - 3,333
- 6,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged on the overdrawn loan account at the beneficial loan interest rate.