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REGISTERED NUMBER: 09630221 (England and Wales)















FREE FLOW CONCRETE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






FREE FLOW CONCRETE LIMITED (REGISTERED NUMBER: 09630221)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FREE FLOW CONCRETE LIMITED

COMPANY INFORMATION
For The Year Ended 28 FEBRUARY 2023







DIRECTORS: S G Lang
Ms N Masters





REGISTERED OFFICE: Monkwood Farm Cottage
Droitwich Road
Hanbury
Redditch
Worcestershire
B96 6RA





REGISTERED NUMBER: 09630221 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

FREE FLOW CONCRETE LIMITED (REGISTERED NUMBER: 09630221)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,103,449 1,303,249

CURRENT ASSETS
Debtors 5 117,913 144,827
Cash at bank 60,375 45,229
178,288 190,056
CREDITORS
Amounts falling due within one year 6 849,414 901,731
NET CURRENT LIABILITIES (671,126 ) (711,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,323

591,574

CREDITORS
Amounts falling due after more than one year 7 (94,396 ) (177,728 )

PROVISIONS FOR LIABILITIES (88,088 ) (102,511 )
NET ASSETS 249,839 311,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 249,739 311,235
249,839 311,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 29 November 2023 and were signed on its behalf by:





S G Lang - Director


FREE FLOW CONCRETE LIMITED (REGISTERED NUMBER: 09630221)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Free Flow Concrete 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on cost

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 2 ) .

FREE FLOW CONCRETE LIMITED (REGISTERED NUMBER: 09630221)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 2,509,983
Additions 149,172
At 28 February 2023 2,659,155
DEPRECIATION
At 1 March 2022 1,206,734
Charge for year 348,972
At 28 February 2023 1,555,706
NET BOOK VALUE
At 28 February 2023 1,103,449
At 28 February 2022 1,303,249

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

Plant and
machinery
etc
£   
COST
At 1 March 2022 574,600
Transfer to ownership (44,000 )
At 28 February 2023 530,600
DEPRECIATION
At 1 March 2022 223,639
Charge for year 84,332
Transfer to ownership (26,960 )
At 28 February 2023 281,011
NET BOOK VALUE
At 28 February 2023 249,589
At 28 February 2022 350,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 117,913 134,827
Other debtors - 10,000
117,913 144,827

FREE FLOW CONCRETE LIMITED (REGISTERED NUMBER: 09630221)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,007 9,597
Hire purchase contracts 72,933 90,016
Trade creditors 248,542 232,042
Taxation and social security 37,303 24,195
Other creditors 480,629 545,881
849,414 901,731

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,500 32,899
Hire purchase contracts 71,896 144,829
94,396 177,728

8. ULTIMATE CONTROLLING PARTY

The controlling party is S G Lang.