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REGISTERED NUMBER: 09024201 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FLEXGC LIMITED

FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEXGC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: T J H Slotover





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 09024201 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 53,857 71,810
Investments 5 107,621 108,886
161,478 180,696

CURRENT ASSETS
Debtors 6 16,200 19,514
Cash at bank 269,377 342,639
285,577 362,153
CREDITORS
Amounts falling due within one year 7 (45,627 ) (102,318 )
NET CURRENT ASSETS 239,950 259,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,428

440,531

PROVISIONS FOR LIABILITIES (15,811 ) (17,183 )
NET ASSETS 385,617 423,348

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 385,517 423,248
SHAREHOLDERS' FUNDS 385,617 423,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 January 2024 and were signed by:





T J H Slotover - Director


FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

FlexGC 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 as modified by the revaluation of certain assets.

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 various rates in order to write off each asset over its estimated useful life.

Fixtures and fittings: 50% on cost
Computer equipment: 50% on cost
Motor vehicles: 25% reducing balance

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.

Fixed asset investments
Fixed asset investments are shown at fair value at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 761 71,810 1,797 74,368
DEPRECIATION
At 1 June 2022 761 - 1,797 2,558
Charge for year - 17,953 - 17,953
At 31 May 2023 761 17,953 1,797 20,511
NET BOOK VALUE
At 31 May 2023 - 53,857 - 53,857
At 31 May 2022 - 71,810 - 71,810

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 June 2022 108,886
Additions 43,396
Disposals (34,972 )
Revaluations (9,689 )
At 31 May 2023 107,621
NET BOOK VALUE
At 31 May 2023 107,621
At 31 May 2022 108,886

Cost or valuation at 31 May 2023 is represented by:

Listed
investments
£   
Valuation in 2021 20,205
Valuation in 2022 (1,129 )
Valuation in 2023 (9,689 )
Cost 98,234
107,621

FLEXGC LIMITED (REGISTERED NUMBER: 09024201)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 15,788 19,102
Other debtors 412 412
16,200 19,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 43,527 32,260
Other creditors 2,100 70,058
45,627 102,318

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100