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Registered Number: 03358142
England and Wales

 

 

 

FLEXION OPTICAL FIBRE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Director Sangyai Jonathan Pitayanukul
Registered Number 03358142
Registered Office 18 Ensign Street
London
E1 8PA
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors: amounts falling due within one year 3   81 
Cash at bank and in hand 6,740    21,788 
6,740    21,869 
Creditors: amount falling due within one year 4 (3,428)   (14,498)
Net current assets 3,312    7,371 
 
Total assets less current liabilities 3,312    7,371 
Net assets 3,312    7,371 
 

Capital and reserves
     
Called up share capital 5 700,000    700,000 
Share premium account 6 58,440    58,440 
Profit and loss account (755,128)   (751,069)
Shareholder's funds 3,312    7,371 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 February 2024 and were signed by:


-------------------------------
Sangyai Jonathan Pitayanukul
Director
2
General Information
Flexion Optical Fibre Limited is a private company, limited by shares, registered in England and Wales, registration number 03358142, registration address 18 Ensign Street, London, E1 8PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard). 
Break up basis
The company ceased trading on 5th November 2021 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date. 
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible assets
Tangible assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investments
Investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 3).
3.

Tangible assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 July 2022 116,447    85,880    35,310    19,999    257,636 
Additions        
Disposals (116,447)   (85,880)   (35,310)   (19,999)   (257,636)
At 30 June 2023        
Depreciation
At 01 July 2022 117,737    85,880    34,780    19,999    258,396 
Charge for year        
On disposals (117,737)   (85,880)   (34,780)   (19,999)   (258,396)
At 30 June 2023        
Net book values
Closing balance as at 30 June 2023        
Opening balance as at 01 July 2022        


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors  
Prepayments & Accrued Income   81 
  81 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors (552)   (569)
Accrued Expenses 3,980    15,067 
3,428    14,498 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
60,000,000 Ordinary shares of £0.01 each 600,000    600,000 
240,000,000 Ordinary B shares of £0.000417 each 100,000    100,000 
700,000    700,000 

7.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 58,440    58,440 
58,440    58,440 

8.

Financial commitments

Total future minimum lease payments under non-cancellable operating leases   2022
£
  2021
£
Not later than one year 10,884 
Later than one year and not more than five years
Later than five years
10,884 

Lease payments recognised as an expenses in 2023 is £387 (2022: £11,470)
3