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REGISTERED NUMBER: 04345429 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BATCHFLOW ENGINEERING LIMITED

BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATCHFLOW ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: D C Packwood
Mrs J S Packwood
S J D Packwood





SECRETARY: D C Packwood





REGISTERED OFFICE: Unit 2 Budbrooke Road
Budbrooke Industrial Estate
Warwick
Warwickshire
CV34 5XH





REGISTERED NUMBER: 04345429 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 341,901 231,236

CURRENT ASSETS
Stocks 135,887 91,466
Debtors 5 353,924 416,085
Cash at bank 143,961 179,502
633,772 687,053
CREDITORS
Amounts falling due within one year 6 298,448 368,568
NET CURRENT ASSETS 335,324 318,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,225

549,721

CREDITORS
Amounts falling due after more than one year 7 (181,425 ) (99,166 )

PROVISIONS FOR LIABILITIES (62,560 ) (43,935 )
NET ASSETS 433,240 406,620

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 433,239 406,619
SHAREHOLDERS' FUNDS 433,240 406,620

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

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

BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





S J D Packwood - Director


BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Batchflow Engineering 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 useful life or, if held under a finance lease, over the lease term, whichever is shorter.
Plant and machinery - at varying rates on cost
Website - useful life of 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value. Work in progress and finished goods at valued at the cost of materials, labour and oncost

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 assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and Website
machinery development Totals
£    £    £   
COST
At 1 January 2023 506,752 1,965 508,717
Additions 194,520 - 194,520
At 31 December 2023 701,272 1,965 703,237
DEPRECIATION
At 1 January 2023 275,516 1,965 277,481
Charge for year 83,855 - 83,855
At 31 December 2023 359,371 1,965 361,336
NET BOOK VALUE
At 31 December 2023 341,901 - 341,901
At 31 December 2022 231,236 - 231,236

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 268,050
Additions 194,000
Transfer to ownership (68,750 )
At 31 December 2023 393,300
DEPRECIATION
At 1 January 2023 60,653
Charge for year 67,596
Transfer to ownership (27,499 )
At 31 December 2023 100,750
NET BOOK VALUE
At 31 December 2023 292,550
At 31 December 2022 207,397

BATCHFLOW ENGINEERING LIMITED (REGISTERED NUMBER: 04345429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 343,288 406,695
Other debtors 10,636 9,390
353,924 416,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 68,156 35,121
Trade creditors 120,412 190,382
Amounts owed to group undertakings 26,469 43,582
Taxation and social security 36,367 50,255
Other creditors 47,044 49,228
298,448 368,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 181,425 99,166

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account became overdrawn, the maximum amount and the year end balance was £374. This has subsequently cleared.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by Section 1A of FRS102 and has not disclosed transactions with group undertakings.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Packwood, S J D Packwood and Mrs J S Packwood (Directors).