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REGISTERED NUMBER: 06132966 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FLOWBAN LIMITED

FLOWBAN LIMITED (REGISTERED NUMBER: 06132966)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLOWBAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J L Seccombe
Mr M C Stoddart
Mr J W Barnham





SECRETARY: Mr J L Seccombe





REGISTERED OFFICE: Unit 19
Enterprise Way
Cheltenham Trade Park
CHELTENHAM
Gloucestershire
GL51 8LZ





REGISTERED NUMBER: 06132966 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

FLOWBAN LIMITED (REGISTERED NUMBER: 06132966)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 61,028 45,617
Cash at bank - 1,264
61,028 46,881
CREDITORS
Amounts falling due within one year 5 17,768 4,644
NET CURRENT ASSETS 43,260 42,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,260

42,237

CAPITAL AND RESERVES
Called up share capital 6 40,000 40,000
Retained earnings 3,260 2,237
SHAREHOLDERS' FUNDS 43,260 42,237

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.

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 24 April 2024 and were signed on its behalf by:





Mr J L Seccombe - Director


FLOWBAN LIMITED (REGISTERED NUMBER: 06132966)

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

1. STATUTORY INFORMATION

Flowban 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 57,310 40,442
VAT - 5,175
Prepayments 3,718 -
61,028 45,617

FLOWBAN LIMITED (REGISTERED NUMBER: 06132966)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 14,417 -
Tax 276 3,494
VAT 1,810 -
Accrued expenses 1,265 1,150
17,768 4,644

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
40,000 Ordinary £1 40,000 40,000

7. RELATED PARTY DISCLOSURES

Flowban Ltd is 40% owned by Lifescience Products Ltd. Lifescience Products Ltd owns 100% of Aqua-Rex LLC. During the year Flowban Ltd made sales to Aqua-Rex LLC of £63,326 (2022 : £103,047). At the balance sheet date Flowban Ltd was owed by Aqua-Rex LLC £54,723 (2022 : £40,442). Lifescience hold funds of £2,587 at the year end for Flowban Ltd.(2022 : £nil)

Flowban Ltd is 60% owned by About Time Design Ltd. During the year Flowban purchased from About Time Design Ltd products to the value of £38,516 (2022 : £57,085) and Flowban made recharges to About Time Design Ltd of £4,470 (2022 : £4,651). There was a balance due to About Time Design Ltd of £14,417 at the year end (2022 : £nil).

Mr J Seccombe is a director of both Lifescience Products Ltd and About Time Design Ltd. He is also joint sole shareholder of Lifescience Products Ltd and President of Aqua-Rex LLC.