Company Registration No. 11608883 (England and Wales)
FLASH TACKLE LTD
Unaudited accounts
for the year ended 31 October 2023
FLASH TACKLE LTD
Unaudited accounts
Contents
FLASH TACKLE LTD
Company Information
for the year ended 31 October 2023
Company Number
11608883 (England and Wales)
Registered Office
4 SEABURN VIEW
NEW HARTLEY
WHITLEY BAY
NE25 0SB
ENGLAND
FLASH TACKLE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
41,499
42,332
Inventories
140,903
128,096
Cash at bank and in hand
97,030
37,521
Creditors: amounts falling due within one year
(86,658)
(107,657)
Net current assets
215,132
205,594
Total assets less current liabilities
256,631
247,926
Creditors: amounts falling due after more than one year
(17,657)
(27,409)
Provisions for liabilities
Deferred tax
(7,885)
(8,043)
Net assets
231,089
212,474
Called up share capital
1
1
Profit and loss account
231,088
212,473
Shareholders' funds
231,089
212,474
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Carl Pringle
Director
Company Registration No. 11608883
FLASH TACKLE LTD
Notes to the Accounts
for the year ended 31 October 2023
FLASH TACKLE LTD is a private company, limited by shares, registered in England and Wales, registration number 11608883. The registered office is 4 SEABURN VIEW, NEW HARTLEY, WHITLEY BAY, NE25 0SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
19,023
48,670
208
67,901
Additions
13,000
-
-
13,000
At 31 October 2023
32,023
48,670
208
80,901
At 1 November 2022
7,848
17,601
120
25,569
Charge for the year
6,044
7,767
22
13,833
At 31 October 2023
13,892
25,368
142
39,402
At 31 October 2023
18,131
23,302
66
41,499
At 31 October 2022
11,175
31,069
88
42,332
FLASH TACKLE LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
3,393
32,108
Other debtors
60,464
115,526
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,170
9,719
Trade creditors
21,011
10,290
Taxes and social security
2,999
13,395
Loans from directors
27,034
32,951
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).