Company Registration No. 13781535 (England and Wales)
OPEN FLOW LTD
Unaudited accounts
for the year ended 31 December 2023
OPEN FLOW LTD
Unaudited accounts
Contents
OPEN FLOW LTD
Company Information
for the year ended 31 December 2023
Company Number
13781535 (England and Wales)
Registered Office
4 East Ham Road,
Littlehampton,
BN17 7AN
England
Accountants
AY Accountants LLP
2nd floor, 6 Oxford street
Bolton
Greater Manchester
BL1 1RF
OPEN FLOW LTD
Statement of financial position
as at 31 December 2023
Tangible assets
13,939
7,705
Cash at bank and in hand
1,411
651
Creditors: amounts falling due within one year
(19,630)
(10,430)
Net current liabilities
(18,219)
(9,779)
Net liabilities
(4,280)
(2,074)
Called up share capital
1
1
Profit and loss account
(4,281)
(2,075)
Shareholders' funds
(4,280)
(2,074)
For the year ending 31 December 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
Vanni Perin
Director
Company Registration No. 13781535
OPEN FLOW LTD
Notes to the Accounts
for the year ended 31 December 2023
OPEN FLOW LTD is a private company, limited by shares, registered in England and Wales, registration number 13781535. The registered office is 4 East Ham Road,, Littlehampton,, BN17 7AN, 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:
Motor vehicles
20% Straight Line Method
Fixtures & fittings
25% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
10,273
10,273
At 31 December 2023
10,200
10,273
20,473
At 1 January 2023
-
2,568
2,568
Charge for the year
2,040
1,926
3,966
At 31 December 2023
2,040
4,494
6,534
At 31 December 2023
8,160
5,779
13,939
At 31 December 2022
-
7,705
7,705
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
10,430
10,430
Loans from directors
9,200
-
OPEN FLOW LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).