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REGISTERED NUMBER: 06518022 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Flame Hold Limited

Flame Hold Limited (Registered number: 06518022)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flame Hold Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P A Asquith
Mrs M E Asquith
Mrs D M Asquith





SECRETARY: Mrs M E Asquith





REGISTERED OFFICE: Priory Field
Kettleby
Brigg
DN20 9HN





REGISTERED NUMBER: 06518022 (England and Wales)





ACCOUNTANTS: Specialist Financial Solutions Limited
3 Coltman Close
Brough
HU15 1GS

Flame Hold Limited (Registered number: 06518022)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,908 20,215
Tangible assets 5 285,157 346,545
299,065 366,760

CURRENT ASSETS
Stocks 128,982 350,125
Debtors 6 230,210 216,040
Cash in hand 7 7
359,199 566,172
CREDITORS
Amounts falling due within one year 7 346,438 461,154
NET CURRENT ASSETS 12,761 105,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,826

471,778

CREDITORS
Amounts falling due after more than
one year

8

(41,095

)

(114,182

)

PROVISIONS FOR LIABILITIES (35,294 ) (35,294 )
NET ASSETS 235,437 322,302

Flame Hold Limited (Registered number: 06518022)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 235,435 322,300
235,437 322,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 3 September 2024 and were signed on its behalf by:





P A Asquith - Director


Flame Hold Limited (Registered number: 06518022)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Flame Hold 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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.


Flame Hold Limited (Registered number: 06518022)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 31,536
AMORTISATION
At 1 July 2023 11,321
Charge for year 6,307
At 30 June 2024 17,628
NET BOOK VALUE
At 30 June 2024 13,908
At 30 June 2023 20,215

Flame Hold Limited (Registered number: 06518022)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 175,627 272,632 448,259
Additions - 65,371 65,371
Disposals - (103,313 ) (103,313 )
At 30 June 2024 175,627 234,690 410,317
DEPRECIATION
At 1 July 2023 17,092 84,622 101,714
Charge for year 8,781 29,439 38,220
Eliminated on disposal - (14,774 ) (14,774 )
At 30 June 2024 25,873 99,287 125,160
NET BOOK VALUE
At 30 June 2024 149,754 135,403 285,157
At 30 June 2023 158,535 188,010 346,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 210,020 213,850
Other debtors 20,190 2,190
230,210 216,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 233,413 133,256
Hire purchase contracts 19,168 28,475
Trade creditors 73,443 93,049
Taxation and social security 13,974 192,793
Other creditors 6,440 13,581
346,438 461,154

Flame Hold Limited (Registered number: 06518022)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,519 62,620
Hire purchase contracts 38,576 51,562
41,095 114,182