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REGISTERED NUMBER: 08988680 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FLEXWORD LIMITED

FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)






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


FLEXWORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms G Mis-Cak





REGISTERED OFFICE: Unit 5
White Oak Square
London Road
Swanley
Kent
BR8 7AG





REGISTERED NUMBER: 08988680 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,693 3,739

CURRENT ASSETS
Debtors 5 207,686 39,200
Cash at bank 42,559 43,789
250,245 82,989
CREDITORS
Amounts falling due within one year 6 43,417 6,952
NET CURRENT ASSETS 206,828 76,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,521

79,776

CREDITORS
Amounts falling due after more than one
year

7

(204,294

)

(70,000

)

PROVISIONS FOR LIABILITIES (424 ) (935 )
NET ASSETS 3,803 8,841

CAPITAL AND RESERVES
Called up share capital 8 825 825
Other reserves 9 2,978 2,978
Retained earnings 9 - 5,038
SHAREHOLDERS' FUNDS 3,803 8,841

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 director acknowledges his 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.

FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)

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 director and authorised for issue on 6 September 2024 and were signed by:





Ms G Mis-Cak - Director


FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)

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

1. STATUTORY INFORMATION

Flexword 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.

These financial statements for the year ended 31 December 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2017.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.

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 estimated useful life.
Computer equipment - 33% per annum on cost

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.

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.

FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)

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

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 130 499 8,527 9,156
DEPRECIATION
At 1 January 2023 58 194 5,165 5,417
Charge for year 43 167 1,836 2,046
At 31 December 2023 101 361 7,001 7,463
NET BOOK VALUE
At 31 December 2023 29 138 1,526 1,693
At 31 December 2022 72 305 3,362 3,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,677 38,700
Other debtors 85,009 500
207,686 39,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 540 907
Taxation and social security 18,740 4,522
Other creditors 24,137 1,523
43,417 6,952

FLEXWORD LIMITED (REGISTERED NUMBER: 08988680)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 204,294 70,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary EURO Currency 1 825 825

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2023 5,038 2,978 8,016
Profit for the year 17,195 17,195
Dividends (22,233 ) (22,233 )
At 31 December 2023 - 2,978 2,978

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the company owed Ms G Mis-Cak £113 (2022: £113)

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Flexword Holding GmbH, a company incorporated in Germany.