Registered number
14556305
Flashtech Accessories Ltd
Filleted Accounts
31 December 2023
Flashtech Accessories Ltd
Registered number: 14556305
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 2,314
Current assets
Stocks 978
Cash at bank and in hand 4,010
4,988
Creditors: amounts falling due within one year 4 (7,298)
Net current liabilities (2,310)
Net assets 4
Capital and reserves
Profit and loss account 4
Shareholders' funds 4
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. A Akhtar
Director
Approved by the board on 20 September 2024
Flashtech Accessories Ltd
Notes to the Accounts
for the period from 23 December 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Equipment
£
Cost
Additions 2,893
At 31 December 2023 2,893
Depreciation
Charge for the period 579
At 31 December 2023 579
Net book value
At 31 December 2023 2,314
4 Creditors: amounts falling due within one year 2023
£
Other creditors 7,298
5 Other information
Flashtech Accessories Ltd is a private company limited by shares and incorporated in England. Its registered office is:
122 Hillary Road
High Wycombe
Buckinghamshire
HP13 7RW
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