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REGISTERED NUMBER: 04584341 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Fenflow Limited

Fenflow Limited (Registered number: 04584341)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fenflow Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G L Oliver
Mrs S J Oliver





REGISTERED OFFICE: Kellett Gate
Spalding
Lincolnshire
PE12 6EH





REGISTERED NUMBER: 04584341 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Fenflow Limited (Registered number: 04584341)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 120,758 155,753
120,758 155,753

CURRENT ASSETS
Stocks 124,424 131,955
Debtors 6 324,939 255,147
Cash at bank and in hand 68,633 89,723
517,996 476,825
CREDITORS
Amounts falling due within one year 7 206,106 171,106
NET CURRENT ASSETS 311,890 305,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,648

461,472

CREDITORS
Amounts falling due after more than one
year

8

(15,616

)

(35,526

)

PROVISIONS FOR LIABILITIES (26,337 ) (31,549 )
NET ASSETS 390,695 394,397

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 390,595 394,297
SHAREHOLDERS' FUNDS 390,695 394,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 September 2024 and were signed on its behalf by:



G L Oliver - Director


Fenflow Limited (Registered number: 04584341)

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

1. STATUTORY INFORMATION

Fenflow 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 33.33% Straight line and 25% on reducing balance
Motor vehicles - 33.33% Straight line, 25% on cost and 25% on reducing balance

Stocks
The cost of work in progress comprises direct materials and, where applicable, direct labour costs. At each reporting date, work in progress is assessed for recoverability and provision made if applicable.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Fenflow Limited (Registered number: 04584341)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Factoring facility
The company uses a factoring facility with recourse for non-payment by customers. As the company has substantially retained the risks and rewards of ownership of the debts, they are recognised as an asset until the monies are collected or written off as bad debts. The secured liability due to the factoring company is shown within other creditors.

Provisions
The company offers warranties on its parts and workmanship. A warranty provision is made to cover the estimated anticipated costs of claim's from customers.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 80,000
AMORTISATION
At 1 May 2023
and 30 April 2024 80,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Fenflow Limited (Registered number: 04584341)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 224,795 205,934 8,599 197,131 636,459
Additions - 5,304 953 - 6,257
Transfer to ownership - - - (28,243 ) (28,243 )
At 30 April 2024 224,795 211,238 9,552 168,888 614,473
DEPRECIATION
At 1 May 2023 197,613 134,787 6,474 141,832 480,706
Charge for year 11,770 14,324 1,332 13,826 41,252
Transfer to ownership - - - (28,243 ) (28,243 )
At 30 April 2024 209,383 149,111 7,806 127,415 493,715
NET BOOK VALUE
At 30 April 2024 15,412 62,127 1,746 41,473 120,758
At 30 April 2023 27,182 71,147 2,125 55,299 155,753

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 98,600
Transfer to ownership (28,243 )
At 30 April 2024 70,357
DEPRECIATION
At 1 May 2023 64,300
Charge for year 8,576
Transfer to ownership (28,243 )
At 30 April 2024 44,633
NET BOOK VALUE
At 30 April 2024 25,724
At 30 April 2023 34,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,041 243,907
Other debtors 17,898 11,240
324,939 255,147

Fenflow Limited (Registered number: 04584341)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,159 9,558
Hire purchase contracts 12,003 13,176
Trade creditors 61,390 85,027
Taxation and social security 55,222 26,531
Other creditors 32,332 36,814
206,106 171,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 7,257
Hire purchase contracts 15,616 28,269
15,616 35,526

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100