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REGISTERED NUMBER: 06640303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FLEXEL (EUROPE) LIMITED

FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEXEL (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Bridge
J A Bridge
M D Proctor





SECRETARY: S M Bridge





REGISTERED OFFICE: Central House
Top Station Road
Brackley
Northamptonshire
NN13 7UG





REGISTERED NUMBER: 06640303 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 9,575 13,579
Cash at bank 35,241 50,130
44,816 63,709
CREDITORS
Amounts falling due within one year 5 14,315 19,638
NET CURRENT ASSETS 30,501 44,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,501

44,071

CAPITAL AND RESERVES
Called up share capital 6 14,705 14,705
Retained earnings 7 15,796 29,366
SHAREHOLDERS' FUNDS 30,501 44,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)

BALANCE SHEET - continued
31 MARCH 2024


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 30 September 2024 and were signed on its behalf by:




J A Bridge - Director



M D Proctor - Director


FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Flexel (Europe) 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,575 13,579

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,661 5,441
Taxation and social security 8,654 11,197
Other creditors 3,000 3,000
14,315 19,638

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,500 Ordinary A £1 7,500 7,500
5,735 Ordinary B £1 5,735 5,735
1,470 Ordinary C £1 1,470 1,470
14,705 14,705

7. RESERVES
Retained
earnings
£   

At 1 April 2023 29,366
Profit for the year 31,430
Dividends (45,000 )
At 31 March 2024 15,796

FLEXEL (EUROPE) LIMITED (REGISTERED NUMBER: 06640303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. RELATED PARTY DISCLOSURES

During the year, the company traded with Flexel (UK) Limited, its ultimate parent company.

During the year, total costs incurred by Flexel (UK) Limited and subsequently recharged to Flexel (Europe) Limited amounted to £3,000 (2023: £3,000).

As at 31 March 2024 an amount of £2,607 (2023: £5,348) was owed to Flexel (UK) Limited. This amount represents £2,607 included within trade creditors.

In the opinion of the directors, R J Bridge and Mrs S M Bridge are the ultimate controlling parties by virtue of their shareholdings in the ultimate parent company.