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REGISTERED NUMBER: 14600858 (England and Wales)











Unaudited Financial Statements

for the Period 18 January 2023 to 31 March 2024

for

Flett Professional Services Limited

Flett Professional Services Limited (Registered number: 14600858)






Contents of the Financial Statements
for the Period 18 January 2023 to 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flett Professional Services Limited

Company Information
for the Period 18 January 2023 to 31 March 2024







DIRECTORS: Dr A E Flett
Mrs E J Flett





REGISTERED OFFICE: Finn Court, Private Road
Martlesham
Woodbridge
Suffolk
IP12 4SG





REGISTERED NUMBER: 14600858 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Flett Professional Services Limited (Registered number: 14600858)

Statement of Financial Position
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 25,474

CURRENT ASSETS
Debtors 5 5,393
Cash at bank 20,476
25,869
CREDITORS
Amounts falling due within one year 6 24,211
NET CURRENT ASSETS 1,658
TOTAL ASSETS LESS CURRENT LIABILITIES 27,132

PROVISIONS FOR LIABILITIES 7 6,369
NET ASSETS 20,763

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 20,663
SHAREHOLDERS' FUNDS 20,763

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Flett Professional Services Limited (Registered number: 14600858)

Statement of Financial Position - 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 1 October 2024 and were signed on its behalf by:





Dr A E Flett - Director


Flett Professional Services Limited (Registered number: 14600858)

Notes to the Financial Statements
for the Period 18 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Flett Professional Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 from services provided by the company is measured at the fair value of the consideration received or receivable. When the outcome of a transaction can be estimated reliably, turnover from medical services is recognised by reference to the stage of completion as at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

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

Taxation
Taxation for the period 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 statement of financial position date.


Flett Professional Services Limited (Registered number: 14600858)

Notes to the Financial Statements - continued
for the Period 18 January 2023 to 31 March 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 statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& equipment vehicles Totals
£    £    £   
COST
Additions 1,776 32,190 33,966
At 31 March 2024 1,776 32,190 33,966
DEPRECIATION
Charge for period 444 8,048 8,492
At 31 March 2024 444 8,048 8,492
NET BOOK VALUE
At 31 March 2024 1,332 24,142 25,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,951
Other debtors 2,442
5,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 10,716
Other creditors 13,495
24,211

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 6,369

Flett Professional Services Limited (Registered number: 14600858)

Notes to the Financial Statements - continued
for the Period 18 January 2023 to 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during period 6,369
Balance at 31 March 2024 6,369

8. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.