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REGISTERED NUMBER: 07135034 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Flavko Limited

Flavko Limited (Registered number: 07135034)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flavko Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R J Flavell
M A Flavell





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





REGISTERED NUMBER: 07135034 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Flavko Limited (Registered number: 07135034)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646,465 702,018

CURRENT ASSETS
Stocks 28,500 27,700
Debtors 5 656,213 675,973
Cash at bank and in hand 30,815 63,367
715,528 767,040
CREDITORS
Amounts falling due within one year 6 680,446 725,938
NET CURRENT ASSETS 35,082 41,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,547

743,120

CREDITORS
Amounts falling due after more than one year 7 (242,445 ) (299,073 )

PROVISIONS FOR LIABILITIES (122,828 ) (133,384 )
NET ASSETS 316,274 310,663

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 13,645 13,645
Retained earnings 10 302,627 297,016
SHAREHOLDERS' FUNDS 316,274 310,663

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

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

Flavko Limited (Registered number: 07135034)

Balance Sheet - continued
31 January 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 6 November 2024 and were signed on its behalf by:




R J Flavell - Director



M A Flavell - Director


Flavko Limited (Registered number: 07135034)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Flavko 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 50% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Flavko Limited (Registered number: 07135034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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 12 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 65,233 14,204 1,087,422 1,867 1,168,726
Additions 28,529 - 123,720 - 152,249
Disposals - - (181,950 ) (501 ) (182,451 )
At 31 January 2024 93,762 14,204 1,029,192 1,366 1,138,524
DEPRECIATION
At 1 February 2023 56,361 9,666 399,387 1,294 466,708
Charge for year 7,480 2,269 108,363 224 118,336
Eliminated on disposal - - (92,609 ) (376 ) (92,985 )
At 31 January 2024 63,841 11,935 415,141 1,142 492,059
NET BOOK VALUE
At 31 January 2024 29,921 2,269 614,051 224 646,465
At 31 January 2023 8,872 4,538 688,035 573 702,018

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2016 - - 13,645 - 13,645
Cost 93,762 14,204 1,015,547 1,366 1,124,879
93,762 14,204 1,029,192 1,366 1,138,524

Flavko Limited (Registered number: 07135034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 243,406 238,612
Amounts owed by associates 412,807 437,361
656,213 675,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 36,200 25,822
Other loans 12,000 36,142
Hire purchase contracts 166,757 223,723
Trade creditors 99,895 106,215
Tax 8,641 -
Social security and other taxes 6,242 31,843
VAT 170,782 101,803
Other creditors 87,465 133,041
Directors' current accounts 90,154 65,159
Accrued expenses 2,310 2,190
680,446 725,938

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 242,445 299,073

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 36,200 25,822
Hire purchase contracts 409,202 522,796
445,402 548,618

Hire purchase liabilities are secured over the assets to which they relate.

The liability to the factoring company is secured over the company's trade debtors.

Flavko Limited (Registered number: 07135034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 297,016 13,645 310,661
Profit for the year 71,611 71,611
Dividends (66,000 ) (66,000 )
At 31 January 2024 302,627 13,645 316,272

11. RELATED PARTY DISCLOSURES

The company paid the following dividends to its directors in the year under review:

Mr R J Flavell £33,000
Mr M A Flavell £33,000

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each hold 50% of the company's issued share capital.