IRIS Accounts Production v24.3.0.553 07513361 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075133612023-02-28075133612024-02-29075133612023-03-012024-02-29075133612022-02-28075133612022-03-012023-02-28075133612023-02-2807513361ns15:EnglandWales2023-03-012024-02-2907513361ns14:PoundSterling2023-03-012024-02-2907513361ns10:Director12023-03-012024-02-2907513361ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907513361ns10:SmallEntities2023-03-012024-02-2907513361ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907513361ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907513361ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907513361ns10:FullAccounts2023-03-012024-02-2907513361ns10:Director22023-03-012024-02-2907513361ns10:RegisteredOffice2023-03-012024-02-2907513361ns5:CurrentFinancialInstruments2024-02-2907513361ns5:CurrentFinancialInstruments2023-02-2807513361ns5:Non-currentFinancialInstruments2024-02-2907513361ns5:Non-currentFinancialInstruments2023-02-2807513361ns5:ShareCapital2024-02-2907513361ns5:ShareCapital2023-02-2807513361ns5:RetainedEarningsAccumulatedLosses2024-02-2907513361ns5:RetainedEarningsAccumulatedLosses2023-02-2807513361ns5:ComputerEquipment2023-03-012024-02-2907513361ns5:PlantMachinery2023-02-2807513361ns5:PlantMachinery2023-03-012024-02-2907513361ns5:PlantMachinery2024-02-2907513361ns5:PlantMachinery2023-02-2807513361ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907513361ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 07513361 (England and Wales)















Financial Statements for the Year Ended 29th February 2024

for

Flexible Commercial Funding Limited

Flexible Commercial Funding Limited (Registered number: 07513361)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flexible Commercial Funding Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mr S Harrison





REGISTERED OFFICE: 1 The Meadows
Cromwell Road
Risca
Newport
NP11 7AR





REGISTERED NUMBER: 07513361 (England and Wales)

Flexible Commercial Funding Limited (Registered number: 07513361)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,159 2,510

CURRENT ASSETS
Debtors 5 2,229 33,641
Cash at bank and in hand 147,931 197,480
150,160 231,121
CREDITORS
Amounts falling due within one year 6 37,143 36,195
NET CURRENT ASSETS 113,017 194,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,176

197,436

CREDITORS
Amounts falling due after more than one
year

7

8,095

13,524
NET ASSETS 107,081 183,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 106,981 183,812
SHAREHOLDERS' FUNDS 107,081 183,912

Flexible Commercial Funding Limited (Registered number: 07513361)

Balance Sheet - continued
29th February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and Director's Report has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th November 2024 and were signed by:





Mr S L Harrison - Director


Flexible Commercial Funding Limited (Registered number: 07513361)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Flexible Commercial Funding 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Director's Report, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Flexible Commercial Funding Limited (Registered number: 07513361)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 4,166
Additions 369
At 29th February 2024 4,535
DEPRECIATION
At 1st March 2023 1,656
Charge for year 720
At 29th February 2024 2,376
NET BOOK VALUE
At 29th February 2024 2,159
At 28th February 2023 2,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,213 2,123
Other debtors 1,016 31,518
2,229 33,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,715 6,000
Trade creditors - 1,112
Taxation and social security - 3,480
Other creditors 31,428 25,603
37,143 36,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 8,095 13,524