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REGISTERED NUMBER: 08985103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Flexispace Construction Ltd

Flexispace Construction Ltd (Registered number: 08985103)






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


Flexispace Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M L Smith
C C Smith





SECRETARY:





REGISTERED OFFICE: Derngate Mews
Derngate
Northampton
NN1 1UE





REGISTERED NUMBER: 08985103 (England and Wales)





ACCOUNTANTS: MJB Accountants Limited
Derngate Mews
Derngate
Northampton
NN1 1UE

Flexispace Construction Ltd (Registered number: 08985103)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,417 20,144

CURRENT ASSETS
Stocks - 170,385
Debtors 5 378,111 106,007
Cash at bank and in hand 81,606 300,077
459,717 576,469
CREDITORS
Amounts falling due within one year 6 309,817 384,656
NET CURRENT ASSETS 149,900 191,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,317

211,957

ACCRUALS AND DEFERRED INCOME 1,700 1,350
NET ASSETS 170,617 210,607

CAPITAL AND RESERVES
Called up share capital 300 225
Retained earnings 170,317 210,382
170,617 210,607

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.

Flexispace Construction Ltd (Registered number: 08985103)

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 29 November 2024 and were signed on its behalf by:




M L Smith - Director



C C Smith - Director


Flexispace Construction Ltd (Registered number: 08985103)

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

1. STATUTORY INFORMATION

Flexispace Construction Ltd 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2023 - NIL ) .

Flexispace Construction Ltd (Registered number: 08985103)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 47,349
Additions 7,880
At 31 March 2024 55,229
DEPRECIATION
At 1 April 2023 27,205
Charge for year 5,607
At 31 March 2024 32,812
NET BOOK VALUE
At 31 March 2024 22,417
At 31 March 2023 20,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 328,065 51,947
Other debtors 50,046 54,060
378,111 106,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 193,022 163,942
Taxation and social security 80,490 184,291
Other creditors 36,305 36,423
309,817 384,656