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FLEXPOINT TECH LTD

Registered Number
10362469
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

FLEXPOINT TECH LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

FERNÁNDEZ SILVA, José Pablo

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

10362469 (England and Wales)
FLEXPOINT TECH LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-8,510
-8,510
Current assets
Debtors1,1043,411
Cash at bank and on hand-73,774
1,10477,185
Creditors amounts falling due within one year(1,104)(29,572)
Net current assets (liabilities)-47,613
Total assets less current liabilities-56,123
Net assets-56,123
Capital and reserves
Called up share capital-116
Profit and loss account-56,007
Shareholders' funds-56,123
The financial statements were approved and authorised for issue by the Director on 30 December 2024, and are signed on its behalf by:
FERNÁNDEZ SILVA, José Pablo
Director
Registered Company No. 10362469
FLEXPOINT TECH LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The company ceased trading on 30 September 2024.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2328,929
Additions(28,929)
Depreciation and impairment
At 01 October 2320,420
On disposals(20,420)
Net book value
At 30 September 24-
At 30 September 238,510