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Registered number: 02529852
Flex Technology Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02529852
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 529 1,801
529 1,801
CURRENT ASSETS
Cash at bank and in hand 25 39
25 39
Creditors: Amounts Falling Due Within One Year 5 (15,070 ) (10,498 )
NET CURRENT ASSETS (LIABILITIES) (15,045 ) (10,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,516 ) (8,658 )
Creditors: Amounts Falling Due After More Than One Year 6 (13,210 ) (15,587 )
NET LIABILITIES (27,726 ) (24,245 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (27,728 ) (24,247 )
SHAREHOLDERS' FUNDS (27,726) (24,245)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Ricketts
Director
15/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Flex Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02529852 . The registered office is 13 Fitzharrys Road, Abingdon, Oxfordshire, OX14 1EL.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 33% on cost
2.3. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 5,378
As at 30 April 2024 5,378
Depreciation
As at 1 May 2023 3,577
Provided during the period 1,272
As at 30 April 2024 4,849
Net Book Value
As at 30 April 2024 529
As at 1 May 2023 1,801
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,369 2,311
Other creditors 12,701 8,187
15,070 10,498
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Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,210 15,587
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 3,119 5,744
7. Deferred Taxation
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 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.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4