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REGISTERED NUMBER: 01886312 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FLEXTEX LIMITED

FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEXTEX LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: A L Tucker
R R Tarn





REGISTERED OFFICE: Unit 1 Kirkham Trading Park
Freckleton Road
Kirkham
Preston
Lancashire
PR4 3RB





REGISTERED NUMBER: 01886312 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,726 236,527

CURRENT ASSETS
Stocks 120,866 193,344
Debtors 5 3,998,742 3,810,036
Cash at bank and in hand 477,008 643,399
4,596,616 4,646,779
CREDITORS
Amounts falling due within one year 6 2,528,518 2,650,456
NET CURRENT ASSETS 2,068,098 1,996,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,268,824

2,232,850

CREDITORS
Amounts falling due after more than one
year

7

(96,115

)

(188,226

)

PROVISIONS FOR LIABILITIES (47,058 ) (55,322 )
NET ASSETS 2,125,651 1,989,302

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 720 720
Retained earnings 2,123,931 1,987,582
SHAREHOLDERS' FUNDS 2,125,651 1,989,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

BALANCE SHEET - continued
30 April 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 22 January 2025 and were signed on its behalf by:





A L Tucker - Director


FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Flextex 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods and services have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 33% on cost and 5% on cost
Plant and machinery - 33% on cost and 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stocks to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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 18 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 44,472 1,853,732 7,912 160,648 2,066,764
Additions - 61,028 1,667 30,391 93,086
At 30 April 2024 44,472 1,914,760 9,579 191,039 2,159,850
DEPRECIATION
At 1 May 2023 44,472 1,652,104 7,912 125,749 1,830,237
Charge for year - 94,368 167 34,352 128,887
At 30 April 2024 44,472 1,746,472 8,079 160,101 1,959,124
NET BOOK VALUE
At 30 April 2024 - 168,288 1,500 30,938 200,726
At 30 April 2023 - 201,628 - 34,899 236,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,276,494 1,312,114
Amounts owed by group undertakings 2,650,894 2,432,644
Other debtors 20,648 16,753
Directors' current accounts 11,000 12,000
Prepayments and accrued income 39,706 36,525
3,998,742 3,810,036

FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,893 94,838
Hire purchase contracts 65,753 57,445
Trade creditors 1,191,901 1,252,266
Corporation tax 97,119 78,440
Social security and other taxes 87,508 86,520
Other creditors 875,011 985,269
Directors' current accounts 1,000 -
Accruals and deferred income 146,333 95,678
2,528,518 2,650,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 63,893
Hire purchase contracts 96,115 124,333
96,115 188,226

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 63,893 158,731
Hire purchase contracts 161,868 181,778
225,761 340,509

The bank loans are secured by fixed and floating charges over all the property or undertakings of the company.

The hire purchase obligations are secure upon the assets to which the finance relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

FLEXTEX LIMITED (REGISTERED NUMBER: 01886312)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A L Tucker
Balance outstanding at start of year 12,000 12,000
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,000 12,000

11. ULTIMATE CONTROLLING PARTY

The parent company is Flextex (Holdings) Limited, a company incorporated in England and Wales.

The ultimate parent company is Anick Holdings, a company incorporated in England and Wales.