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REGISTERED NUMBER: 05790819 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

FLUX METAL LIMITED

FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLUX METAL LIMITED

COMPANY INFORMATION
For The Year Ended 29 April 2024







DIRECTORS: J Garner
C Squire
J Garner





SECRETARY: C Squire





REGISTERED OFFICE: 6 Caroline Place
Plymouth
Devon
PL1 3PR





REGISTERED NUMBER: 05790819 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)

BALANCE SHEET
29 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,880 17,492
21,880 17,492

CURRENT ASSETS
Stocks 13,700 17,400
Debtors 6 34,151 48,851
Cash at bank 29,154 28,133
77,005 94,384
CREDITORS
Amounts falling due within one year 7 (58,116 ) (80,204 )
NET CURRENT ASSETS 18,889 14,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,769

31,672

CREDITORS
Amounts falling due after more than one
year

8

(4,983

)

(9,583

)
NET ASSETS 35,786 22,089

CAPITAL AND RESERVES
Called up share capital 801 801
Retained earnings 34,985 21,288
SHAREHOLDERS' FUNDS 35,786 22,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)

BALANCE SHEET - continued
29 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 26 January 2025 and were signed on its behalf by:





J Garner - Director


FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 April 2024

1. STATUTORY INFORMATION

Flux Metal 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 April 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2023
and 29 April 2024 37,500
AMORTISATION
At 30 April 2023
and 29 April 2024 37,500
NET BOOK VALUE
At 29 April 2024 -
At 29 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 April 2023 80,687
Additions 11,680
At 29 April 2024 92,367
DEPRECIATION
At 30 April 2023 63,195
Charge for year 7,292
At 29 April 2024 70,487
NET BOOK VALUE
At 29 April 2024 21,880
At 29 April 2023 17,492

FLUX METAL LIMITED (REGISTERED NUMBER: 05790819)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,732 26,530
Other debtors 19,419 22,321
34,151 48,851

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,448 6,173
Trade creditors 19,396 23,139
Taxation and social security 15,212 31,890
Other creditors 17,060 19,002
58,116 80,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,983 9,583