3 3 Flynergy Ltd 14074337 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Electrical installation. Digita Accounts Production Advanced 6.30.9574.0 true 14074337 2023-05-01 2024-04-30 14074337 2024-04-30 14074337 core:RetainedEarningsAccumulatedLosses 2024-04-30 14074337 core:ShareCapital 2024-04-30 14074337 core:CurrentFinancialInstruments 2024-04-30 14074337 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14074337 core:FurnitureFittingsToolsEquipment 2024-04-30 14074337 core:MotorVehicles 2024-04-30 14074337 core:OtherPropertyPlantEquipment 2024-04-30 14074337 bus:SmallEntities 2023-05-01 2024-04-30 14074337 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14074337 bus:FilletedAccounts 2023-05-01 2024-04-30 14074337 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14074337 bus:RegisteredOffice 2023-05-01 2024-04-30 14074337 bus:Director1 2023-05-01 2024-04-30 14074337 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14074337 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 14074337 core:MotorVehicles 2023-05-01 2024-04-30 14074337 core:OfficeEquipment 2023-05-01 2024-04-30 14074337 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 14074337 core:PlantMachinery 2023-05-01 2024-04-30 14074337 countries:EnglandWales 2023-05-01 2024-04-30 14074337 2023-04-30 14074337 core:FurnitureFittingsToolsEquipment 2023-04-30 14074337 core:MotorVehicles 2023-04-30 14074337 core:OtherPropertyPlantEquipment 2023-04-30 14074337 2022-04-27 2023-04-30 14074337 2023-04-30 14074337 core:RetainedEarningsAccumulatedLosses 2023-04-30 14074337 core:ShareCapital 2023-04-30 14074337 core:CurrentFinancialInstruments 2023-04-30 14074337 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 14074337 core:FurnitureFittingsToolsEquipment 2023-04-30 14074337 core:MotorVehicles 2023-04-30 14074337 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 14074337

Flynergy Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Flynergy Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Flynergy Ltd

Company Information

Director

D T Flynn

Registered office

Cuckoos Nest
The Steps
Dundry
Bristol
BS41 8JB

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Flynergy Ltd

(Registration number: 14074337)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,134

8,830

Current assets

 

Debtors

5

82,942

36,879

Cash at bank and in hand

 

13,596

2,291

 

96,538

39,170

Creditors: Amounts falling due within one year

6

(97,033)

(42,516)

Net current liabilities

 

(495)

(3,346)

Total assets less current liabilities

 

6,639

5,484

Provisions for liabilities

(86)

(123)

Net assets

 

6,553

5,361

Capital and reserves

 

Called up share capital

1

1

Retained earnings

6,552

5,360

Shareholders' funds

 

6,553

5,361

For the financial 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.

 

Flynergy Ltd

(Registration number: 14074337)
Balance Sheet as at 30 April 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

.........................................
D T Flynn
Director

 

Flynergy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Flynergy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer and office equipment

33% Straight line

Plant and machinery

25% Reducing balance

Motor Vehicles

25% Reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Flynergy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Computer and office equipment
£

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 May 2023

729

7,000

3,931

11,660

Additions

-

-

795

795

At 30 April 2024

729

7,000

4,726

12,455

Depreciation

At 1 May 2023

97

1,750

983

2,830

Charge for the year

243

1,313

935

2,491

At 30 April 2024

340

3,063

1,918

5,321

Carrying amount

At 30 April 2024

389

3,937

2,808

7,134

At 30 April 2023

632

5,250

2,948

8,830

 

Flynergy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

45,385

13,822

Prepayments

2,992

896

Other debtors

34,565

22,161

 

82,942

36,879

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

17,695

3,246

Taxation and social security

22,298

4,413

Accruals

1,880

2,000

Other creditors

55,160

32,857

97,033

42,516