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REGISTERED NUMBER: 07282556 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Flexachem U.K. Limited

Flexachem U.K. Limited (Registered number: 07282556)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flexachem U.K. Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: M O'Connell
D Banner
Mrs N O'Connell
Mrs A Banner
T Allwood





REGISTERED OFFICE: Burnside
2 Marshs Paddock
Hickling
Melton Mowbray
Leicestershire
LE14 3AP





REGISTERED NUMBER: 07282556 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
3 Derby Road
Ripley
Derbyshire
DE5 3EA

Flexachem U.K. Limited (Registered number: 07282556)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 99,928 115,870
99,930 115,872

CURRENT ASSETS
Stocks 75,024 37,215
Debtors 6 663,969 534,950
Cash at bank and in hand 909,030 668,630
1,648,023 1,240,795
CREDITORS
Amounts falling due within one year 7 826,853 612,904
NET CURRENT ASSETS 821,170 627,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

921,100

743,763

CREDITORS
Amounts falling due after more than one
year

8

-

(761

)

PROVISIONS FOR LIABILITIES (22,993 ) (26,933 )
NET ASSETS 898,107 716,069

Flexachem U.K. Limited (Registered number: 07282556)

Balance Sheet - continued
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 897,997 715,959
SHAREHOLDERS' FUNDS 898,107 716,069

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

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

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 18th December 2024 and were signed on its behalf by:





D Banner - Director


Flexachem U.K. Limited (Registered number: 07282556)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Flexachem U.K. 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Computer software
Computer software is being amortised evenly over its estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Flexachem U.K. Limited (Registered number: 07282556)

Notes to the Financial Statements - continued
for the Year Ended 30th June 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st July 2023
and 30th June 2024 6,201
AMORTISATION
At 1st July 2023
and 30th June 2024 6,199
NET BOOK VALUE
At 30th June 2024 2
At 30th June 2023 2

Flexachem U.K. Limited (Registered number: 07282556)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st July 2023 9,041 13,269 7,529
Additions - 272 569
Disposals - - -
At 30th June 2024 9,041 13,541 8,098
DEPRECIATION
At 1st July 2023 904 7,781 4,234
Charge for year 181 864 580
Eliminated on disposal - - -
At 30th June 2024 1,085 8,645 4,814
NET BOOK VALUE
At 30th June 2024 7,956 4,896 3,284
At 30th June 2023 8,137 5,488 3,295

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 153,406 16,609 199,854
Additions 40,594 - 41,435
Disposals (35,198 ) - (35,198 )
At 30th June 2024 158,802 16,609 206,091
DEPRECIATION
At 1st July 2023 58,882 12,183 83,984
Charge for year 33,779 2,174 37,578
Eliminated on disposal (15,399 ) - (15,399 )
At 30th June 2024 77,262 14,357 106,163
NET BOOK VALUE
At 30th June 2024 81,540 2,252 99,928
At 30th June 2023 94,524 4,426 115,870

Flexachem U.K. Limited (Registered number: 07282556)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st July 2023
and 30th June 2024 32,403
DEPRECIATION
At 1st July 2023 14,176
Charge for year 4,557
At 30th June 2024 18,733
NET BOOK VALUE
At 30th June 2024 13,670
At 30th June 2023 18,227

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 648,522 522,725
Other debtors 3,192 3,192
Prepayments 12,255 9,033
663,969 534,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 761 9,133
Trade creditors 289,657 219,909
Tax 109,839 88,161
Social security and other taxes 938 2,676
VAT 140,170 116,277
Other creditors 38,630 38,974
Directors' current accounts 50,000 50,000
Accruals and deferred income 189,254 82,279
Accrued expenses 7,604 5,495
826,853 612,904

Flexachem U.K. Limited (Registered number: 07282556)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 761