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REGISTERED NUMBER: 07130509 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Flipbook Limited

Flipbook Limited (Registered number: 07130509)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Flipbook Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr A Lord
Mr B Haworth





REGISTERED OFFICE: 113-115 Portland Street
Manchester
M1 6DW





REGISTERED NUMBER: 07130509 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP

Flipbook Limited (Registered number: 07130509)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 73,146 97,060

CURRENT ASSETS
Debtors 5 100,363 169,992
Cash at bank 130,240 70,515
230,603 240,507
CREDITORS
Amounts falling due within one year 6 (218,253 ) (225,053 )
NET CURRENT ASSETS 12,350 15,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,496

112,514

CREDITORS
Amounts falling due after more than one year 7 (60,002 ) (25,463 )

PROVISIONS FOR LIABILITIES (16,092 ) (24,265 )
NET ASSETS 9,402 62,786

CAPITAL AND RESERVES
Called up share capital 9 61 61
Retained earnings 9,341 62,725
SHAREHOLDERS' FUNDS 9,402 62,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 13 February 2025 and were signed on its behalf by:




Mr A Lord - Director


Flipbook Limited (Registered number: 07130509)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Flipbook 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 25% reducing balance
Computers - 33% reducing balance or straight line over 3 years
Motor Vehicles - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited ot charged to profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Flipbook Limited (Registered number: 07130509)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 15,766 128,036 172,738 316,540
Additions - - 4,076 4,076
Disposals - - (7,846 ) (7,846 )
At 30 June 2024 15,766 128,036 168,968 312,770
DEPRECIATION
At 1 July 2023 12,922 66,502 140,056 219,480
Charge for year 711 15,384 11,815 27,910
Eliminated on disposal - - (7,766 ) (7,766 )
At 30 June 2024 13,633 81,886 144,105 239,624
NET BOOK VALUE
At 30 June 2024 2,133 46,150 24,863 73,146
At 30 June 2023 2,844 61,534 32,682 97,060

Flipbook Limited (Registered number: 07130509)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 July 2023
and 30 June 2024 128,036
DEPRECIATION
At 1 July 2023 66,502
Charge for year 15,384
At 30 June 2024 81,886
NET BOOK VALUE
At 30 June 2024 46,150
At 30 June 2023 61,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 64,500 159,000
Other debtors 35,863 10,992
100,363 169,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,964 9,964
Hire purchase contracts (see note 8) 10,990 62,466
Trade creditors 36,066 67,638
Taxation and social security 138,043 68,417
Other creditors 23,190 16,568
218,253 225,053

Included within hire purchase contracts are secured hire purchase contracts amounting to £10,990 (2023; 62,466) which are secured on the assets to which they relate.

Included in bank loans and overdrafts is an unsecured loan amounting to £9,964 (2023: £9,964).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 20,621 25,463
Hire purchase contracts (see note 8) 39,381 -
60,002 25,463

Included within hire purchase contracts are secured hire purchase contracts amounting to £39,381 (2023; Nil) which are secured on the assets to which they relate.

Included in bank loans is an unsecured loan amounting to £20,621 (2023: £25,463).

Flipbook Limited (Registered number: 07130509)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 10,990 62,466
Between one and five years 39,381 -
50,371 62,466

Non-cancellable
operating leases
2024 2023
£ £
Within one year 46,975 43,367
Between one and five years 179,663 187,900
In more than five years - 38,738
226,638 270,005

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
420 Ordinary X 0.10 42 42
180 Ordinary Y 0.10 18 18
10 Ordinary Z 0.10 1 1
61 61

10. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

20242023
£   £   
Amounts due to related parties
Directors2229






Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Flipbook Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flipbook Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Flipbook Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flipbook Limited and state those matters that we have agreed to state to the Board of Directors of Flipbook Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flipbook Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flipbook Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flipbook Limited. You consider that Flipbook Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flipbook Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP


13 February 2025