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REGISTERED NUMBER: 03604098 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

FOR

NOTTINGHAM FLEXO LIMITED

NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 January 2023 to 30 June 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


NOTTINGHAM FLEXO LIMITED

COMPANY INFORMATION
for the Period 1 January 2023 to 30 June 2024







DIRECTORS: C G Burgass
Mrs J A Burgass
Mrs L J Larkman





SECRETARY: Mrs J A Burgass





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 03604098 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

NOTTINGHAM FLEXO LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NOTTINGHAM FLEXO 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 June 2024 set out on pages four to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


7 November 2024

NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

BALANCE SHEET
30 June 2024

2022 2024
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 5 -
265,810 Tangible assets 6 195,386
265,810 195,386

CURRENT ASSETS
261,000 Stocks 7 140,000
402,368 Debtors 8 313,616
10,964 Cash at bank 30,479
674,332 484,095
CREDITORS
836,593 Amounts falling due within one year 9 659,435
(162,261 ) NET CURRENT LIABILITIES (175,340 )
103,549 TOTAL ASSETS LESS CURRENT
LIABILITIES

20,046

CREDITORS
(53,125 ) Amounts falling due after more than one year 10 -

(38,321 ) PROVISIONS FOR LIABILITIES (14,093 )
12,103 NET ASSETS 5,953

CAPITAL AND RESERVES
241,200 Called up share capital 241,200
641 Share premium 641
(229,738 ) Retained earnings (235,888 )
12,103 SHAREHOLDERS' FUNDS 5,953

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

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

NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

BALANCE SHEET - continued
30 June 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 7 November 2024 and were signed on its behalf by:





C G Burgass - Director


NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 January 2023 to 30 June 2024


1. STATUTORY INFORMATION

Nottingham Flexo Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 03604098

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company in the year under review was that of manufacturing artwork and printing plates for the flexographic printing industry and printing and manufacturing bags for the retail industry.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgement or estimates have had to be made by the director in preparing these financial statements.

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 two businesses was disposed of during the period under review.

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.
Buildings - 10% on cost
Plant & machinery - 10% on cost
Fixtures & fittings - 15% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on cost

Stocks
Stock is valued at the lower of cost based on suppliers' invoiced price on a first in first out basis or net realisable value, after making due allowance for obselete and slow moving items.


NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2023 to 30 June 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2022 - 24 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 165,000
Disposals-Goodwill (165,000 )
At 30 June 2024 -
AMORTISATION
At 1 January 2023 165,000
Elimin on disp-Goodwill (165,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 December 2022 -

NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2023 to 30 June 2024


6. TANGIBLE FIXED ASSETS
Plant &
Totals Buildings machinery
£    £    £   
COST
At 1 January 2023 1,081,936 41,316 969,242
Disposals (420,705 ) - (398,209 )
At 30 June 2024 661,231 41,316 571,033
DEPRECIATION
At 1 January 2023 816,126 21,968 734,656
Charge for period 66,866 6,193 57,125
Eliminated on disposal (417,147 ) - (398,149 )
At 30 June 2024 465,845 28,161 393,632
NET BOOK VALUE
At 30 June 2024 195,386 13,155 177,401
At 31 December 2022 265,810 19,348 234,586

Fixtures Motor Computer
& fittings vehicles equipment
£    £    £   
COST
At 1 January 2023 26,716 37,491 7,171
Disposals - (22,496 ) -
At 30 June 2024 26,716 14,995 7,171
DEPRECIATION
At 1 January 2023 26,716 27,244 5,542
Charge for period - 2,249 1,299
Eliminated on disposal - (18,998 ) -
At 30 June 2024 26,716 10,495 6,841
NET BOOK VALUE
At 30 June 2024 - 4,500 330
At 31 December 2022 - 10,247 1,629

7. STOCKS
2024 2022
£    £   
Stocks 116,000 244,000
Work-in-progress 24,000 17,000
140,000 261,000

NOTTINGHAM FLEXO LIMITED (REGISTERED NUMBER: 03604098)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2023 to 30 June 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 284,837 378,133
Other debtors - 400
Prepayments & accrued income 28,779 23,835
313,616 402,368

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 266,932 351,503
Trade creditors 307,867 368,577
Social security & other taxes 28,928 25,208
Value added tax 38,884 61,843
Directors' current accounts 4,233 6,987
Sundry creditors & accruals 12,591 22,475
659,435 836,593

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans 2-5 years - 53,125

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank overdrafts 232,557 314,003
Bank loans 34,375 90,625
266,932 404,628

The bank borrowings with The Royal Bank of Scotland Plc Facflow are secured against trade debtors by way of invoice discounting and by way of a fixed and floating charge over the assets of the company.

Th hire purchase debts are secured on the company's plant & machinery and motor vehicle.