REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Flutter Shutter Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Flutter Shutter Ltd |
Flutter Shutter Ltd (Registered number: 11368091) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Flutter Shutter Ltd |
Company Information |
for the Year Ended 31 May 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
114-120 Northgate Street |
Chester |
CH1 2HT |
Flutter Shutter Ltd (Registered number: 11368091) |
Statement of Financial Position |
31 May 2024 |
31/5/24 | 31/5/23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
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. |
Flutter Shutter Ltd (Registered number: 11368091) |
Statement of Financial Position - continued |
31 May 2024 |
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 |
Flutter Shutter Ltd (Registered number: 11368091) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | Statutory information |
Flutter Shutter Ltd is a |
2. | Accounting policies |
Basis of preparing the 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. |
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
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 |
Motor vehicles | - |
Computer equipment | - |
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 statement of financial position date. |
Flutter Shutter Ltd (Registered number: 11368091) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 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 statement of financial position 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. |
Operating leases |
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. |
Grants |
The company receives grant funding for its development activities. Where the timing of the receipt of the grant monies for revenue items differs from the point at which the relevant expense is recognised in the Income Statement, the difference is taken to accrued income in debtors or deferred income in creditors, as appropriate. |
Where grant monies are receivable for capital expenditure, the amount receivable is recognised when the capital expenditure is incurred and is credited to deferred income. The deferred income is released to the Income Statement to match the depreciation charged on the relevant fixed asset. |
Going concern |
The financial statements have been prepared on the going concern basis of accounting, on the assumption that the directors will continue to provide financial support to enable the company to meet its liabilities, which exceeded its assets at 31 May 2024. |
3. | Employees and directors |
The average number of employees during the year was |
Flutter Shutter Ltd (Registered number: 11368091) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
4. | Intangible fixed assets |
Patents |
and |
trademarks |
£ |
Cost |
At 1 June 2023 |
Additions |
At 31 May 2024 |
Amortisation |
At 1 June 2023 |
Amortisation for year |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
5. | Tangible fixed assets |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
Cost |
At 1 June 2023 |
and 31 May 2024 |
Depreciation |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
6. | Debtors: amounts falling due within one year |
31/5/24 | 31/5/23 |
£ | £ |
Other debtors |
Flutter Shutter Ltd (Registered number: 11368091) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
7. | Creditors: amounts falling due within one year |
31/5/24 | 31/5/23 |
£ | £ |
Other creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/5/24 | 31/5/23 |
value: | £ | £ |
Ordinary | £1 | 3 | 2 |
1 Ordinary share of £1 was allotted and fully paid for |
9. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023: |
31/5/24 | 31/5/23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loans are unsecured, interest free and repayable on demand. The maximum balances outstanding during the year were £8,183 for N Griffin and £6,508 for R Davis. Amounts repaid by N Griffin include £8,183 on 29 September 2023 and by R Davis include £6,508 on 29 September 2023. |