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REGISTERED NUMBER: 11368091 (England and Wales)















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: N Griffin
R Davis
R Griffin





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 11368091 (England and Wales)





Accountants: Ellis & Co
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 3,658 6,825
Tangible assets 5 8,123 13,173
11,781 19,998

Current assets
Debtors 6 600 28,291
Cash at bank 8,695 57,277
9,295 85,568
Creditors
Amounts falling due within one year 7 54,705 94,539
Net current liabilities (45,410 ) (8,971 )
Total assets less current liabilities (33,629 ) 11,027

Capital and reserves
Called up share capital 8 3 2
Retained earnings (33,632 ) 11,025
Shareholders' funds (33,629 ) 11,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Flutter Shutter Ltd (Registered number: 11368091)

Statement of Financial Position - continued
31 May 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 6 February 2025 and were signed on its behalf by:





N Griffin - Director


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 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.

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.

Patents and trademarks are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 3 (2023 - 3 ) .

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 17,062
Additions 307
At 31 May 2024 17,369
Amortisation
At 1 June 2023 10,237
Amortisation for year 3,474
At 31 May 2024 13,711
Net book value
At 31 May 2024 3,658
At 31 May 2023 6,825

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 20,000 3,150 23,150
Depreciation
At 1 June 2023 8,000 1,977 9,977
Charge for year 4,000 1,050 5,050
At 31 May 2024 12,000 3,027 15,027
Net book value
At 31 May 2024 8,000 123 8,123
At 31 May 2023 12,000 1,173 13,173

6. Debtors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Other debtors 600 28,291

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 54,705 94,539

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
3 Ordinary £1 3 2

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.

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
£    £   
N Griffin
Balance outstanding at start of year 8,183 9,590
Amounts advanced - 18,774
Amounts repaid (8,183 ) (20,181 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,183

R Davis
Balance outstanding at start of year 6,508 7,915
Amounts advanced - 18,996
Amounts repaid (6,508 ) (20,403 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,508

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.