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REGISTERED NUMBER: 04145382 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2025

for

FLAGSHIP FINANCIAL CONSULTANTS LTD

FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FLAGSHIP FINANCIAL CONSULTANTS LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: P I Radley





SECRETARY: Mrs L M Radley





REGISTERED OFFICE: Bramble Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LY





REGISTERED NUMBER: 04145382 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)

Statement of Financial Position
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,947 2,596
1,947 2,596

CURRENT ASSETS
Debtors 6 83,944 160,859
Cash at bank 84,249 1,163
168,193 162,022
CREDITORS
Amounts falling due within one year 7 121,512 117,952
NET CURRENT ASSETS 46,681 44,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,628

46,666

PROVISIONS FOR LIABILITIES 8 395 515
NET ASSETS 48,233 46,151

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 48,133 46,051
SHAREHOLDERS' FUNDS 48,233 46,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)

Statement of Financial Position - continued
31 JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





P I Radley - Director


FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Flagship Financial Consultants 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.

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


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
Revenue 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Improvements - 10% on cost
Fixtures, fittings & equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 2 (2024 - 2 ) .

FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 101,862
AMORTISATION
At 1 February 2024
and 31 January 2025 101,862
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
Freehold fittings
Improvements & equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 55,629 105,759 161,388
DEPRECIATION
At 1 February 2024 55,629 103,163 158,792
Charge for year - 649 649
At 31 January 2025 55,629 103,812 159,441
NET BOOK VALUE
At 31 January 2025 - 1,947 1,947
At 31 January 2024 - 2,596 2,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Prepayments and accrued income 83,944 160,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Corporation Tax 116,822 113,298
Social security and other taxes 1,190 1,254
Accruals and deferred income 3,500 3,400
121,512 117,952

FLAGSHIP FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 04145382)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred taxation provision 395 515

Deferred
tax
£   
Balance at 1 February 2024 515
Credit to Statement of Income and Retained Earnings during year (120 )
Balance at 31 January 2025 395

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2024 46,051
Profit for the year 352,082
Dividends (350,000 )
At 31 January 2025 48,133

11. RELATED PARTY DISCLOSURES

During the year under review the company was under the control of Mr P Radley, its sole director and beneficial owner of a majority interest in the equity share capital of the company.