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Registered number: 09230550









Fluenta Solutions Limited









Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
Fluenta Solutions Limited
 
 
Company Information


Directors
S Aase 
J O Dudley-Smith 




Registered number
09230550



Registered office
Unit 8, Gransden Park Potton Road,
Abbotsley

Cambridgeshire

PE19 6TY




Independent auditors
Mantax Lynton
Chartered Accountants & Statutory Auditors

2nd Floor Equitable House

7 General Gordon Square

London

SE18 6FH




Accountants
Watermill Accounting Limited
Future Business Centre

Kings Hedges Road

Cambridge

Cambridgeshire

CB4 2HY




Bankers
Danske Bank
75 King William Street

London

 EC4N 7DT





Citibank

33 Canada Square

Canary Wharf

London

E14 5LB





 
Fluenta Solutions Limited
Registered number: 09230550

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,203
5,843

  
4,203
5,843

Current assets
  

Stocks
  
2,634
66,536

Debtors: amounts falling due within one year
 6 
3,092,836
1,810,511

Cash at bank and in hand
 7 
413,917
298,810

  
3,509,387
2,175,857

Creditors: amounts falling due within one year
 8 
(733,517)
(415,720)

Net current assets
  
 
 
2,775,870
 
 
1,760,137

Total assets less current liabilities
  
2,780,073
1,765,980

  

Net assets
  
2,780,073
1,765,980


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
2,680,073
1,665,980

  
2,780,073
1,765,980


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




J O Dudley-Smith
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

Fluenta Solutions Limited is a company, limited by shares, registered in England & Wales. The company's
registered number and registered office can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
on cost
Fixtures and fittings
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.


4.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 11).

Page 5

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
150,957



At 31 December 2024

150,957



Depreciation


At 1 January 2024
145,114


Charge for the year on owned assets
1,640



At 31 December 2024

146,754



Net book value



At 31 December 2024
4,203



At 31 December 2023
5,843

Page 6

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

6.


Debtors

2024
2023
£
£


Trade debtors
768,240
1,063,342

Amounts owed by group undertakings
2,199,117
685,926

Other debtors
65,206
14,224

Prepayments and accrued income
60,273
47,019

3,092,836
1,810,511



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
413,917
298,810

Less: bank overdrafts
(133)
(210)

413,784
298,600



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
133
210

Trade creditors
180,728
9,330

Corporation tax
313,423
-

Other taxation and social security
-
2,880

Other creditors
170,369
329,333

Accruals and deferred income
68,864
73,967

733,517
415,720



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £80,233 (2023 £40,602 ). No contributions were outstanding  to the fund at balance sheet date.

Page 7

 
Fluenta Solutions Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

10.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102, not to disclose details of any transactions or balances between the group that have been eliminated on consolidation. The ultimate parent company prepares group accounts.
 


11.


Controlling party

The immediate parent Company is Fluenta AS ,a company registered in Norway. The ultimate parent Company is Vista Holdings AS a company registered in Norway which prepares consolidated accounts. Copy of consolidated accounts is available from its registered office at Haraldsgata 110,PO Box 420,5501 Haugesund,Norway.
The ultimate controlling party  is  S Aase.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 27 February 2025 by Janak Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 8