Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetrue0No description of principal activityfalse3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01false 15373667 2023-12-31 15373667 2024-01-01 2024-12-31 15373667 2023-01-01 2023-12-31 15373667 2024-12-31 15373667 c:Director1 2024-01-01 2024-12-31 15373667 d:MotorVehicles 2024-01-01 2024-12-31 15373667 d:MotorVehicles 2024-12-31 15373667 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 15373667 d:CurrentFinancialInstruments 2024-12-31 15373667 d:Non-currentFinancialInstruments 2024-12-31 15373667 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15373667 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 15373667 d:ShareCapital 2024-12-31 15373667 d:RetainedEarningsAccumulatedLosses 2024-12-31 15373667 c:FRS102 2024-01-01 2024-12-31 15373667 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 15373667 c:FullAccounts 2024-01-01 2024-12-31 15373667 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15373667 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 15373667 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 15373667 d:HirePurchaseContracts d:MoreThanFiveYears 2024-12-31 15373667 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15373667









FLOW PROJECTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FLOW PROJECTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FLOW PROJECTS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FLOW PROJECTS LIMITED for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of FLOW PROJECTS LIMITED in accordance with the terms of our engagement letter dated 24 April 2024Our work has been undertaken solely to prepare for your approval the financial statements of FLOW PROJECTS LIMITED and state those matters that we have agreed to state to the director of FLOW PROJECTS LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FLOW PROJECTS LIMITED and its director for our work or for this report. 

It is your duty to ensure that FLOW PROJECTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FLOW PROJECTS LIMITED. You consider that FLOW PROJECTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of FLOW PROJECTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



The Woodstock Accountancy Practice Limited
 
3a Market Place
Woodstock
OX20 1SY
20 March 2025
Page 1

 
FLOW PROJECTS LIMITED
REGISTERED NUMBER: 15373667

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
17,062

  
17,062

Current assets
  

Debtors: amounts falling due within one year
 5 
11,245

Cash at bank and in hand
 6 
20,285

  
31,530

Creditors: amounts falling due within one year
 7 
(22,559)

Net current assets
  
 
 
8,971

Total assets less current liabilities
  
26,033

Creditors: amounts falling due after more than one year
 8 
(14,125)

  

Net assets
  
11,908


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
11,907

  
11,908


Page 2

 
FLOW PROJECTS LIMITED
REGISTERED NUMBER: 15373667
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 20 March 2025.




T Roche
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
FLOW PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Flow Projects Limited, company registration 15373667, a company limited by shares and registered in
England and Wales.
Registered Office; Woodgrove Epwell Road, Shutford, Banbury, England, OX15 6HE.
The company's principal activity is that of roofing services.

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 following principal accounting policies have been applied:

 
2.2

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.

Page 4

 
FLOW PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.


 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

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.

 
2.6

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.

 
2.7

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.

Page 5

 
FLOW PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3.


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
21,000



At 31 December 2024

21,000



Depreciation


Charge for the year on owned assets
3,938



At 31 December 2024

3,938



Net book value



At 31 December 2024
17,062

Page 6

 
FLOW PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
£


Trade debtors
7,198

Other debtors
3,349

Prepayments and accrued income
698

11,245



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
20,285

20,285



7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
1,656

Other taxation and social security
3,431

Obligations under finance lease and hire purchase contracts
4,238

Other creditors
10,734

Accruals and deferred income
2,500

22,559



8.


Creditors: Amounts falling due after more than one year

2024
£

Net obligations under finance leases and hire purchase contracts
14,125

14,125


Page 7

 
FLOW PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
£


Within one year
4,238

Between 1-2 years
4,238

Between 2 - 5 years
9,887

18,363

 
Page 8