Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseprovision of homecare and support to vulnerable adults4649truetrue 04602289 2023-04-01 2024-03-31 04602289 2022-04-01 2023-03-31 04602289 2024-03-31 04602289 2023-03-31 04602289 c:Director1 2023-04-01 2024-03-31 04602289 c:Director2 2023-04-01 2024-03-31 04602289 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04602289 d:Buildings d:LongLeaseholdAssets 2024-03-31 04602289 d:Buildings d:LongLeaseholdAssets 2023-03-31 04602289 d:MotorVehicles 2023-04-01 2024-03-31 04602289 d:MotorVehicles 2024-03-31 04602289 d:MotorVehicles 2023-03-31 04602289 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04602289 d:FurnitureFittings 2023-04-01 2024-03-31 04602289 d:FurnitureFittings 2024-03-31 04602289 d:FurnitureFittings 2023-03-31 04602289 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04602289 d:OfficeEquipment 2023-04-01 2024-03-31 04602289 d:OfficeEquipment 2024-03-31 04602289 d:OfficeEquipment 2023-03-31 04602289 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04602289 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04602289 d:CurrentFinancialInstruments 2024-03-31 04602289 d:CurrentFinancialInstruments 2023-03-31 04602289 d:Non-currentFinancialInstruments 2024-03-31 04602289 d:Non-currentFinancialInstruments 2023-03-31 04602289 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04602289 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04602289 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04602289 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04602289 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04602289 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04602289 d:ShareCapital 2024-03-31 04602289 d:ShareCapital 2023-03-31 04602289 d:RetainedEarningsAccumulatedLosses 2024-03-31 04602289 d:RetainedEarningsAccumulatedLosses 2023-03-31 04602289 c:FRS102 2023-04-01 2024-03-31 04602289 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04602289 c:FullAccounts 2023-04-01 2024-03-31 04602289 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04602289 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 04602289 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04602289 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 04602289 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04602289 2 2023-04-01 2024-03-31 04602289 6 2023-04-01 2024-03-31 04602289 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04602289










POSTFLUX LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
POSTFLUX LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFPOSTFLUX LIMITED
FOR THE YEAR ENDED 31 MARCH 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 Postflux Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Postflux Limited, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Postflux Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Postflux Limited and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Postflux Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Postflux 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 Postflux 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.





Shipleys Tax Planning

25 March 2025
Page 1

 
POSTFLUX LIMITED
REGISTERED NUMBER: 04602289

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,999
19,501

Investments
 5 
149,175
149,175

  
198,174
168,676

Current assets
  

Debtors: amounts falling due within one year
 6 
88,366
464,389

Current asset investments
 7 
277,959
-

Cash at bank and in hand
 8 
33,438
135,181

  
399,763
599,570

Creditors: amounts falling due within one year
 9 
(137,040)
(194,551)

Net current assets
  
 
 
262,723
 
 
405,019

Total assets less current liabilities
  
460,897
573,695

Creditors: amounts falling due after more than one year
 10 
(40,291)
(44,163)

  

Net assets
  
420,606
529,532


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
419,606
528,532

  
420,606
529,532


The directors consider 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 directors acknowledge their 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 25 March 2025.




Page 2

 
POSTFLUX LIMITED
REGISTERED NUMBER: 04602289

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

James Knight-Adams
Paola Knight-Adams
Director
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Postflux Ltd is a company domiciled in England & Wales, registration number 04602289. The registered office is 8 Old Market Court, High Street, Droitwich, Worcestershire, WR9 8ES..

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.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

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

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

 
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 Balance sheet. 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 balance sheet 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.

Page 5

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
10% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
25% straight line

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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

 
2.14

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.

Page 6

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
3
4



Support
40
42



Management
3
3

46
49


4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
15,159
33,238
14,669
40,759
103,825


Additions
7,676
27,682
-
11,218
46,576


Disposals
-
(33,238)
-
(14,012)
(47,250)



At 31 March 2024

22,835
27,682
14,669
37,965
103,151



Depreciation


At 1 April 2023
8,729
25,955
14,503
35,137
84,324


Charge for the year on owned assets
1,942
4,215
166
5,956
12,279


Disposals
-
(28,439)
-
(14,012)
(42,451)



At 31 March 2024

10,671
1,731
14,669
27,081
54,152



Net book value



At 31 March 2024
12,164
25,951
-
10,884
48,999



At 31 March 2023
6,430
7,283
166
5,622
19,501

Page 7

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
149,175



At 31 March 2024
149,175





6.


Debtors

2024
2023
£
£


Trade debtors
25,700
71,875

Other debtors
13,632
308,803

Prepayments and accrued income
49,034
83,711

88,366
464,389



7.


Current asset investments

2024
2023
£
£

Listed investments
277,959
-

277,959
-



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
33,438
135,181

Less: bank overdrafts
-
(150)

33,438
135,031


Page 8

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
150

Trade creditors
10,282
8,374

Corporation tax
1,801
28,852

Other taxation and social security
15,866
12,991

Obligations under finance lease and hire purchase contracts
2,026
-

Other creditors
82,911
102,592

Accruals and deferred income
24,154
41,592

137,040
194,551



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,833
35,833

Net obligations under finance leases and hire purchase contracts
14,458
8,330

40,291
44,163


In 2020 the company received the Government Bounce Back Loan from Barclays Bank UK PLC of £50,000. The loan was interest free for 12 months, after which interest is charged at a fixed rate of 2.5% per annum. The loan is repayable to Barclays Bank UK PLC after a period of 3 years (2023: 4 years).


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
25,833
35,833


25,833
35,833


25,833
35,833


Page 9

 
POSTFLUX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,026
1,998

Between 1-5 years
14,458
6,332

16,484
8,330


13.


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 £18,789 (2023 - £17,979) for staff and £120,000 (2023 - £80,000) for directors. Contributions totalling £NIL (2023 - £NIL) were payable to the funds at the balance sheet date


14.


Related party transactions

During the year the directors repaid the company £293,586. At the balance sheet date other debtors included £NIL (2023: £293,586) as amounts owed by the directors.
The company rents a property which belongs to Coventry Phoenix Ltd (a company which the director James Knight-Adams is a shareholder in). The company paid rent of £5,000 
(2023: £6,000) during the year.
The company received management income totalling £19,800 
(2023: £11,000) in the year from Coventry Phoenix Ltd.
During the year the company paid rent to the directors totalling £21,600.


Page 10