Flexa Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
18,066
16,473
Cash at bank and in hand
356,088
368,125
Creditors: amounts falling due within one year
(8,666)
(89,422)
Net current assets
766,138
455,861
Net assets
784,204
472,334
Called up share capital
2
2
Share premium
3,571,620
2,580,099
Profit and loss account
(2,787,418)
(2,107,767)
Shareholders' funds
784,204
472,334
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Maurice Patrick O'brien
Director
Company Registration No. 12118690
Flexa Ltd
Notes to the Accounts
for the year ended 31 December 2024
Flexa Ltd is a private company, limited by shares, registered in England and Wales, registration number 12118690. The registered office is 7 Zinc House, 28 Elsdale Street, London, E9 6QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
5 years
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
33,877
At 31 December 2024
15,811
At 31 December 2024
18,066
At 31 December 2023
16,473
Flexa Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
418,716
150,564
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(42,555)
35,097
Other creditors
29,626
37,494
7
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
14,400
14,400
Later than one year and not later than five years
14,400
14,400
8
Average number of employees
During the year the average number of employees was 16 (2023: 17).