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REGISTERED NUMBER: 02868467 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FLITETEC LIMITED

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLITETEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C Davis
T M G G de Bouillane





SECRETARY: C Davis





REGISTERED OFFICE: Unit 9, 28 Plantation Road
Amersham
Buckinghamshire
HP6 6HD





REGISTERED NUMBER: 02868467 (England and Wales)





ACCOUNTANTS: Lawes & Co UK Limited
Boyce's Building
Regent Street
Clifton
Bristol
BS8 4HU

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 162,889 174,884
Investments 5 2,255 2,255
165,144 177,139

CURRENT ASSETS
Stocks 2,169,399 1,367,461
Debtors 6 710,615 843,589
Cash at bank and in hand 184,447 291,347
3,064,461 2,502,397
CREDITORS
Amounts falling due within one year 7 1,051,082 1,331,364
NET CURRENT ASSETS 2,013,379 1,171,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,178,523

1,348,172

CREDITORS
Amounts falling due after more than
one year

8

(640,000

)

(670,000

)

PROVISIONS FOR LIABILITIES (40,288 ) -
NET ASSETS 1,498,235 678,172

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

BALANCE SHEET - continued
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,497,235 677,172
SHAREHOLDERS' FUNDS 1,498,235 678,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:




C Davis - Director



T M G G de Bouillane - Director


FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

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

1. STATUTORY INFORMATION

Flitetec Limited 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of costs and net realisable value, after making due allowances for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The company directors do not consider that the Covid- 19 pandemic will effect the company's status as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 23,885 544,923 217,121 785,929
Additions - 2,808 33,600 36,408
At 31 December 2024 23,885 547,731 250,721 822,337
DEPRECIATION
At 1 January 2024 13,931 476,202 120,912 611,045
Charge for year 2,388 17,324 28,691 48,403
At 31 December 2024 16,319 493,526 149,603 659,448
NET BOOK VALUE
At 31 December 2024 7,566 54,205 101,118 162,889
At 31 December 2023 9,954 68,721 96,209 174,884

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 158,542
Transfer to ownership (158,542 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 120,423
Transfer to ownership (120,423 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 38,119

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 2,255
NET BOOK VALUE
At 31 December 2024 2,255
At 31 December 2023 2,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 362,210 522,932
Other debtors 348,405 320,657
710,615 843,589

FLITETEC LIMITED (REGISTERED NUMBER: 02868467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts - 11,327
Trade creditors 473,135 749,896
Taxation and social security 92,449 (22,168 )
Other creditors 455,498 562,309
1,051,082 1,331,364

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 40,000 70,000
Other creditors 600,000 600,000
640,000 670,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

During the year C Davis, a company director, received dividends of £Nil (2023 £Nil). At the year end, the company owed C Davis £411,661 (2023 £411,661).

During the year T M G G de Bouillane, a company director, received dividends of £Nil (2023 £Nil). At the year end, the company owed T M G G de Bouillane £411,661 (2023 £597,492).

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.