Company Registration No. 07446531 (England and Wales)
FLASHBANG DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
FLASHBANG DESIGN LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FLASHBANG DESIGN LTD
Company Registration No. 07446531
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,317
169
Current assets
Debtors
5
18,022
38,388
Cash at bank and in hand
13,342
380
31,364
38,768
Creditors: amounts falling due within one year
6
(23,012)
(23,921)
Net current assets
8,352
14,847
Total assets less current liabilities
13,669
15,016
Creditors: amounts falling due after more than one year
7
(6,741)
(7,667)
Net assets
6,928
7,349
Capital and reserves
Called up share capital
8
20
20
Profit and loss reserves
6,908
7,329
Total equity
6,928
7,349

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

FLASHBANG DESIGN LTD
Company Registration No. 07446531
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 April 2025
N Kemp
Director
FLASHBANG DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Flashbang Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Saxon Gate, Burghfield, Reading, RG30 3BR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for graphic design services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FLASHBANG DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
88,000
Amortisation and impairment
At 1 December 2023 and 30 November 2024
88,000
Carrying amount
At 30 November 2024
-
0
At 30 November 2023
-
0
FLASHBANG DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023
17,996
Additions
6,011
At 30 November 2024
24,007
Depreciation and impairment
At 1 December 2023
17,827
Depreciation charged in the year
863
At 30 November 2024
18,690
Carrying amount
At 30 November 2024
5,317
At 30 November 2023
169
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
18,022
37,886
Other debtors
-
0
502
18,022
38,388
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,373
4,000
Trade creditors
2,578
6,837
Taxation and social security
17,488
11,024
Other creditors
1,573
2,060
23,012
23,921
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,741
7,667
FLASHBANG DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20
20
20
20
9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
5,683
-
0
10
Related party transactions

At the balance sheet date, £222 (2023: £959) was owed to the director, N Kemp. This amount is interest free and repayable on demand.

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