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REGISTERED NUMBER: 06026830 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

FLEXMR LIMITED

FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

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


FLEXMR LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P Taylor
P D Hudson





SECRETARY: P Taylor





REGISTERED OFFICE: Shoreline Business Park
Sandside
Milnthorpe
Cumbria
LA7 7BF





REGISTERED NUMBER: 06026830 (England and Wales)





ACCOUNTANTS: John Andrew Chartered Accountants
17-19 Market Street
KIRKBY STEPHEN
Cumbria
CA17 4QS

FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,117,955 1,040,164
Tangible assets 5 2,452 3,268
Investments 6 1 1
1,120,408 1,043,433

CURRENT ASSETS
Debtors 7 553,640 509,361
Cash at bank 601,785 420,199
1,155,425 929,560
CREDITORS
Amounts falling due within one year 8 1,450,379 1,198,572
NET CURRENT LIABILITIES (294,954 ) (269,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,454

774,421

PROVISIONS FOR LIABILITIES 189,270 174,645
NET ASSETS 636,184 599,776

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 611,184 574,776
SHAREHOLDERS' FUNDS 636,184 599,776

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.

FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

Balance Sheet - continued
31 December 2024


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 15 May 2025 and were signed on its behalf by:




P D Hudson - Director



P Taylor - Director


FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

FlexMR 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.

The directors have considered the impact of the adoption of FRS 102 on the financial statements and concluded that no material restatement is required.

Turnover
Turnover represents the value net of value added tax and discounts of work carried out in respect of services provided to customers.

Intangible fixed assets
Amortisation on development costs is provided in order to write off each intangible asset evenly over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company makes contributions to the personal pension schemes of certain employees. The assets of the
schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 34 ) .

FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2024 3,098,990
Additions 601,402
At 31 December 2024 3,700,392
AMORTISATION
At 1 January 2024 2,058,826
Amortisation for year 523,611
At 31 December 2024 2,582,437
NET BOOK VALUE
At 31 December 2024 1,117,955
At 31 December 2023 1,040,164

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 15,560
DEPRECIATION
At 1 January 2024 12,292
Charge for year 816
At 31 December 2024 13,108
NET BOOK VALUE
At 31 December 2024 2,452
At 31 December 2023 3,268

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

FLEXMR LIMITED (REGISTERED NUMBER: 06026830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 443,772 353,331
Other debtors 109,868 156,030
553,640 509,361

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 88,296 54,155
Taxation and social security 229,846 205,005
Other creditors 1,132,237 939,412
1,450,379 1,198,572

9. LEASING AGREEMENTS
The company had outstanding commitments in respect of operating leases at 31 December 2024 of £10,000 (2023: 60,000).