Company No:
Contents
| Directors | S J Dennis |
| A S Jonas |
| Registered office | Unit 1 |
| Zodiac Business Park | |
| High Road | |
| Cowley | |
| UB8 2GU | |
| Uxbridge | |
| United Kingdom |
| Company number | 02269330 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 37 St Margarets Street | |
| Canterbury | |
| Kent | |
| CT1 2TU |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Intangible assets | 3 | (
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(
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| Investments | 4 |
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| 80,770 | 80,770 | |||
| Current assets | ||||
| Debtors | 5 |
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| 53,724 | 53,724 | |||
| Net current assets | 53,724 | 53,724 | ||
| Total assets less current liabilities | 134,494 | 134,494 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Share premium account |
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| Capital redemption reserve |
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| Other reserves |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of FLOWSTORE HOLDINGS LIMITED (registered number:
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A S Jonas
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
FLOWSTORE HOLDINGS LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1, Zodiac Business Park, High Road, Cowley, UB8 2GU, Uxbridge, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
| Goodwill | not amortised |
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Goodwill | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 October 2023 | (
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| At 30 September 2024 | (
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| Accumulated amortisation | |||
| At 01 October 2023 |
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| At 30 September 2024 |
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| Net book value | |||
| At 30 September 2024 | (
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| At 30 September 2023 | (
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Investments in subsidiaries
| 2024 | |
| £ | |
| Cost | |
| At 01 October 2023 |
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| 0 | |
| At 30 September 2024 |
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| Carrying value at 30 September 2024 |
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| Carrying value at 30 September 2023 |
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| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed by Parent undertakings |
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| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Contingent liabilities
On 23 August 2023 the remaining 10% ownership in the company held by Mr and Mrs S J Dennis was sold to Flowstore Trustees Limited as trustee for The Flowstore Employee Ownership Trust 2017 for the benefit of employees for £266,400.
At September 2024 the amount owing to Mr and Mrs S J Dennis was £824,915 (2023: £1,151,405).
Other related party transactions
At the year end Flowstore Systems Limited, a wholly owned subsidary, owed the company £53,724 (2022: £53,724). This amount is interest free and payable on demand.
Dividends of £NIL (2023: £NIL) were received from the subsidary during the year under review.
Dividends of £NIL (2023: £NIL) were paid to shareholders during the year under review.
Flowstore Trustees Limited as trustee for the Flowstore Employee Ownership Trust 2017 is the controlling party by virtue of it's holdings of the majority of the issued ordinary share capital of the company.