Registered number
09167279
FLAWLESSCX LIMITED
Report and Accounts
31 August 2024
www.chartered.org
FLAWLESSCX LIMITED
Accountants' Report
for the year ended 31 August 2024
Accountants' report to the directors of
FLAWLESSCX LIMITED
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abell Limited
Chartered Accountants
128 Cannon Workshops
Cannon Drive
Canary Wharf
LONDON,
E14 4AS
16 May 2025
FLAWLESSCX LIMITED
Registered number: 09167279
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,825 7,186
Current assets
Debtors 4 17,597 70,919
Cash at bank and in hand 547 8,091
18,144 79,010
Creditors: amounts falling due within one year 5 (111,223) (73,389)
Net current (liabilities)/assets (93,079) 5,621
Total assets less current liabilities (87,254) 12,807
Creditors: amounts falling due after more than one year 6 (10,000) (12,000)
Net (liabilities)/assets (97,254) 807
Capital and reserves
Called up share capital 2 2
Profit and loss account (97,256) 805
Shareholders' funds (97,254) 807
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexander EP Bradbury
Director
Approved by the board on 16 May 2025
FLAWLESSCX LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2023 18,688
Additions 580
At 31 August 2024 19,268
Depreciation
At 1 September 2023 11,502
Charge for the year 1,941
At 31 August 2024 13,443
Net book value
At 31 August 2024 5,825
At 31 August 2023 7,186
4 Debtors 2024 2023
£ £
Trade debtors 15,200 20
Other debtors 2,397 70,899
17,597 70,919
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,155 6,217
Trade creditors 8 (493)
Taxation and social security costs 106,060 67,665
111,223 73,389
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,000 12,000
7 Other information
FLAWLESSCX LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
128 Cannon Workshops
Cannon Drive
LONDON,
E14 4AS
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