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REGISTERED NUMBER: 03636769 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

FLEXIBLE SPACE ASSOCIATION LIMITED

FLEXIBLE SPACE ASSOCIATION LIMITED (REGISTERED NUMBER: 03636769)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLEXIBLE SPACE ASSOCIATION LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: A Butterworth
J C S Sartin
Ms A Kolokasi
D C M McGeachy
J Price
C D Mapp
A Livesey
F Fforde





REGISTERED OFFICE: 9 Worton Park
Cassington
Oxfordshire
OX29 4SX





BUSINESS ADDRESS: 2nd Floor, Titan Court
3 Bishop Square
Hatfield
AL10 9NA





REGISTERED NUMBER: 03636769 (England and Wales)





AUDITORS: Camerons Accountancy Consultants Limited
Statutory Auditor
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

FLEXIBLE SPACE ASSOCIATION LIMITED (REGISTERED NUMBER: 03636769)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 74,604 80,720
Cash at bank 268,380 207,428
342,984 288,148
CREDITORS
Amounts falling due within one year 7 179,261 113,673
NET CURRENT ASSETS 163,723 174,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,723

174,475

RESERVES
Retained earnings 163,723 174,475
MEMBERS' FUNDS 163,723 174,475

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 27 May 2025 and were signed on its behalf by:





J C S Sartin - Director


FLEXIBLE SPACE ASSOCIATION LIMITED (REGISTERED NUMBER: 03636769)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Flexible Space Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Computer equipment - 33% on 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.

Rent paid
Rentals paid under operating licence are charged to the profit and loss account on a straight line basis over the period of the licence.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

FLEXIBLE SPACE ASSOCIATION LIMITED (REGISTERED NUMBER: 03636769)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 15,126
DEPRECIATION
At 1 September 2023
and 31 August 2024 15,126
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,250 20,103
Other debtors 39,354 60,617
74,604 80,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,804 1,386
Taxation and social security 9,315 1,083
Other creditors 154,142 111,204
179,261 113,673

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Woolford (Senior Statutory Auditor)
for and on behalf of Camerons Accountancy Consultants Limited

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. ULTIMATE CONTROLLING PARTY

The company has reasonable cause to believe that there is no registrable person or registrable relevant legal entity with ultimate control. The company is governed by a board of directors by which all decisions are agreed.