IRIS Accounts Production v25.1.3.33 07342421 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073424212023-08-31073424212024-08-31073424212023-09-012024-08-31073424212022-08-31073424212022-09-012023-08-31073424212023-08-3107342421ns15:EnglandWales2023-09-012024-08-3107342421ns14:PoundSterling2023-09-012024-08-3107342421ns10:Director12023-09-012024-08-3107342421ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107342421ns10:SmallEntities2023-09-012024-08-3107342421ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107342421ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107342421ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107342421ns10:FullAccounts2023-09-012024-08-310734242112023-09-012024-08-3107342421ns10:OrdinaryShareClass12023-09-012024-08-3107342421ns10:Director22023-09-012024-08-3107342421ns10:Director32023-09-012024-08-3107342421ns10:RegisteredOffice2023-09-012024-08-3107342421ns5:CurrentFinancialInstruments2024-08-3107342421ns5:CurrentFinancialInstruments2023-08-3107342421ns5:ShareCapital2024-08-3107342421ns5:ShareCapital2023-08-3107342421ns5:RetainedEarningsAccumulatedLosses2024-08-3107342421ns5:RetainedEarningsAccumulatedLosses2023-08-3107342421ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107342421ns5:ComputerSoftware2023-08-3107342421ns5:ComputerSoftware2024-08-3107342421ns5:ComputerSoftware2023-08-3107342421ns5:FurnitureFittings2023-08-3107342421ns5:MotorVehicles2023-08-3107342421ns5:FurnitureFittings2023-09-012024-08-3107342421ns5:MotorVehicles2023-09-012024-08-3107342421ns5:FurnitureFittings2024-08-3107342421ns5:MotorVehicles2024-08-3107342421ns5:FurnitureFittings2023-08-3107342421ns5:MotorVehicles2023-08-3107342421ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107342421ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107342421ns5:WithinOneYear2024-08-3107342421ns5:WithinOneYear2023-08-3107342421ns5:DeferredTaxation2023-08-3107342421ns5:DeferredTaxation2023-09-012024-08-3107342421ns5:DeferredTaxation2024-08-3107342421ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 07342421 (England and Wales)















Active Flow Controls Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Active Flow Controls Limited (Registered number: 07342421)

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


Active Flow Controls Limited

Company Information
for the year ended 31 August 2024







Directors: A Cole
A J Cole
D A Collier





Registered office: 8 & 9 Brunel Gate
West Portway Industrial Estate
Andover
Hampshire
SP10 3SL





Registered number: 07342421 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Active Flow Controls Limited (Registered number: 07342421)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 45,670 52,103
45,670 52,103

Current assets
Stocks 250,000 300,000
Debtors 6 557,874 869,810
Cash at bank 923,582 771,583
1,731,456 1,941,393
Creditors
Amounts falling due within one year 7 474,761 719,262
Net current assets 1,256,695 1,222,131
Total assets less current liabilities 1,302,365 1,274,234

Provisions for liabilities 9 11,418 12,499
Net assets 1,290,947 1,261,735

Capital and reserves
Called up share capital 10 100 100
Retained earnings 1,290,847 1,261,635
Shareholders' funds 1,290,947 1,261,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:




A Cole - Director


Active Flow Controls Limited (Registered number: 07342421)

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


1. Statutory information

Active Flow Controls 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

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 pound.

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

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

Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where i t is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software 3 years straight line

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:

Fixtures, fittings & equipment 25% reducing balance
Motor Vehicles25% reducing balance

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and net realisable value and is based on the directors' estimate.

Active Flow Controls Limited (Registered number: 07342421)

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


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired i n the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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

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

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Operating lease commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Active Flow Controls Limited (Registered number: 07342421)

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


2. Accounting policies - continued

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

3. Employees and directors

The average number of employees during the year was 16 (2023 - 13 ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 September 2023
and 31 August 2024 14,000
Amortisation
At 1 September 2023
and 31 August 2024 14,000
Net book value
At 31 August 2024 -
At 31 August 2023 -

Active Flow Controls Limited (Registered number: 07342421)

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


5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 September 2023 104,483 33,660 138,143
Additions 7,312 - 7,312
At 31 August 2024 111,795 33,660 145,455
Depreciation
At 1 September 2023 71,314 14,726 86,040
Charge for year 9,011 4,734 13,745
At 31 August 2024 80,325 19,460 99,785
Net book value
At 31 August 2024 31,470 14,200 45,670
At 31 August 2023 33,169 18,934 52,103

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 544,739 859,186
Other debtors 13,135 10,624
557,874 869,810

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 387,131 616,513
Taxation and social security 80,841 97,743
Other creditors 6,789 5,006
474,761 719,262

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 8,828

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 11,418 12,499

Active Flow Controls Limited (Registered number: 07342421)

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


9. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 September 2023 12,499
Provided during year (1,081 )
Balance at 31 August 2024 11,418

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary Shares 1 100 100

11. Related party disclosures

Included in trade creditors is £135,800 (2023 - £37,798) due to Basingstoke Pressure Vessels and Pipework Limited, a company of which D Collier and A Cole are directors.

Included in trade debtors is £Nil (2023 - £22,753.20) due from Basingstoke Pressure Vessels and Pipework Limited, a company of which D Collier and A Cole are directors.

12. Retirement benefit schemes

Defined contribution schemes

2024 2023
£    £   

Charge to profit or loss in respect of defined contribution schemes 109,813 9,015

The company operates a defined contribution pension scheme for all qualifying employees and directors. The assets of the scheme are held separately from those of the company in an independently administered fund.