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REGISTERED NUMBER: 06006635 (England and Wales)











Financial Statements

for the Year Ended 31 December 2024

for

Flagpole Express Limited

Flagpole Express Limited (Registered number: 06006635)

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


Flagpole Express Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S D Bowmer
K P O'Connor





REGISTERED OFFICE: Unit 1 Heron Court
Merlin Way
Quarry Hill Industrial Estate
Ilkeston
Derbyshire
DE7 4RA





REGISTERED NUMBER: 06006635 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Flagpole Express Limited (Registered number: 06006635)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 67,900 75,247

CURRENT ASSETS
Stocks 93,709 104,122
Debtors 5 70,168 87,054
Cash at bank and in hand 201,465 246,034
365,342 437,210
CREDITORS
Amounts falling due within one year 6 181,832 232,895
NET CURRENT ASSETS 183,510 204,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,410

279,562

CREDITORS
Amounts falling due after more than one
year

7

(7,016

)

(16,889

)

PROVISIONS FOR LIABILITIES (16,690 ) (13,663 )
NET ASSETS 227,704 249,010

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 227,544 248,850
SHAREHOLDERS' FUNDS 227,704 249,010

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.

Flagpole Express Limited (Registered number: 06006635)

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 28 May 2025 and were signed on its behalf by:




S D Bowmer - Director



K P O'Connor - Director


Flagpole Express Limited (Registered number: 06006635)

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


1. STATUTORY INFORMATION

Flagpole Express 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

Principal accounting policies
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same financial statements.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Flagpole Express Limited (Registered number: 06006635)

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


2. ACCOUNTING POLICIES - continued
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 24,537 82,023 37,201
Additions - 4,492 -
Disposals - - (28,683 )
At 31 December 2024 24,537 86,515 8,518
DEPRECIATION
At 1 January 2024 24,537 56,970 32,932
Charge for year - 7,386 641
Eliminated on disposal - - (28,683 )
At 31 December 2024 24,537 64,356 4,890
NET BOOK VALUE
At 31 December 2024 - 22,159 3,628
At 31 December 2023 - 25,053 4,269

Flagpole Express Limited (Registered number: 06006635)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 82,931 18,331 245,023
Additions 18,427 1,499 24,418
Disposals (30,398 ) (4,859 ) (63,940 )
At 31 December 2024 70,960 14,971 205,501
DEPRECIATION
At 1 January 2024 43,462 11,875 169,776
Charge for year 5,993 1,988 16,008
Eliminated on disposal (14,901 ) (4,599 ) (48,183 )
At 31 December 2024 34,554 9,264 137,601
NET BOOK VALUE
At 31 December 2024 36,406 5,707 67,900
At 31 December 2023 39,469 6,456 75,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,791 82,876
Prepayments 7,377 4,178
70,168 87,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 33,925 21,161
Corporation tax 59,463 92,757
Social security and other taxes 28,997 27,124
Other creditors 404 355
Directors' current accounts 48,343 78,490
Accruals 700 3,008
181,832 232,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,016 16,889