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REGISTERED NUMBER: 09888120 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Smartflow Couplings Ltd

Smartflow Couplings Ltd (Registered number: 09888120)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smartflow Couplings Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M O Allerbjer



REGISTERED OFFICE: Unit 14 The Enterprise Village
Prince Albert Gardens
Grimsby
Lincolnshire
DN31 3AT



REGISTERED NUMBER: 09888120 (England and Wales)



SENIOR STATUTORY AUDITOR: A A Houston



AUDITORS: R J Francis & Co Limited
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Smartflow Couplings Ltd (Registered number: 09888120)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,104 17,292
16,104 17,292

CURRENT ASSETS
Stocks 154,264 112,087
Debtors 6 53,572 61,341
Cash at bank 30,219 -
238,055 173,428
CREDITORS
Amounts falling due within one year 7 99,968 31,394
NET CURRENT ASSETS 138,087 142,034
TOTAL ASSETS LESS CURRENT LIABILITIES 154,191 159,326

CREDITORS
Amounts falling due after more than one
year

8

235,000

168,922
NET LIABILITIES (80,809 ) (9,596 )

CAPITAL AND RESERVES
Called up share capital 111 111
Share premium 29,989 29,989
Retained earnings (110,909 ) (39,696 )
(80,809 ) (9,596 )

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 director and authorised for issue on 18 March 2025 and were signed by:





M O Allerbjer - Director


Smartflow Couplings Ltd (Registered number: 09888120)

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

1. STATUTORY INFORMATION

Smartflow Couplings Ltd 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

Basis of preparing the financial statements
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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern
The management has assessed Smartflow Couplings Ltd's ability to continue as a going concern and believe there are no uncertainties that cast significant doubt on the company's ability to continue its operations from the date of this report.

The company has access to financing to meet its obligations as they fall due and management are confident the company will continue to trade for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 20% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and 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.


Smartflow Couplings Ltd (Registered number: 09888120)

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

2. ACCOUNTING POLICIES - continued
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.

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

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 5,563
AMORTISATION
At 1 January 2024
and 31 December 2024 5,563
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Smartflow Couplings Ltd (Registered number: 09888120)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 32,372 2,927 35,299
Additions - 3,288 3,288
Disposals (316 ) - (316 )
At 31 December 2024 32,056 6,215 38,271
DEPRECIATION
At 1 January 2024 16,208 1,799 18,007
Charge for year 2,358 1,802 4,160
At 31 December 2024 18,566 3,601 22,167
NET BOOK VALUE
At 31 December 2024 13,490 2,614 16,104
At 31 December 2023 16,164 1,128 17,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,926 61,341
Other debtors 11,646 -
53,572 61,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,673 18,434
Trade creditors 20,757 4,497
Amounts owed to group undertakings 64,081 -
Taxation and social security 934 6,518
Other creditors 5,523 1,945
99,968 31,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 168,922
Amounts owed to group undertakings 235,000 -
235,000 168,922

Smartflow Couplings Ltd (Registered number: 09888120)

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

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

The Report of the Auditors was unqualified.

A A Houston (Senior Statutory Auditor)
for and on behalf of R J Francis & Co Limited

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Cejn UK Limited registration number: 07125622. Company registration address: Units 31 & 32, Three Elms Trading Estate, Hereford, HR4 9PU.