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REGISTERED NUMBER: 03430666 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOFLASH SIGNALLING LIMITED

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)






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


MOFLASH SIGNALLING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr M A Bailey
Mr S H Evans





SECRETARY: Mr M A Bailey





REGISTERED OFFICE: 11 Upper Conybere Street
Highgate
Birmingham
B12 0EB





REGISTERED NUMBER: 03430666 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 297,020 395,152
Tangible assets 5 311,626 357,704
608,646 752,856

CURRENT ASSETS
Stocks 1,038,197 905,265
Debtors 6 811,367 828,463
Cash at bank 473,948 85,217
2,323,512 1,818,945
CREDITORS
Amounts falling due within one year 7 1,017,158 960,373
NET CURRENT ASSETS 1,306,354 858,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,915,000

1,611,428

CREDITORS
Amounts falling due after more than one
year

8

(146,599

)

(194,002

)

PROVISIONS FOR LIABILITIES 12 (53,924 ) (62,958 )
NET ASSETS 1,714,477 1,354,468

CAPITAL AND RESERVES
Called up share capital 13 200,000 200,000
Retained earnings 1,514,477 1,154,468
SHAREHOLDERS' FUNDS 1,714,477 1,354,468

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.

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr M A Bailey - Director


MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Moflash Signalling 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

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.

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

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the term of the lease
Plant and machinery - 15% and 20% 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 Statement of Income and Retained Earnings, 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.


MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
Goodwill property Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 913,064 184,501 1,097,565
AMORTISATION
At 1 January 2024 517,912 184,501 702,413
Amortisation for year 98,132 - 98,132
At 31 December 2024 616,044 184,501 800,545
NET BOOK VALUE
At 31 December 2024 297,020 - 297,020
At 31 December 2023 395,152 - 395,152

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 186,742 856,132 1,042,874
Additions - 15,945 15,945
At 31 December 2024 186,742 872,077 1,058,819
DEPRECIATION
At 1 January 2024 84,825 600,345 685,170
Charge for year 9,228 52,795 62,023
At 31 December 2024 94,053 653,140 747,193
NET BOOK VALUE
At 31 December 2024 92,689 218,937 311,626
At 31 December 2023 101,917 255,787 357,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 591,346 610,815
Amounts owed by group undertakings 157,294 157,294
Other debtors 62,727 60,354
811,367 828,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,376 34,664
Hire purchase contracts (see note 10) 47,894 24,138
Trade creditors 327,502 235,428
Taxation and social security 236,954 166,794
Other creditors 394,432 499,349
1,017,158 960,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 5,266 15,645
Hire purchase contracts (see note 10) 141,333 178,357
146,599 194,002

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 24,544
Bank loans 10,376 10,120
Other loans 20,000 82,151
30,376 116,815

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,266 10,376

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,269

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 47,894 24,138
Between one and five years 141,333 178,357
189,227 202,495

Non-cancellable operating leases
2024 2023
£    £   
Within one year 90,000 90,000
Between one and five years 360,000 360,000
In more than five years 367,500 457,500
817,500 907,500

MOFLASH SIGNALLING LIMITED (REGISTERED NUMBER: 03430666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 24,544
Hire purchase contracts 189,227 202,495
189,227 227,039

Bank overdrafts are secured by way of a fixed charge over the company's assets.

Hire purchase contracts are secured against the assets to which they relate to by way of a fixed charge.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 53,924 62,958

Deferred
tax
£   
Balance at 1 January 2024 62,958
Accelerated capital allowances (9,034 )
Balance at 31 December 2024 53,924

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary £1 200,000 200,000