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REGISTERED NUMBER: 11462449 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Flutterlab Ltd

Flutterlab Ltd (Registered number: 11462449)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flutterlab Ltd

Company Information
for the Year Ended 31 December 2024







Directors: N S Munro
A Munro
A M Aguilar





Registered office: 1 Kilmorey Park Road
Chester
CH2 3QT





Registered number: 11462449 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Flutterlab Ltd (Registered number: 11462449)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
Fixed assets
Intangible assets 4 14,054 17,224
Tangible assets 5 1,340 2,160
15,394 19,384

Current assets
Debtors 6 28,880 94,943
Cash at bank 4,781 30,618
33,661 125,561
Creditors
Amounts falling due within one year 7 175,387 219,070
Net current liabilities (141,726 ) (93,509 )
Total assets less current liabilities (126,332 ) (74,125 )

Capital and reserves
Called up share capital 8 8,444 7,765
Share premium 1,136,550 787,230
Retained earnings (1,271,326 ) (869,120 )
Shareholders' funds (126,332 ) (74,125 )

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.

Flutterlab Ltd (Registered number: 11462449)

Statement of Financial Position - 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 2 June 2025 and were signed on its behalf by:





N S Munro - Director


Flutterlab Ltd (Registered number: 11462449)

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

1. Statutory information

Flutterlab 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.

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Patents are being amortised evenly over their estimated useful life of five years.

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 - 25% 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 statement of financial position date.


Flutterlab Ltd (Registered number: 11462449)

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 statement of financial position 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.

Going concern
The financial statements have been prepared on the going concern basis of accounting, on the assumption that the directors will provide financial support to enable the company to meet its liabilities, which exceeded its assets at 31 December 2024.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Intangible fixed assets
Patents
£   
Cost
At 1 January 2024 25,730
Additions 2,470
At 31 December 2024 28,200
Amortisation
At 1 January 2024 8,506
Amortisation for year 5,640
At 31 December 2024 14,146
Net book value
At 31 December 2024 14,054
At 31 December 2023 17,224

Flutterlab Ltd (Registered number: 11462449)

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

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 January 2024
and 31 December 2024 3,454
Depreciation
At 1 January 2024 1,294
Charge for year 820
At 31 December 2024 2,114
Net book value
At 31 December 2024 1,340
At 31 December 2023 2,160

6. Debtors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Other debtors 28,880 94,943

7. Creditors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Trade creditors 29,735 41,142
Taxation and social security 12,461 2,196
Other creditors 133,191 175,732
175,387 219,070

Included in Other creditors at 31 December 2024 is £55,749 representing the receipt in advance of part of the consideration for the issue of Ordinary shares in 2025. Included in Other creditors at 31 December 2023 is £106,754 representing the receipt in advance of part of the consideration for the issue of Ordinary shares in 2024.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
844,430 Ordinary £0.01 8,444 7,765

On 5 April 2024, 67,961 £0.01 Ordinary shares were issued for cash at £5.15 per share.

Flutterlab Ltd (Registered number: 11462449)

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

9. Post balance sheet events

In 2025, 10,825 Ordinary shares of £0.01 were issued for cash at £5.15 per share. The total share capital after this issue was £8,553 and the balance on the Share Premium account was £1,192,190. Of the consideration due for this share issue, £55,749 had been received by 31 December 2024.