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REGISTERED NUMBER: 10441605 (England and Wales)















FLAWSOME BRANDS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAWSOME BRANDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: M Kacprzyk
K Sudenyte
S Giolito
S Drury
R J Briggs





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 10441605 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,162 9,961
Investments 5 998 998
11,160 10,959

CURRENT ASSETS
Stocks 332,240 204,581
Debtors 6 465,439 207,124
Cash at bank 294,301 316,429
1,091,980 728,134
CREDITORS
Amounts falling due within one year 7 265,604 148,651
NET CURRENT ASSETS 826,376 579,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

837,536

590,442

CREDITORS
Amounts falling due after more than one
year

8

5,043

15,043
NET ASSETS 832,493 575,399

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

BALANCE SHEET - continued
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 166 166
Share premium 948,229 928,211
Retained earnings (115,902 ) (352,978 )
SHAREHOLDERS' FUNDS 832,493 575,399

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

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

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th April 2025 and were signed on its behalf by:





M Kacprzyk - Director


FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Flawsome Brands 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.

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
Tooling - 50% on cost
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and Loss, 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.


FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Tooling equipment Totals
£    £    £    £   
COST
At 1st January 2024 2,937 4,852 8,615 16,404
Additions 750 3,871 1,531 6,152
At 31st December 2024 3,687 8,723 10,146 22,556
DEPRECIATION
At 1st January 2024 1,193 1,856 3,394 6,443
Charge for year 412 3,897 1,642 5,951
At 31st December 2024 1,605 5,753 5,036 12,394
NET BOOK VALUE
At 31st December 2024 2,082 2,970 5,110 10,162
At 31st December 2023 1,744 2,996 5,221 9,961

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st January 2024
and 31st December 2024 998
NET BOOK VALUE
At 31st December 2024 998
At 31st December 2023 998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 391,673 140,233
Directors' current accounts 7,420 -
Prepayments and accrued income 66,346 66,891
465,439 207,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 116,000 90,796
Amounts owed to group undertakings 998 998
Social security and other taxes 4,903 10,445
VAT 39,371 19,030
Other creditors 11,894 9,024
Accruals and deferred income 82,438 8,358
265,604 148,651

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,043 15,043

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,000 Ordinary 1p 120 120

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
4,609 B Ordinary 1p 46 46

The following shares were issued during the year:

45 B Ordinary shares of 1p for cash of £ 20,018

10. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due from M Kacprzyk of £7,420 (2023 - £nil).