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REGISTERED NUMBER: 00228767 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2025

for

Flexo Springs Limited

Flexo Springs Limited (Registered number: 00228767)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flexo Springs Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr M W Fawcett
Mr T Fawcett
Mr J Hayward



SECRETARY: Mr M W Fawcett



REGISTERED OFFICE: Hill Street
Kingswood
Bristol
BS15 4HB



REGISTERED NUMBER: 00228767 (England and Wales)



ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY



BANKERS: Lloyds TSB Bank plc
Regent Street
Kingswood
Bristol
BS15 8HT

Flexo Springs Limited (Registered number: 00228767)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 562 2,812
Tangible assets 5 200,692 131,674
201,254 134,486

CURRENT ASSETS
Stocks 168,579 166,638
Debtors 6 103,594 96,977
Cash at bank and in hand 112,116 243,004
384,289 506,619
CREDITORS
Amounts falling due within one year 7 136,366 126,614
NET CURRENT ASSETS 247,923 380,005
TOTAL ASSETS LESS CURRENT LIABILITIES 449,177 514,491

CREDITORS
Amounts falling due after more than one year 8 (34,167 ) -

PROVISIONS FOR LIABILITIES (37,859 ) (24,685 )
NET ASSETS 377,151 489,806

CAPITAL AND RESERVES
Called up share capital 9 4,340 4,190
Share premium 10 1,899 1,899
Other reserves 10 21,131 21,131
Retained earnings 10 349,781 462,586
SHAREHOLDERS' FUNDS 377,151 489,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Flexo Springs Limited (Registered number: 00228767)

Balance Sheet - continued
31 March 2025


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 12 June 2025 and were signed on its behalf by:





Mr M W Fawcett - Director


Flexo Springs Limited (Registered number: 00228767)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Flexo Springs 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Flexo Springs Limited (Registered number: 00228767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 6,750
AMORTISATION
At 1 April 2024 3,938
Charge for year 2,250
At 31 March 2025 6,188
NET BOOK VALUE
At 31 March 2025 562
At 31 March 2024 2,812

Flexo Springs Limited (Registered number: 00228767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 537,665 33,562 8,959 580,186
Additions 96,680 - 566 97,246
At 31 March 2025 634,345 33,562 9,525 677,432
DEPRECIATION
At 1 April 2024 408,656 30,897 8,959 448,512
Charge for year 27,820 266 142 28,228
At 31 March 2025 436,476 31,163 9,101 476,740
NET BOOK VALUE
At 31 March 2025 197,869 2,399 424 200,692
At 31 March 2024 129,009 2,665 - 131,674

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 96,300
At 31 March 2025 96,300
DEPRECIATION
Charge for year 8,426
At 31 March 2025 8,426
NET BOOK VALUE
At 31 March 2025 87,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 100,625 91,230
Prepayments 2,969 5,747
103,594 96,977

Flexo Springs Limited (Registered number: 00228767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 10,000 -
Trade creditors 12,056 20,326
Amounts owed to group undertakings - 5,345
Tax - 8,552
Social security and other taxes 4,463 6,107
VAT 27,821 30,061
Other creditors 3,775 4,404
Accrued expenses 78,251 51,819
136,366 126,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 34,167 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
10,000 Ordinary £0.05 500 350
(31.3.24 - 6,999 )
3,840 8% Preference £1 3,840 3,840
4,340 4,190

The following shares were issued during the year for cash at par :

3,001 Ordinary shares of £0.05

10. RESERVES
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1 April 2024 462,586 1,899 21,131 485,616
Deficit for the year (12,027 ) (12,027 )
Dividends (100,778 ) (100,778 )
At 31 March 2025 349,781 1,899 21,131 372,811

11. RELATED PARTY DISCLOSURES

During the year a management charge of £104,000 (2024 - £84,000) was charged by a company under common control.

At the year-end date the company owed £0 to a company under common control (2024 - £5,345).