Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07575803 2023-04-01 2024-03-31 07575803 2022-04-01 2023-03-31 07575803 2024-03-31 07575803 2023-03-31 07575803 c:Director1 2023-04-01 2024-03-31 07575803 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 07575803 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 07575803 d:CurrentFinancialInstruments 2024-03-31 07575803 d:CurrentFinancialInstruments 2023-03-31 07575803 d:Non-currentFinancialInstruments 2024-03-31 07575803 d:Non-currentFinancialInstruments 2023-03-31 07575803 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07575803 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07575803 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07575803 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07575803 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07575803 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07575803 d:ShareCapital 2024-03-31 07575803 d:ShareCapital 2023-03-31 07575803 d:SharePremium 2024-03-31 07575803 d:SharePremium 2023-03-31 07575803 d:RetainedEarningsAccumulatedLosses 2024-03-31 07575803 d:RetainedEarningsAccumulatedLosses 2023-03-31 07575803 c:FRS102 2023-04-01 2024-03-31 07575803 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07575803 c:FullAccounts 2023-04-01 2024-03-31 07575803 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07575803 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 07575803 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-03-31 07575803 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07575803









FLOBACK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FLOBACK LIMITED
REGISTERED NUMBER: 07575803

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,069
8,743

  
18,069
8,743

Current assets
  

Stocks
  
-
5,000

Debtors: amounts falling due within one year
 5 
9,550
9,295

Cash at bank and in hand
 6 
38
210

  
9,588
14,505

Creditors: amounts falling due within one year
 7 
(1,512)
-

Net current assets
  
 
 
8,076
 
 
14,505

Total assets less current liabilities
  
26,145
23,248

Creditors: amounts falling due after more than one year
 8 
(2,630,170)
(2,617,096)

  

Net liabilities
  
(2,604,025)
(2,593,848)


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Share premium account
  
57,235
57,235

Profit and loss account
  
(2,761,260)
(2,751,083)

  
(2,604,025)
(2,593,848)


Page 1

 
FLOBACK LIMITED
REGISTERED NUMBER: 07575803
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Clare
Director

Date: 26 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FLOBACK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The legal form of the entity is a private company limited by shares and is incorporated and domiciled in England and Wales (registration number: 07575803). The address of the company's registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position, the company has obtained the support of its shareholders in order to meet its debts as they fall due. The directors are confident that this support will continue for the foreseeable future. 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.                                                                                                                                            

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
FLOBACK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
FLOBACK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Patents

£



Cost


At 1 April 2023
134,965


Additions
11,000



At 31 March 2024

145,965



Amortisation


At 1 April 2023
126,222


Charge for the year on owned assets
1,674



At 31 March 2024

127,896



Net book value



At 31 March 2024
18,069



At 31 March 2023
8,743




5.


Debtors

2024
2023
£
£


Other debtors
9,550
9,295

9,550
9,295



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38
210

Less: bank overdrafts
(12)
-

26
210


Page 5

 
FLOBACK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
12
-

Accruals and deferred income
1,500
-

1,512
-



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
43,060
43,033

Loan notes
597,765
597,765

Trade creditors
293,037
294,286

Other creditors
270,108
252,688

Accruals and deferred income
1,426,200
1,429,324

2,630,170
2,617,096


Included within loan notes is £597,765 in respect of 10% Unsecured Loan Notes 2016.  The loan notes are repayable in full on sale or flotation of the company.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
43,060
43,033

Loan notes
597,765
597,765


640,825
640,798


640,825
640,798


 
Page 6