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REGISTERED NUMBER: 08252543 (England and Wales)



















FLOOD PROTECTION SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






FLOOD PROTECTION SOLUTIONS LIMITED (REGISTERED NUMBER: 08252543)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


FLOOD PROTECTION SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr S Crowther





SECRETARY: Mr S Crowther





REGISTERED OFFICE: The Pastures, Unit 36
Criftin Enterprise Centre
Oxton Road, Epperstone
NOTTINGHAM
NG14 6AT





REGISTERED NUMBER: 08252543 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

FLOOD PROTECTION SOLUTIONS LIMITED (REGISTERED NUMBER: 08252543)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,264 26,490

CURRENT ASSETS
Stocks 4,788 7,694
Debtors 5 25,881 20,088
Cash at bank 268,874 207,229
299,543 235,011
CREDITORS
Amounts falling due within one year 6 119,526 78,624
NET CURRENT ASSETS 180,017 156,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,281

182,877

CREDITORS
Amounts falling due after more than one
year

7

30,574

33,750
NET ASSETS 182,707 149,127

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 181,707 148,127
SHAREHOLDERS' FUNDS 182,707 149,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





Mr S Crowther - Director


FLOOD PROTECTION SOLUTIONS LIMITED (REGISTERED NUMBER: 08252543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Flood Protection Solutions 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost
includes costs directly attributable to making the asset capable of operating as intended.

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 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.

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.

FLOOD PROTECTION SOLUTIONS LIMITED (REGISTERED NUMBER: 08252543)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 15,188 442 46,601 12,184 74,415
Additions - 2,478 10,900 4,482 17,860
At 31 October 2024 15,188 2,920 57,501 16,666 92,275
DEPRECIATION
At 1 November 2023 12,320 349 24,121 11,135 47,925
Charge for year 574 514 8,346 1,652 11,086
At 31 October 2024 12,894 863 32,467 12,787 59,011
NET BOOK VALUE
At 31 October 2024 2,294 2,057 25,034 3,879 33,264
At 31 October 2023 2,868 93 22,480 1,049 26,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,217 8,386
Other debtors 8,675 8,042
Prepayments 4,989 3,660
25,881 20,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,200 5,000
Corporation tax 45,646 26,521
Social security and other taxes 3,771 327
VAT 43,833 25,500
Other creditors 2,423 2,159
Directors' current accounts 9,796 10,695
Accruals and deferred income 8,857 8,422
119,526 78,624

FLOOD PROTECTION SOLUTIONS LIMITED (REGISTERED NUMBER: 08252543)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 20,800 20,000
Bank loans >5 yr (instalments) 9,774 13,750
30,574 33,750

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 9,774 13,750

8. CALLED UP SHARE CAPITAL

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