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REGISTERED NUMBER: 00737906 (England and Wales)








Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended

31 July 2024

for

Easiflo Investments Limited

Easiflo Investments Limited (Registered number: 00737906)






Contents of the Consolidated Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Consolidated Income Statement 6

Consolidated Balance Sheet 7

Company Balance Sheet 8

Consolidated Statement of Changes in Equity 9

Company Statement of Changes in Equity 10

Notes to the Consolidated Financial Statements 11


Easiflo Investments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss S P Evans
Mrs K A Nicholls
Mrs V Green
R Nicholls





SECRETARY: Miss S P Evans





REGISTERED OFFICE: Unit G
Brockmoor Park Industrial Estate
Moor Street
Brierley Hill
West Midlands
DY5 3TG





REGISTERED NUMBER: 00737906 (England and Wales)





AUDITORS: DJH Audit Limited
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Easiflo Investments Limited (Registered number: 00737906)

Report of the Directors
for the Year Ended 31 July 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 July 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2014 to the date of this report.

Ms S P Roberts
Mrs K A Nicholls
Mrs V Green
R Nicholls

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, DJH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs K A Nicholls - Director


30 April 2025

Report of the Independent Auditors to the Members of
Easiflo Investments Limited

Opinion
We have audited the financial statements of Easiflo Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2024 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Easiflo Investments Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess risks of material misstatement of the financial statements, whether due to fraud and error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry, control environment and business performance;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we have identified having reviewed the company's procedures for complying with laws and regulations and whether they were aware of any instances of non-compliance. The key laws and regulations we considered in this context included the Companies Act 2006.

As a result of these procedures we considered the opportunities that may exist within the organisation for fraud resulting in material misstatement in the financial statements. We considered that any such opportunities are mitigated by the fact that the company is under the close control of its directors.
Our procedures to arrive at this conclusion included the following:

- reviewing balance sheet control accounts to ensure properly reconciled;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- enquiring with management concerning actual and potential litigation claims.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Easiflo Investments Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of DJH Audit Limited
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

8 May 2025

Easiflo Investments Limited (Registered number: 00737906)

Consolidated Income Statement
for the Year Ended 31 July 2024

2024 2023
Notes £    £    £    £   

TURNOVER 2,043,620 2,072,961

Cost of sales 1,261,858 1,416,925
GROSS PROFIT 781,762 656,036

Distribution costs 127,013 119,427
Administrative expenses 593,456 518,599
720,469 638,026
61,293 18,010

Other operating income 92,494 79,177
OPERATING PROFIT 153,787 97,187

Income from fixed asset investments 3,286 2,797
Interest receivable and similar income 45,996 7,263
49,282 10,060
203,069 107,247
Gain/loss on revaluation of investment
property

-

(92,000

)
PROFIT BEFORE TAXATION 203,069 15,247

Tax on profit 4 52,181 28,325
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

150,888

(13,078

)

Profit/(loss) attributable to:
Owners of the parent 150,888 (13,078 )

Easiflo Investments Limited (Registered number: 00737906)

Consolidated Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 392,887 415,186
Investments 7 177,404 163,096
Investment property 8 453,000 453,000
1,023,291 1,031,282

CURRENT ASSETS
Stocks 479,616 509,143
Debtors 9 472,315 334,793
Cash at bank and in hand 1,695,877 1,579,402
2,647,808 2,423,338
CREDITORS
Amounts falling due within one year 10 399,939 334,348
NET CURRENT ASSETS 2,247,869 2,088,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,271,160

3,120,272

CAPITAL AND RESERVES
Called up share capital 273,486 273,486
Share premium 11 13,581 13,581
Retained earnings 11 2,984,093 2,833,205
SHAREHOLDERS' FUNDS 3,271,160 3,120,272

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mrs K A Nicholls - Director


Easiflo Investments Limited (Registered number: 00737906)

Company Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 375,312 391,241
Investments 7 309,367 297,559
Investment property 8 453,000 453,000
1,137,679 1,141,800

CURRENT ASSETS
Debtors 9 74,074 46,353
Cash at bank 1,265,378 1,289,882
1,339,452 1,336,235
CREDITORS
Amounts falling due within one year 10 189,355 261,765
NET CURRENT ASSETS 1,150,097 1,074,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,287,776

2,216,270

CAPITAL AND RESERVES
Called up share capital 273,486 273,486
Share premium 11 13,581 13,581
Retained earnings 11 2,000,709 1,929,203
SHAREHOLDERS' FUNDS 2,287,776 2,216,270

Company's profit/(loss) for the financial year 71,506 (87,780 )

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mrs K A Nicholls - Director


Easiflo Investments Limited (Registered number: 00737906)

Consolidated Statement of Changes in Equity
for the Year Ended 31 July 2024

Called up Fair
share Retained Share value Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 August 2022 273,486 2,789,179 13,581 57,104 3,133,350

Changes in equity
Total comprehensive income - 44,026 - (57,104 ) (13,078 )
Balance at 31 July 2023 273,486 2,833,205 13,581 - 3,120,272

Changes in equity
Total comprehensive income - 150,888 - - 150,888
Balance at 31 July 2024 273,486 2,984,093 13,581 - 3,271,160

Easiflo Investments Limited (Registered number: 00737906)

Company Statement of Changes in Equity
for the Year Ended 31 July 2024

Called up Fair
share Retained Share value Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 August 2022 273,486 1,959,879 13,581 57,104 2,304,050

Changes in equity
Total comprehensive income - (30,676 ) - (57,104 ) (87,780 )
Balance at 31 July 2023 273,486 1,929,203 13,581 - 2,216,270

Changes in equity
Total comprehensive income - 71,506 - - 71,506
Balance at 31 July 2024 273,486 2,000,709 13,581 - 2,287,776

Easiflo Investments Limited (Registered number: 00737906)

Notes to the Consolidated Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Easiflo Investments 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 General 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 as modified by the revaluation of certain assets, and on a going concern basis except that appropriate adjustments have been made to write down relevant assets and liabilities to a liquidation basis in the subsidiary Dyson Pressworks Limited which is expected to cease trading shortly after the year end.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on reducing balance

Freehold land is not depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are stated at fair value where that can be reliably determined. All gains and losses on investments are dealt with in the income statement. Investment income is credited to income as receivable.

Easiflo Investments Limited (Registered number: 00737906)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 52,181 28,324
Taxation earlier years - 1

Tax on profit 52,181 28,325

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. TANGIBLE FIXED ASSETS

Group
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 777,776 326,325 1,104,101
Additions - 340 340
Disposals - (2,222 ) (2,222 )
At 31 July 2024 777,776 324,443 1,102,219
DEPRECIATION
At 1 August 2023 392,988 295,927 688,915
Charge for year 14,315 8,324 22,639
Eliminated on disposal - (2,222 ) (2,222 )
At 31 July 2024 407,303 302,029 709,332
NET BOOK VALUE
At 31 July 2024 370,473 22,414 392,887
At 31 July 2023 384,788 30,398 415,186

Easiflo Investments Limited (Registered number: 00737906)

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

6. TANGIBLE FIXED ASSETS - continued

Company
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 777,776 53,740 831,516
DEPRECIATION
At 1 August 2023 392,988 47,287 440,275
Charge for year 14,315 1,614 15,929
At 31 July 2024 407,303 48,901 456,204
NET BOOK VALUE
At 31 July 2024 370,473 4,839 375,312
At 31 July 2023 384,788 6,453 391,241

7. FIXED ASSET INVESTMENTS

Group
Other
investments
£   
COST
At 1 August 2023 163,096
Additions 41,370
Disposals (36,489 )
Revaluation 9,427
At 31 July 2024 177,404
NET BOOK VALUE
At 31 July 2024 177,404
At 31 July 2023 163,096
Company
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2023 134,463 163,096 297,559
Additions - 41,370 41,370
Disposals (2,500 ) (36,489 ) (38,989 )
Revaluation - 9,427 9,427
At 31 July 2024 131,963 177,404 309,367
NET BOOK VALUE
At 31 July 2024 131,963 177,404 309,367
At 31 July 2023 134,463 163,096 297,559

Easiflo Investments Limited (Registered number: 00737906)

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

7. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries


Dyson Products Limited
Registered office:
Nature of business: Electrical products
%
Class of shares: holding
Ordinary 100.00

Easiflo Fabrications Limited
Registered office:
Nature of business: Fabrications
%
Class of shares: holding
Ordinary 100.00

Easiflo Group Services Limited
Registered office:
Nature of business: Administration Services
%
Class of shares: holding
Ordinary 100.00


8. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 453,000
NET BOOK VALUE
At 31 July 2024 453,000
At 31 July 2023 453,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 453,000

Company
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 453,000
NET BOOK VALUE
At 31 July 2024 453,000
At 31 July 2023 453,000

Easiflo Investments Limited (Registered number: 00737906)

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

8. INVESTMENT PROPERTY - continued

Company

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 453,000

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 406,261 269,266 27,458 13,429
Amounts owed by group undertakings - - 11,812 -
Other debtors 66,054 65,527 34,804 32,924
472,315 334,793 74,074 46,353

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 155,122 172,134 - -
Amounts owed to group undertakings - - 149,317 234,007
Taxation and social security 94,544 65,470 26,807 17,207
Other creditors 150,273 96,744 13,231 10,551
399,939 334,348 189,355 261,765

11. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1 August 2023 2,833,205 13,581 2,846,786
Profit for the year 150,888 150,888
At 31 July 2024 2,984,093 13,581 2,997,674

Company
Retained Share
earnings premium Totals
£    £    £   

At 1 August 2023 1,929,203 13,581 1,942,784
Profit for the year 71,506 71,506
At 31 July 2024 2,000,709 13,581 2,014,290


12. OTHER FINANCIAL COMMITMENTS

The total amount of the company's and group's commitments, guarantees and contingencies at the end of the year was £54,006 (2023: £167,716), representing guarantees given in respect of subsidiary undertakings.