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REGISTERED NUMBER: 13090566 (England and Wales)
















FLAIR SHOWERS (UK) LIMITED

Financial Statements for the Year Ended 31 December 2024






FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)







Contents of the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024





Page




Statement of Financial Position  

1




Notes to the Financial Statements  

2




FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Statement of Financial Position

31 DECEMBER 2024


2024

2023



Notes

£

£

NON-CURRENT ASSETS

Tangible assets

5

152,342


135,036




CURRENT ASSETS

Stocks

6

888,238


1,287,143



Receivables: amounts falling due within

one year

7

4,954,157


3,328,683



Cash at bank

251,922


303,278



6,094,317


4,919,104



PAYABLES

Amounts falling due within one year

8

(7,577,961

)

(6,093,196

)


NET CURRENT LIABILITIES

(1,483,644

)

(1,174,092

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(1,331,302

)

(1,039,056

)



PAYABLES

Amounts falling due after more than

one year

9

(36,825

)

-



NET LIABILITIES

(1,368,127

)

(1,039,056

)



CAPITAL AND RESERVES

Called up share capital

1


1



Retained earnings

(1,368,128

)

(1,039,057

)


(1,368,127

)

(1,039,056

)



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 30 April 2025 and were signed on its behalf by:






Martin Murphy - Director



FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024


1.

STATUTORY INFORMATION



Flair Showers (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:



Registered number:

13090566



Registered office:

Britannia House Austin Way


Hamstead Industrial Estate


Birmingham


West Midlands


B42 1DU


2.

STATEMENT OF COMPLIANCE



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.  


3.

ACCOUNTING POLICIES



Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical costs convention. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Going Concern
The financial statements have been prepared on a going concern basis, not withstanding the fact that the company had net current liabilities of £1,483,644 and had total net liabilities of £1,368,127. The company generated a loss before tax of £329,071.

The company commenced trading during 2022 and the current directors are reviewing revenue streams and costs to establish the company in its new market and ensure that the company will trade profitability in the near future. Management have prepared forecasts which demonstrate that the Company may require some support from its fellow group companies in the next 12 months to help support the company.

The directors have obtained confirmation from the group's parent company, Ardtir Investments Ltd, that the company has underlying support for a period of at least 12 months from the date of signing these financial statements and are satisfied that they can demonstrate a strong financial position to withstand potential future challenges or cash flow requirements for the foreseeable future.

It is on this basis, that the directors have prepared the financial statements on a going concern basis.


Related party exemption


The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024


3.

ACCOUNTING POLICIES - continued



Revenue


Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.



Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:



Sale of goods:


Revenue from the sale of goods is recognised when all of the following conditions are satisfied:


- the significant risks and rewards of ownership have been transferred to the buyer;


- the company retains no continuing involvement or control over the goods;


- the amount of revenue can be measured reliably;


- it is probable that future economic benefits will flow through the company


- the costs incurred or to be incurred in respect of the transaction can be measured reliably.



Property, plant and equipment


Property , plant and equipment are stated at cost less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of property, plant and equipment, less their estimated residual value, over their expected useful lives.



Motor Vehicles - 20% straight line



The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.



Inventories


Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.


FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024


3.

ACCOUNTING POLICIES - continued



Financial instruments

The company have chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts
owed by related parties and are initially recognised at transaction price, unless the arrangement
constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at
amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted at the
asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment
was recognised, the impairment is reversed. The reversal is such that the current carrying amount
does not exceed what the carrying amount would have been had the impairment not previously
been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset
are transferred to another party or (c) despite having retained some significant risks and rewards
of ownership, control of the asset has been transferred to another party who has the practical
ability to unilaterally sell the asset to an unrelated third party without imposing additional
restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and
amounts owed to related parties are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future receipts discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the
establishment of loan facilities are recognised as transaction costs of the loan to the extent that it
is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until
the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the
facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and
amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if payment
is due within one year or less. If not, they are presented as non-current liabilities. Trade payables
are recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024


3.

ACCOUNTING POLICIES - continued


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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.



Deferred tax


Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.



Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.


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.



Cash flow statement


The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.



Share capital



Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


4.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 11 (2023 - 11 ) .


FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024


5.

PROPERTY, PLANT AND EQUIPMENT

Motor


vehicles



£


COST


At 1 January 2024

221,957




Additions

65,810




At 31 December 2024

287,767




DEPRECIATION


At 1 January 2024

86,921




Charge for year

48,504




At 31 December 2024

135,425




NET BOOK VALUE


At 31 December 2024

152,342




At 31 December 2023

135,036




The net book value of tangible fixed assets includes amounts of £ 62,520 (2023: £Nil) in respect of assets held under hire purchase agreements.

6.

STOCKS

2024

2023



£

£


Inventories

888,238


1,287,143




7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Trade debtors

810,831


497,004




Amounts owed by group undertakings

2,804,918


2,825,925




Amounts owed by related parties

1,321,826


924




Other debtors

16,582


4,830



4,954,157


3,328,683




Amounts owed by group undertakings and related parties are unsecured, interest free and repayable on demand.

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Bank loans and overdrafts

133,666


498




Hire purchase contracts

9,822


-




Trade payables

413,831


320,694




Amounts owed to group undertakings

6,711,137


5,579,255




Amounts owed to related parties

8,497


933




Taxation and social security

114,156


69,165




Other payables

186,852


122,651



7,577,961


6,093,196




Amounts owed to group undertakings and related parties are unsecured, interest free and repayable on demand.

FLAIR SHOWERS (UK) LIMITED (REGISTERED NUMBER: 13090566)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024


9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR


2024

2023



£

£


Hire purchase contracts

36,825


-




10.

DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006



The Auditors' Report was unqualified.



Mr. Ryan Falls (FCA) (Senior Statutory Auditor)


for and on behalf of Cooper Parry Audit (Ireland) Limited


11.

RELATED PARTY DISCLOSURES


The following entities are regarded as related parties due to common directors and shareholders.

-Marflow Engineering Limited
-Sanbra Ltd
-Sanbra Fyffe Ltd
-John Riddel and Son Limited
-R.T Large (N.I.) Ltd

Amounts owed to/by Flair Showers (UK) Ltd at year end:

20242023
Amounts (owed to)Amounts (owed to)
/by Flair Showers UK Ltd /by Flair Showers UK Ltd
£   £   
Marflow Engineering Limited(871,314)-
Sanbra Ltd(450,000)(924)
Sanbra Fyffe Ltd(512)-
John Riddel and Son Limited6,733-
RT Large (N.I.) Ltd1,764933


12.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is Ardtir Investments Ltd.


The company regards Flair Showers Limited, a company registered in the Republic Of Ireland, as
its immediate parent company. The ultimate parent and the largest and smallest group financial
statements that consolidate this company is Ardtir Investments Ltd.