REGISTERED NUMBER: 06497490 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Flexicon UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

N M Carmichael

J A Perkins

SECRETARY:

J A Perkins

REGISTERED OFFICE:

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

BUSINESS ADDRESS:

1 Larchlea Trading Estate

Liverpool

L6 5BN

REGISTERED NUMBER:

06497490 (England and Wales)

ACCOUNTANTS:

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

FIXED ASSETS

Tangible assets

4

176,001

101,287

Investments

5

895,524

866,459

1,071,525

967,746

CURRENT ASSETS

Stocks

109,856

163,508

Debtors

6

945,548

1,159,417

Cash at bank and in hand

467,663

187,385

1,523,067

1,510,310

CREDITORS

Amounts falling due within one year

7

201,220

225,634

NET CURRENT ASSETS

1,321,847

1,284,676

TOTAL ASSETS LESS CURRENT LIABILITIES

2,393,372

2,252,422

PROVISIONS FOR LIABILITIES

54,779

31,693

NET ASSETS

2,338,593

2,220,729

CAPITAL AND RESERVES

Called up share capital

102

102

Non-distributable reserve

9

90,971

62,885

Retained earnings

9

2,247,520

2,157,742

SHAREHOLDERS' FUNDS

2,338,593

2,220,729

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

N M Carmichael - Director

1.	STATUTORY INFORMATION

Flexicon UK 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 as modified by the revaluation of certain assets.

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 etc

-

25% on reducing balance

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 Profit and loss account, 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 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.

Investments

Investments are included at fair value with any gain or loss arising from changes in fair value being recognised in the profit and loss account. Deferred tax is provided on the gain or loss at the current tax rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

304,973

Additions

104,582

Disposals

(6,350

)

At 31 March 2025

403,205

DEPRECIATION

At 1 April 2024

203,686

Charge for year

29,020

Eliminated on disposal

(5,502

)

At 31 March 2025

227,204

NET BOOK VALUE

At 31 March 2025

176,001

At 31 March 2024

101,287

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

866,459

Revaluations

29,065

At 31 March 2025

895,524

NET BOOK VALUE

At 31 March 2025

895,524

At 31 March 2024

866,459

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2023

5,436

Valuation in 2024

61,023

Valuation in 2025

29,065

Cost

800,000

895,524

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

377,066

289,252

Other debtors

456,126

660,167

833,192

949,419

Amounts falling due after more than one year:

Other debtors

112,356

209,998

Aggregate amounts

945,548

1,159,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

99,134

137,577

Taxation and social security

88,741

75,449

Other creditors

13,345

12,608

201,220

225,634

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

14,747

14,317

Between one and five years

30,832

45,579

45,579

59,896

The company has entered into a five year lease for the rental of its business premises which expires in March 2028. The amounts shown are the total cost payable over the remainder of the lease.

9.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1 April 2024

2,157,742

62,885

2,220,627

Profit for the year

128,754

-

128,754

Dividends

(2,000

)

-

(2,000

)

Revaluation adjustment

(36,976

)

36,977

1

Deferred tax

-

(8,891

)

(8,891

)

At 31 March 2025

2,247,520

90,971

2,338,491

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J A Perkins

Balance outstanding at start of year

79,321

63,181

Amounts advanced

50,744

20,640

Amounts repaid

(4,000

)

(4,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,065

79,321

N M Carmichael

Balance outstanding at start of year

562,284

534,793

Amounts advanced

54,861

28,491

Amounts repaid

(400,500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

216,645

562,284

The loans due from the directors to the company are interest free, unsecured and repayable on demand.

The total balance of the directors' loan accounts of £342,710 (2024 - £641,605) is included in Note 6 Debtors in the Other debtors balance under Amounts falling due within one year of £456,126 (2024 - £660,167).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flexicon UK Limited for the year ended 31 March 2025 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Flexicon UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flexicon UK Limited and state those matters that we have agreed to state to the Board of Directors of Flexicon UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flexicon UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flexicon UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flexicon UK Limited. You consider that Flexicon UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flexicon UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

5 September 2025