Registration number: 06605957

Flexel 1986 Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 8

Flexel 1986 Limited

Company Information

Directors

Mr Anthony James Neale Mr Phillip Robert Neale Mr Peter Neale Mrs Karen Neale

Registered office

2 Moons Park Burnt Meadow Road Redditch Worcestershire B98 9PA

Accountants

Randhawa Enterprises Limited Just Nice House - Office 4 Millers Road Warwick Warwickshire CV34 5AE

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Flexel 1986 Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flexel 1986 Limited for the year ended 31 May 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Insitute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements. These are based on the principles approved by IFAC

This report is made solely to the Board of Directors of Flexel 1986 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Flexel 1986 Limited and state those matters that we have agreed to state to the Board of Directors of Flexel 1986 Limited, as a body, in this report in accordance with CIMA. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flexel 1986 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Flexel 1986 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Flexel 1986 Limited. You consider that Flexel 1986 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 accounts of Flexel 1986 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 accounts.

......................................

Randhawa Enterprises Limited
Just Nice House - Office 4
Millers Road
Warwick
Warwickshire
CV34 5AE

1 September 2025

Flexel 1986 Limited

(Registration number: 06605957)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	42,912	46,340
Current assets
Stocks	5	65,000	65,000
Debtors	6	214,813	203,527
Cash at bank and in hand		165,280	314,296
		445,093	582,823
Creditors: Amounts falling due within one year	7	(192,663)	(211,038)
Net current assets		252,430	371,785
Net assets		295,342	418,125
Capital and reserves
Called up share capital		103	103
Retained earnings		295,239	418,022
Shareholders' funds		295,342	418,125

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:
 

......................................... Mr Phillip Robert Neale Director

Flexel 1986 Limited

Statement of Changes in Equity for the Year Ended 31 May 2025

	Share capital £	Retained earnings £	Total £
At 1 June 2024	103	418,022	418,125
Profit for the year	-	59,080	59,080
Dividends	-	(181,863)	(181,863)
At 31 May 2025	103	295,239	295,342

	Share capital £	Retained earnings £	Total £
At 1 June 2023	103	408,717	408,820
Profit for the year	-	191,885	191,885
Dividends	-	(182,580)	(182,580)
At 31 May 2024	103	418,022	418,125

Flexel 1986 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Moons Park
Burnt Meadow Road
Redditch
Worcestershire
B98 9PA

These financial statements were authorised for issue by the Board on 1 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Flexel 1986 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, Fixtures & Equipment	15% Reducing balance
Other Tangible Assets	15% Reducing balance
Motor Vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 16).

Flexel 1986 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2024	16,024	42,655	81,109	139,788
Additions	6,888	-	-	6,888
Disposals	(9,834)	-	(655)	(10,489)
At 31 May 2025	13,078	42,655	80,454	136,187
Depreciation
At 1 June 2024	13,355	15,462	64,631	93,448
Charge for the year	413	6,799	2,414	9,626
Eliminated on disposal	(9,529)	-	(270)	(9,799)
At 31 May 2025	4,239	22,261	66,775	93,275
Carrying amount
At 31 May 2025	8,839	20,394	13,679	42,912
At 31 May 2024	2,669	27,193	16,478	46,340

5

Stocks

	2025 £	2024 £
Other inventories	65,000	65,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	204,251	194,974
Prepayments	10,562	8,553
	214,813	203,527

7

Creditors

Creditors: amounts falling due within one year

Flexel 1986 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

	2025 £	2024 £
Due within one year
Trade creditors	149,538	109,930
Taxation and social security	40,871	97,789
Other creditors	2,254	3,319
	192,663	211,038