REGISTERED NUMBER: 01107641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FLOCK DEVELOPMENT & RESEARCH CO LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

P Constantine

REGISTERED OFFICE:

Clarence Mill

Clarence Street

Stalybridge

Cheshire

SK15 1QF

REGISTERED NUMBER:

01107641 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

4

1,828

3,253

Tangible assets

5

68,238

75,666

70,066

78,919

CURRENT ASSETS

Stocks

496,617

591,065

Debtors

6

603,881

821,786

Cash at bank and in hand

554,367

493,074

1,654,865

1,905,925

CREDITORS

Amounts falling due within one year

7

395,403

624,774

NET CURRENT ASSETS

1,259,462

1,281,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,329,528

1,360,070

CREDITORS

Amounts falling due after more than one year

8

(17,500

)

(47,500

)

PROVISIONS FOR LIABILITIES

9

(12,936

)

(14,327

)

NET ASSETS

1,299,092

1,298,243

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

1,298,892

1,298,043

SHAREHOLDERS' FUNDS

1,299,092

1,298,243

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2025 and were signed by:

P Constantine - Director

1.	STATUTORY INFORMATION

Flock Development & Research Co 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

i) the Company has transferred the significant risks and rewards of ownership to the buyer;

ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

iii) the amount of turnover can be measured reliably;

iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

-

15% on reducing balance

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

14,245

AMORTISATION

At 1st January 2024

10,992

Charge for year

1,425

At 31st December 2024

12,417

NET BOOK VALUE

At 31st December 2024

1,828

At 31st December 2023

3,253

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

75,252

1,442,507

1,517,759

Additions

-

5,185

5,185

At 31st December 2024

75,252

1,447,692

1,522,944

DEPRECIATION

At 1st January 2024

73,921

1,368,172

1,442,093

Charge for year

200

12,413

12,613

At 31st December 2024

74,121

1,380,585

1,454,706

NET BOOK VALUE

At 31st December 2024

1,131

67,107

68,238

At 31st December 2023

1,331

74,335

75,666

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

379,554

534,385

Amounts owed by group undertakings

149,739

199,739

Other debtors

74,588

87,662

603,881

821,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

173,688

313,740

Taxation and social security

170,658

219,003

Other creditors

21,057

62,031

395,403

624,774

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

17,500

47,500

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

12,936

14,327

Deferred

tax

£

Balance at 1st January 2024

14,327

Provided during year

(1,391

)

Balance at 31st December 2024

12,936

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

11.	PARENT COMPANY

The company's parent undertaking is Flock Holdings Limited whose registered office is the same as the company.