Company No: 05471488 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	40,450		40,450
Tangible assets	4	60,544		14,515
		100,994		54,965
Current assets
Stocks	5	1,493		0
Debtors	6	36,971		36,235
Cash at bank and in hand	7	0		736
		38,464		36,971
Creditors: amounts falling due within one year	8	( 189,346)		( 91,161)
Net current liabilities		(150,882)		(54,190)
Total assets less current liabilities		(49,888)		775
Creditors: amounts falling due after more than one year	9	( 49,260)		( 49,260)
Net liabilities		( 99,148)		( 48,485)
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		( 99,248 )		( 48,585 )
Total shareholders' deficit		( 99,148)		( 48,485)

For the financial year ending 30 June 2024 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Floodmatik Ltd (registered number: 05471488) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

G T Evans Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Floodmatik Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements due to the continued support of the directors who are owed £110,391 at the year end. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 July 2023	40,450		40,450
At 30 June 2024	40,450		40,450
Accumulated amortisation
At 01 July 2023	0		0
At 30 June 2024	0		0
Net book value
At 30 June 2024	40,450		40,450
At 30 June 2023	40,450		40,450

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 July 2023	17,933		17,933
Additions	50,132		50,132
At 30 June 2024	68,065		68,065
Accumulated depreciation
At 01 July 2023	3,418		3,418
Charge for the financial year	4,103		4,103
At 30 June 2024	7,521		7,521
Net book value
At 30 June 2024	60,544		60,544
At 30 June 2023	14,515		14,515

5. Stocks

	2024		2023
	£		£
Stocks	1,493		0

6. Debtors

	2024		2023
	£		£
VAT recoverable	950		13,359
Other debtors	36,021		22,876
	36,971		36,235

7. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	0		736
Less: Bank overdrafts	( 19,304)		0
	(19,304)		736

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	19,304		0
Trade creditors	56,262		49,327
Other taxation and social security	889		0
Other creditors	112,891		41,834
	189,346		91,161

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	49,260		49,260

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each	100		100