FLAGSHIP TRANSFERS LIMITED - Filleted accounts

Registered number

14615959

FLAGSHIP TRANSFERS LIMITED

Filleted Accounts

31 January 2025

FLAGSHIP TRANSFERS LIMITED
Registered number:		14615959
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		187			-

Current assets
Cash at bank and in hand		1,079			1,343

Creditors: amounts falling due within one year	4	(6,562)			(1,341)

Net current (liabilities)/assets			(5,483)			2

Net (liabilities)/assets			(5,296)			2

Capital and reserves
Called up share capital			2			2
Profit and loss account			(5,298)			-

Shareholders' funds			(5,296)			2

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Justinas Griskevicius
Director
Approved by the board on 1 April 2025

FLAGSHIP TRANSFERS LIMITED
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			205
	At 31 January 2025			205

	Depreciation
	Charge for the year			18
	At 31 January 2025			18

	Net book value
	At 31 January 2025			187


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Taxation and social security costs	-		1,108
	Other creditors	6,562		233
		6,562		1,341


5	Other information

	FLAGSHIP TRANSFERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	98 Parthenon Drive
	Liverpool
	England
	L11 7AQ