Flexiloo LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC334279

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,608		1,608
Tangible Assets	5		145		290

			1,753		1,898
CURRENT ASSETS
Debtors	6	124,190		133,363
Cash at bank and in hand		239		1,634

		124,429		134,997
Creditors: Amounts Falling Due Within One Year	7	(121,747 )		(109,890 )

NET CURRENT ASSETS (LIABILITIES)			2,682		25,107

TOTAL ASSETS LESS CURRENT LIABILITIES			4,435		27,005

Creditors: Amounts Falling Due After More Than One Year	8		(16,320 )		(27,005 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(11,885 )		-

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		47,905		77,905
Other amounts		21,389		-

			69,294		77,905

Equity
Members' other interests
Members' capital		(69,294)		(77,905)
Other reserves		(11,885)		-

			(81,179)		(77,905)

			(11,885)		-

...CONTINUED

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Flexiloo LLP

Balance Sheet (continued)

As At 31 March 2025

TOTAL MEMBERS' INTEREST
Loans and other debts due to members	69,294	77,905
Members' other interests	(81,179)	(77,905)

	(11,885)	-

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Andrew Hay

Designated Member

02/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Flexiloo LLP is a limited liability partnership, incorporated in England & Wales, registered number OC334279 . The Registered Office is 10 Parkers Close, Downton Business Centre, Salisbury, SP5 3RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% straight line
Computer Equipment	33% straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	1,608

As at 31 March 2025	1,608

Net Book Value
As at 31 March 2025	1,608

As at 1 April 2024	1,608

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Flexiloo LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,450	1,895	3,345

As at 31 March 2025	1,450	1,895	3,345

Depreciation
As at 1 April 2024	1,160	1,895	3,055
Provided during the period	145	-	145

As at 31 March 2025	1,305	1,895	3,200

Net Book Value
As at 31 March 2025	145	-	145

As at 1 April 2024	290	-	290

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	1,741	1,303
Members c/a (ties in with creditor bal in Otter)	53,155	54,155

	54,896	55,458
Due after more than one year
Amounts due from members	69,294	77,905

	124,190	133,363

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	26,400	25,643
Bank loans and overdrafts	1,997	9,425
Other taxes and social security	2,762	2,762
VAT	12,098	12,570
Other creditors- Otter Vacuum LLP	76,510	57,510
Accruals and deferred income	1,980	1,980

	121,747	109,890

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Other creditors	16,320	27,005

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