Flexel (Europe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06640303 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLEXEL (EUROPE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Bridge

J A Bridge

M D Proctor

SECRETARY:

S M Bridge

REGISTERED OFFICE:

Central House

Top Station Road

Brackley

Northamptonshire

NN13 7UG

REGISTERED NUMBER:

06640303 (England and Wales)

ACCOUNTANTS:

Astral Accountancy Services Limited

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

CURRENT ASSETS

Debtors

4

4,111

9,575

Cash at bank

30,581

35,241

34,692

44,816

CREDITORS

Amounts falling due within one year

5

12,655

14,315

NET CURRENT ASSETS

22,037

30,501

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,037

30,501

CAPITAL AND RESERVES

Called up share capital

6

14,705

Retained earnings

7

7,332

15,796

SHAREHOLDERS' FUNDS

22,037

30,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J A Bridge - Director

M D Proctor - Director

1.	STATUTORY INFORMATION

Flexel (Europe) 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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 4 (2024 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

4,111

9,575

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,511

2,661

Taxation and social security

8,144

8,654

Other creditors

3,000

12,655

14,315

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

7,500

Ordinary A

£1

7,500

5,735

Ordinary B

£1

5,735

1,470

Ordinary C

£1

1,470

14,705

7.

RESERVES

Retained

earnings

£

At 1 April 2024

15,796

Profit for the year

24,536

Dividends

(33,000

)

At 31 March 2025

7,332

8.	RELATED PARTY DISCLOSURES

During the year, the company traded with Flexel (UK) Limited, its ultimate parent company.

During the year, total costs incurred by Flexel (UK) Limited and subsequently recharged to Flexel (Europe) Limited amounted to £3,000 (2024: £3,000).

As at 31 March 2025 an amount of £1,511 (2024: £2,607) was owed to Flexel (UK) Limited. This amount represents £1,511 included within trade creditors.

In the opinion of the directors, R J Bridge and Mrs S M Bridge are the ultimate controlling parties by virtue of their shareholdings in the ultimate parent company.