Autoflow Limited 31/12/2024 iXBRL

Company registration number: 04061932

Autoflow Limited

Unaudited filleted financial statements

31 December 2024

Autoflow Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Autoflow Limited

Directors and other information


	Directors	Mr Paul Austin
		Mr Eamonn Dunne
		Mr Graham Eyles
		Mr Christopher Mckie
		Mr Michael Bourke


	Company number	04061932


	Registered office	Wellington House
		The Embankment
		Wellingborough
		NN8 1LD


	Business address	Sirius House
		Alderley Road
		Chelford
		Cheshire
		SK11 9AP


	Accountants	Forshaws Accountants Limited
		Crossens Way Business Park
		Crossens Way
		Southport
		Merseyside
		PR9 9LY

Autoflow Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Autoflow Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Autoflow Limited for the year ended 31 December 2024 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Autoflow Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Autoflow Limited and state those matters that we have agreed to state to the board of directors of Autoflow Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autoflow Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Autoflow Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Autoflow Limited. You consider that Autoflow Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Autoflow Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Forshaws Accountants Limited

Chartered Accountants

Crossens Way Business Park

Crossens Way

Southport

Merseyside

PR9 9LY

26 September 2025

Autoflow Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£
				(Restated)

Fixed assets
Tangible assets	5	229,275		183,330
Investments	6	969		969
		_______		_______
			230,244		184,299

Current assets
Debtors	7	6,213,405		5,911,172
Cash at bank and in hand		345,009		1,125,997
		_______		_______
		6,558,414		7,037,169
Creditors: amounts falling due
within one year	8	( 2,919,245)		( 2,779,782)
		_______		_______
Net current assets			3,639,169		4,257,387
			_______		_______
Total assets less current liabilities			3,869,413		4,441,686


Provisions for liabilities	10		( 53,514)		( 41,192)

			_______		_______
Net assets			3,815,899		4,400,494
			_______		_______

Capital and reserves
Called up share capital	13		100		100
Profit and loss account			3,815,799		4,400,394
			_______		_______
Shareholders funds			3,815,899		4,400,494
			_______		_______

For the year ending 31 December 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr Graham Eyles

Director

Company registration number: 04061932

Autoflow Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The principal activity of the company is that of writing and modification of computer programs and the sale of computer software and hardware.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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

Going concern

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the fair value of amounts receivable for subscriptions provided in the ordinary course of business, excluding value added tax and trade discounts. Subscription income is recognised on a straight-line basis over the period to which the subscription relates, as this reflects the delivery of services to the customer over time. Income received in advance of the period to which it relates is deferred and included in creditors as deferred income. Income relating to periods that have already elapsed but not yet invoiced is accrued and included in debtors as accrued income. Where subscriptions include multiple elements, the total consideration is allocated to each element based on the relative fair values of the services provided, and revenue is recognised when those services are delivered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Over life of the lease
Fittings fixtures and equipment	-	15% Straight line
Motor vehicles	-	25% Straight line
Computer equipment	-	33% Straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 50 (2023: 45 ).

The average includes 3 (2023: 3) Executive Directors, 2 (2023: 2) Non-Executive Directors and 45 (2023: 40) Development, Support and Sales staff.

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	17,985	126,863	90,060	915,377	1,150,285
Additions	-	-	-	200,729	200,729
Disposals	( 17,985)	( 105,461)	( 90,060)	( 302,330)	( 515,836)
	_______	_______	_______	_______	_______
At 31 December 2024	-	21,402	-	813,776	835,178
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	17,985	121,529	90,060	737,381	966,955
Charge for the year	-	3,133	-	151,651	154,784
Disposals	( 17,985)	( 105,461)	( 90,060)	( 302,330)	( 515,836)
	_______	_______	_______	_______	_______
At 31 December 2024	-	19,201	-	586,702	605,903
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	-	2,201	-	227,074	229,275
	_______	_______	_______	_______	_______
At 31 December 2023	-	5,334	-	177,996	183,330
	_______	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	969	969
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	969	969
	_______	_______
At 31 December 2023	969	969
	_______	_______

7. Debtors

	2024	2023
	£	£

Trade debtors	2,885,691	2,579,292
Other debtors	3,327,714	3,331,880
	_______	_______
	6,213,405	5,911,172
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
		(Restated)

Bank loans and overdrafts	11,708	9,132
Trade creditors	132,092	151,936
Corporation tax	135,810	146,402
Social security and other taxes	270,612	253,961
Other creditors	2,369,023	2,218,351
	_______	_______
	2,919,245	2,779,782
	_______	_______

9. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2024	2023
	£	£
Not later than 1 year	44,000	44,000
	_______	_______
Present value of minimum lease payments	44,000	44,000
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 January 2024	41,192	41,192
Additions	12,322	12,322
	_______	_______
At 31 December 2024	53,514	53,514
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£

Included in provisions (note 10)	53,514	41,192
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£

Accelerated capital allowances	53,514	41,192
	_______	_______

12. Change in accounting policy: Revenue recognition

During the year, the company reviewed its revenue recognition policy in accordance with applicable accounting standards and made a change to better reflect the economic substance of its revenue-generating activities and to ensure a more consistent matching of income and related services provided.Previously, a portion of revenue from contracts was recognised upfront at the commencement of the service period, with the remaining balance deferred and recognised evenly over a 12-month period. Under the revised policy, revenue from these contracts is now recognised in full on a straight-line basis over 12 months, reflecting a more accurate representation of the pattern in which the services are delivered and the related performance obligations are satisfied.The change in accounting policy has been applied retrospectively in accordance with FRS 102, Section 10. As a result, the comparative figures have been restated to reflect the impact of the change. The impact of the change is that previously reported retained earnings have decreased from £5,589,362 to £4,400,394.

13. Called up share capital

Authorised share capital

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

14. Events after the end of the reporting period

In April 2025, the Company voted dividends totalling £100,000.In August 2025, the Company voted dividends totalling £175,000.

15. Related party transactions

In line with the requirements of FRS102, the Company has not disclosed transactions with companies that are wholly owned within the Group of companies headed by Madison Enterprises Limited.The Company made sales of £23,534 (2023: £147,696) to multiple companies under the common control of the Directors. At the balance sheet date, £2,099 (2023: £90,059) remained outstanding and is presented within trade debtors. These balances are unsecured, interest free and repayable on demand. The interest in some of these companies was disposed of by the Directors during the previous year.The Company made sales of £261,587 (2023: £213,205) to another company under the common control of the Directors. At the balance sheet date, £42,000 (2023: £42,000) remained outstanding and is presented within trade debtors. The Company also made purchases or incurred expenses of £343,312 (2023: £276,143) from the same company. At the balance sheet date £59,441 (2023: £86,587) remained outstanding and is presented within trade creditors. These balances are unsecured, interest free and repayable on demand.

16. Controlling party

There is no single ultimate controlling party.The ultimate parent company is Madison Enterprises Limited (Company Registration Number: 10097169), registered in England and Wales.