Registration number: 02441299

The Flash Centre Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

The Flash Centre Limited

Company Information

Directors

G I Clements S M Prais

Company secretary

G I Clements

Registered office

Spectrum Point 164 Clapgate Lane Birmingham B32 3DE

Auditors

Bissell & Brown Midlands Ltd Chartered Certified Accountants and Statutory Auditors Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

The Flash Centre Limited

(Registration number: 02441299)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,048	1,347
Current assets
Stocks	5	-	489,905
Debtors	6	508,979	414,297
Cash at bank and in hand		10,501	46,676
		519,480	950,878
Creditors: Amounts falling due within one year	7	(415,183)	(286,447)
Net current assets		104,297	664,431
Net assets		106,345	665,778
Capital and reserves
Called up share capital	9	650,421	650,421
Retained earnings		(544,076)	15,357
Shareholders' funds		106,345	665,778

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... G I Clements Company secretary and director

The Flash Centre Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Spectrum Point
164 Clapgate Lane
Birmingham
B32 3DE
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

These financial statements have been prepared on a going concern basis, reflecting the Directors’ confidence that the Company will continue in operational existence for the foreseeable future and will be able to meet its obligations as they fall due.

In reaching this conclusion, the Directors have undertaken a comprehensive review of the Group’s cash flow forecasts, covering a period of at least 14 months from the date of approval of these financial statements. These forecasts are robust, incorporating a range of downside sensitivities, including demand fluctuations, and general cost pressures affecting the industry.

The Flash Centre Limited benefits from being part of a financially strong wider group with a substantial balance sheet. The parent company has formally confirmed that any intercompany balances will not be called for repayment within 12 months of the date of signing these financial statements, reinforcing group-level liquidity support.

While the Directors recognise that future forecasting carries inherent uncertainties, they believe the Group’s decisive internal actions, continued parent company backing, and solid financial planning provide a strong foundation for future resilience and growth.

Accordingly, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

The Flash Centre Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. We draw attention to Note 2 in the financial statements, which explains the basis on which the Directors have adopted the going concern assumption in preparing these financial statements. As disclosed in that note, certain conditions exist which require careful consideration in assessing the appropriateness of the going concern basis.

However, the Directors have implemented robust mitigating actions and benefit from strong ongoing support within the wider group, providing them with confidence in the group’s ability to manage these uncertainties and continue operations successfully.

Based on management's assessment and our audit procedures, we have concluded no material uncertainty exists that casts significant doubt on the group's ability to continue as a going concern.

Our opinion is not modified in respect of this matter. The name of the Senior Statutory Auditor who signed the audit report on 29 September 2025 was Paul Matthews, who signed for and on behalf of Bissell & Brown Midlands Ltd.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

The Flash Centre Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	20% straight line
Motor vehicles	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Rental equipment is shown within closing stock and is stated at the lower of cost and net realisable value

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Flash Centre Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 12).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	58,843	2,085	60,928
Additions	-	1,221	1,221
Disposals	(58,843)	-	(58,843)
At 31 December 2024	-	3,306	3,306
Depreciation
At 1 January 2024	58,843	738	59,581
Charge for the year	-	520	520
Eliminated on disposal	(58,843)	-	(58,843)
At 31 December 2024	-	1,258	1,258
Carrying amount
At 31 December 2024	-	2,048	2,048
At 31 December 2023	-	1,347	1,347

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	-	489,905

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		97,372	68,825
Amounts owed by related parties		355,776	174,423
Prepayments		28,541	33,141
Other debtors		27,290	137,908
		508,979	414,297

The Flash Centre Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		105,072	101,480
Amounts owed to group undertakings and undertakings in which the company has a participating interest		8,875	8,875
Taxation and social security		138,871	147,690
Accruals and deferred income		142,687	18,695
Other creditors		19,678	9,707
		415,183	286,447