Flexible Staffing Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13287263

Flexible Staffing Solutions Ltd

Filleted Unaudited Financial Statements

31 December 2024

Flexible Staffing Solutions Ltd

Financial Statements

Year ended 31 December 2024

Contents	Pages

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Flexible Staffing Solutions Ltd

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Flexible Staffing Solutions Ltd

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 Flexible Staffing Solutions Ltd for the year ended 31 December 2024, which comprise the statement of financial position and the related notes 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Flexible Staffing Solutions Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Flexible Staffing Solutions Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flexible Staffing Solutions Ltd and its director for our work or for this report.

It is your duty to ensure that Flexible Staffing Solutions Ltd 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 loss of Flexible Staffing Solutions Ltd. You consider that Flexible Staffing Solutions Ltd 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 Flexible Staffing Solutions Ltd. 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.

HEBBLETHWAITES Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

30 September 2025

Flexible Staffing Solutions Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	1,196	1,275

Current assets

Debtors	6	79,511	95,244
Cash at bank and in hand		74,754	8,397
		---------	---------
		154,265	103,641

Creditors: amounts falling due within one year	7	211,186	107,615
		---------	---------
Net current liabilities		56,921	3,974
		--------	-------
Total assets less current liabilities		( 55,725)	( 2,699)
		--------	-------
Net liabilities		( 55,725)	( 2,699)
		--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 55,726)	( 2,700)
	--------	-------
Shareholders deficit	( 55,725)	( 2,699)
	--------	-------

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.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Flexible Staffing Solutions Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr D L Robinson
Director

Company registration number: 13287263

Flexible Staffing Solutions Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

At the year end date of 31 December 2024, the Statement of Financial Position reflects a net current and net total liability position. Despite this, the director is of the opinion that the company remains a going concern given the post year end trading prospects and the availability of finance to facilitate ongoing trading.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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.

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:

	Equipment	-	20% straight line

Impairment of fixed assets

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 22 (2023: 17 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 January 2024	1,500
Additions	250
	-------
At 31 December 2024	1,750
	-------
Depreciation
At 1 January 2024	225
Charge for the year	329
	-------
At 31 December 2024	554
	-------
Carrying amount
At 31 December 2024	1,196
	-------
At 31 December 2023	1,275
	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	37,640	79,666
Other debtors	41,871	15,578
	--------	--------
	79,511	95,244
	--------	--------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	8,366	–
	-------	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Invoice finance account	25,455	45,905
Trade creditors	3,387	4,955
Corporation tax	7,869	–
Social security and other taxes	162,652	33,309
Other creditors	11,823	23,446
	---------	---------
	211,186	107,615
	---------	---------

The invoice finance account balance, included in creditors above, is secured by a fixed and floating charge over the property and undertakings of the company.

8. Director's advances, credits and guarantees

At the year end date, a debtor loan balance existed in relation to the director, being in the sum of £24,789 (2023: £927 balance due to the director), which sum is to be repaid as soon as possible.