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Registered number: 02780638 Statiflo International Limited Unaudited Financial statements Information for filing with the registrar For the Year Ended 31 May 2025
Statiflo International Limited Registered number: 02780638 Balance Sheet As at 31 May 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | -
|  |  | - |  | -
Current assets |  |  |  |  |
Stocks | 5 | 7,194 |  | 14,786 |
Debtors: amounts falling due within one year | 6 | 3,453,549 |  | 2,159,726 |
Cash at bank and in hand |  | 2,193,499 |  | 2,060,445 |
|  | 5,654,242 |  | 4,234,957 |
Creditors: amounts falling due within one year | 7 | (2,517,961) |  | (1,640,878) |
Net current assets |  |  | 3,136,281 |  | 2,594,079
Total assets less current liabilities |  |  | 3,136,281 |  | 2,594,079
Creditors: amounts falling due after more than one year | 8 |  | (3,538) |  | (13,944)
Net assets |  |  | 3,132,743 |  | 2,580,135
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 4,403 |  | 4,403
Capital redemption reserve |  |  | 5,597 |  | 5,597
Profit and loss account |  |  | 3,122,743 |  | 2,570,135
|  |  | 3,132,743 |  | 2,580,135
Page 1
Statiflo International Limited Registered number: 02780638 Balance Sheet (continued) As at 31 May 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
P T Davies
Director
Date: 1 October 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025
1. | General information
Statiflo International Limited is a private company limited by share capital incorporated in England & Wales, company number 2780638. The address of the registered office and the principal place of business is Wood Street Mill, Wood Street, Macclesfield, Cheshire, SK11 6JQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 3
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. Page 4
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025 2.Accounting policies (continued)
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.9 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.10 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 5
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025 2.Accounting policies (continued)
| 2.11 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.12 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 100% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.14 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.15 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.16 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 6
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025 2.Accounting policies (continued)
| 2.17 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.18 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
| 2.19 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 18 (2024 - 18).
Page 7
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 June 2024 | 84,760
| Additions | 8,739
| At 31 May 2025 | 93,499
| Depreciation |
| At 1 June 2024 | 84,760
| Charge for the year on owned assets | 8,739
| At 31 May 2025 | 93,499
| Net book value |
| At 31 May 2025 | -
| At 31 May 2024 | -
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 7,194 | 14,786
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,117,657 | 662,670
| Amounts owed by group undertakings | 1,508,972 | 1,338,616
| Other debtors | 400,118 | 7,264
| Prepayments and accrued income | 423,628 | 148,956
| Deferred taxation | 3,174 | 2,220
|  | 3,453,549 | 2,159,726
Page 8
Statiflo International Limited Notes to the Financial Statements For the Year Ended 31 May 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 10,413 | 10,167
| Trade creditors | 847,241 | 564,885
| Corporation tax | 181,224 | 335,596
| Other taxation and social security | 32,234 | 70,867
| Other creditors | 16,049 | -
| Accruals and deferred income | 1,430,800 | 659,363
|  | 2,517,961 | 1,640,878
| The Company entered into a loan agreement in respect of a loan totalling £50,000 with HSBC UK Bank Plc and this was drawn down in September 2020. The lending facility is supported by the Bounce Back Loan Scheme, with interest due during the first 12 months being payable by the UK Government under the terms of the scheme. After the first 12 months, the interest will be payable by the Company. An interest rate of 2.5% per annum is applicable. In relation to the first 12 months, the annual interest rate applicable during that period is, in effect 0%. The Company will repay the loan by monthly repayments of £887. The first instalment is due 13 months after the date on which the loan is drawn and the final instalment is due 72 months after the loan was drawn.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 3,538 | 13,944
9.Financial commitments and contingencies The company has future operating lease commitments of £155,683 (2024:£212,067). The company provides bank bonding against warranties and advances given on the sale of certain machines. As at 31 May 2025, the total value of bank bonding was £244,042 (2024: £280,447).
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