REGISTERED NUMBER: 07938681 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

RIAFLEX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K H Williams

REGISTERED OFFICE:

260 - 270

Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

REGISTERED NUMBER:

07938681 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

4

6,560

10,440

Tangible assets

5

10,284

13,811

16,844

24,251

CURRENT ASSETS

Stocks

86,000

60,000

Debtors

6

34,847

28,333

Cash at bank and in hand

2,206,089

1,658,825

2,326,936

1,747,158

CREDITORS

Amounts falling due within one year

7

285,570

160,600

NET CURRENT ASSETS

2,041,366

1,586,558

TOTAL ASSETS LESS CURRENT LIABILITIES

2,058,210

1,610,809

PROVISIONS FOR LIABILITIES

2,571

3,453

NET ASSETS

2,055,639

1,607,356

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,055,539

1,607,256

SHAREHOLDERS' FUNDS

2,055,639

1,607,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:

Mrs K H Williams - Director

1.	STATUTORY INFORMATION

Riaflex 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.	INTANGIBLE FIXED ASSETS

Patents

and

Website

Goodwill

licences

development

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

10,000

400

19,400

29,800

AMORTISATION

At 1 March 2024

10,000

-

9,360

19,360

Amortisation for year

-

-

3,880

3,880

At 28 February 2025

10,000

-

13,240

23,240

NET BOOK VALUE

At 28 February 2025

-

400

6,160

6,560

At 29 February 2024

-

400

10,040

10,440

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

8,993

27,000

3,683

39,676

DEPRECIATION

At 1 March 2024

8,052

15,609

2,204

25,865

Charge for year

235

2,848

444

3,527

At 28 February 2025

8,287

18,457

2,648

29,392

NET BOOK VALUE

At 28 February 2025

706

8,543

1,035

10,284

At 29 February 2024

941

11,391

1,479

13,811

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,292

20,282

Other debtors

5,030

5,030

VAT

504

-

Prepayments

3,021

3,021

34,847

28,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

71,545

19,839

Corporation tax

206,309

133,297

Taxation and social security

504

529

VAT

-

392

Other creditors

2,163

2,107

Director's current account

3,671

3,393

Accrued expenses

1,378

1,043

285,570

160,600

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

35,000

35,000

Between one and five years

43,750

78,750

78,750

113,750

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K H Williams.