Flash SFX Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14486608

		30 April 2025		30 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,600		10,800
Tangible Assets	5		40,443		3,977

			50,043		14,777
CURRENT ASSETS
Debtors		-		3,060
Cash at bank and in hand		9,989		12,017

		9,989		15,077
Creditors: Amounts Falling Due Within One Year		(20,931 )		(28,870 )

NET CURRENT ASSETS (LIABILITIES)			(10,942 )		(13,793 )

TOTAL ASSETS LESS CURRENT LIABILITIES			39,101		984

Creditors: Amounts Falling Due After More Than One Year			(26,086 )		-

NET ASSETS			13,015		984

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			13,014		983

SHAREHOLDERS' FUNDS			13,015		984

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Flash SFX Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Arran Glassar

Director

28/07/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Flash SFX Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14486608 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight-line basis
Motor Vehicles	20% Reducing balance
Computer Equipment	20% Straight-line basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Flash SFX Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	12,000

As at 30 April 2025	12,000

Amortisation
As at 1 May 2024	1,200
Provided during the period	1,200

As at 30 April 2025	2,400

Net Book Value
As at 30 April 2025	9,600

As at 1 May 2024	10,800

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2024	4,100	-	1,450	5,550
Additions	2,763	42,752	1,455	46,970

As at 30 April 2025	6,863	42,752	2,905	52,520

Depreciation
As at 1 May 2024	1,162	-	411	1,573
Provided during the period	1,373	8,550	581	10,504

As at 30 April 2025	2,535	8,550	992	12,077

Net Book Value
As at 30 April 2025	4,328	34,202	1,913	40,443

As at 1 May 2024	2,938	-	1,039	3,977

6. Obligations Under Finance Leases and Hire Purchase

	30 April 2025	30 April 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,070	-
Later than one year and not later than five years	26,086	-

	34,156	-

	34,156	-

7. Share Capital

	30 April 2025	30 April 2024
	£	£
Allotted, Called up and fully paid	1	1

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