REGISTERED NUMBER: 03226935 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Flameskill Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

183,474

183,954

Investments

6

1

1

183,475

183,955

Current assets

Stocks

147,971

177,819

Debtors

7

903,881

500,703

Prepayments and accrued income

10,262

9,221

Cash at bank and in hand

1,415,778

1,578,829

2,477,892

2,266,572

Creditors

Amounts falling due within one year

8

(922,423

)

(885,728

)

Net current assets

1,555,469

1,380,844

Total assets less current liabilities

1,738,944

1,564,799

Creditors

Amounts falling due after more than one year

9

(100,000

)

(100,000

)

Provisions for liabilities

(30,918

)

(1,806

)

Net assets

1,608,026

1,462,993

Capital and reserves

Called up share capital

25,000

25,000

Share premium

7,596

7,596

Revaluation reserve

10

84,249

114,386

Capital redemption reserve

32,596

32,596

Retained earnings

1,458,585

1,283,415

1,608,026

1,462,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr S J Monument - Director

1.	Statutory information

Flameskill Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03226935

Registered office:

Flameskill House

Morton Peto Road

Great Yarmouth

Norfolk

NR31 0LT

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabillities 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Tangible fixed assets

Tangible fixed 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.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold property - 2% straight line

Long leasehold property - 2% straight line

Plant and machinery - 20% straight line

Office equipment - 33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a libaility in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was orginially recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The aggrregated benefit of the lease incentives is recognised as a reduction to expense over the lease term, on a straight line basis.

4.	Employees and directors

The average number of employees during the year was 21 (2024 - 21 ) .

5.	Tangible fixed assets

Freehold

Long

Plant and

Computer

property

leasehold

machinery

equipment

Totals

£

£

£

£

£

Cost

At 1 September 2024

195,945

2,846

248,941

117,013

564,745

Additions

-

-

2,508

2,385

4,893

At 31 August 2025

195,945

2,846

251,449

119,398

569,638

Depreciation

At 1 September 2024

24,672

326

244,389

111,404

380,791

Charge for year

2,131

57

1,330

1,855

5,373

At 31 August 2025

26,803

383

245,719

113,259

386,164

Net book value

At 31 August 2025

169,142

2,463

5,730

6,139

183,474

At 31 August 2024

171,273

2,520

4,552

5,609

183,954

The freehold land and buildings was revalued in March 2023 by an independent RICS surveyor, using their knowledge of commercial properties within the local area.

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 September 2024

and 31 August 2025

1

Net book value

At 31 August 2025

1

At 31 August 2024

1

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

903,881

500,703

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Payments on account

78,321

122,569

Trade creditors

252,496

261,409

Amounts owed to group undertakings

315,224

269,752

Taxation and social security

226,768

203,986

Other creditors

49,614

28,012

922,423

885,728

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Amounts owed to group undertakings

100,000

100,000

10.

Reserves

Revaluation

reserve

£

At 1 September 2024

114,386

Transfer

(30,137

)

At 31 August 2025

84,249

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

11.	Ultimate controlling party

The ultimate controlling party of the company is Flameskill Holdings Limited, a company registered in England and Wales.