REGISTERED NUMBER: 07228894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

FLAG VEHICLE DELIVERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Haines

Mrs J A Hunt

REGISTERED OFFICE:

Unit 3

Old Quarry Works

Fosse Cross Industrial Estate

CHELTENHAM

Gloucestershire

GL54 4NW

REGISTERED NUMBER:

07228894 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

86,244

87,195

86,244

87,195

CURRENT ASSETS

Debtors

6

87,013

92,823

Cash at bank

59,011

51,314

146,024

144,137

CREDITORS

Amounts falling due within one year

7

91,230

101,712

NET CURRENT ASSETS

54,794

42,425

TOTAL ASSETS LESS CURRENT LIABILITIES

141,038

129,620

PROVISIONS FOR LIABILITIES

8

19,595

16,846

NET ASSETS

121,443

112,774

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

121,343

112,674

SHAREHOLDERS' FUNDS

121,443

112,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr M J Haines - Director

1.	STATUTORY INFORMATION

FLAG Vehicle Deliveries 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 (£).

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

10,000

AMORTISATION

At 1 May 2024

and 30 April 2025

10,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

79,959

126,686

2,082

208,727

Additions

26,030

-

-

26,030

Disposals

(8,327

)

-

-

(8,327

)

At 30 April 2025

97,662

126,686

2,082

226,430

DEPRECIATION

At 1 May 2024

40,020

80,008

1,504

121,532

Charge for year

14,608

11,669

144

26,421

Eliminated on disposal

(7,767

)

-

-

(7,767

)

At 30 April 2025

46,861

91,677

1,648

140,186

NET BOOK VALUE

At 30 April 2025

50,801

35,009

434

86,244

At 30 April 2024

39,939

46,678

578

87,195

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 May 2024

39,640

Transfer to ownership

(39,640

)

At 30 April 2025

-

DEPRECIATION

At 1 May 2024

31,430

Charge for year

501

Transfer to ownership

(31,430

)

At 30 April 2025

501

NET BOOK VALUE

At 30 April 2025

(501

)

At 30 April 2024

8,210

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

66,816

69,246

Fosse Cross Properties Ltd

1,771

6,771

Prepayments

18,426

16,806

87,013

92,823

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

3,689

5,395

Tax

11,262

10,091

Social security and other taxes

534

558

VAT

15,926

28,737

Other creditors

203

-

Directors' current accounts

57,001

54,443

Accrued expenses

2,615

2,488

91,230

101,712

8.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

19,595

16,846

Deferred

tax

£

Balance at 1 May 2024

16,846

Provided during year

2,749

Balance at 30 April 2025

19,595

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100