Company registration number 07164538 (England and Wales)
FLC DURHAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FLC DURHAM LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
FLC DURHAM LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
66,432
79,682
Tangible assets
4
55,058
69,563
121,490
149,245
Current assets
Stocks
15,983
18,000
Debtors
5
36,291
49,376
Cash at bank and in hand
491,947
378,066
544,221
445,442
Creditors: amounts falling due within one year
6
(286,647)
(295,745)
Net current assets
257,574
149,697
Total assets less current liabilities
379,064
298,942
Creditors: amounts falling due after more than one year
7
(2,894)
(13,276)
Provisions for liabilities
(10,348)
(11,574)
Net assets
365,822
274,092
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
365,722
273,992
Total equity
365,822
274,092
FLC DURHAM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on
27 November 2025
27 November 2025
and are signed on its behalf by:
F Ciampolillo
Director
Company registration number 07164538 (England and Wales)
FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

FLC Durham Limited is a private company limited by shares incorporated in England and Wales. The registered office is 66 Saddler Street, Durham, DH1 3NP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at point of sale, excluding value added tax.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
straight line over term of lease
Fixtures and fittings
10% on cost
Computers
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

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

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
24
21
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
265,000
Amortisation and impairment
At 1 April 2024
185,318
Amortisation charged for the year
13,250
At 31 March 2025
198,568
Carrying amount
At 31 March 2025
66,432
At 31 March 2024
79,682
FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Improvements to property
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2024
126,169
155,219
11,298
292,686
Additions
-
0
2,377
2,567
4,944
At 31 March 2025
126,169
157,596
13,865
297,630
Depreciation and impairment
At 1 April 2024
104,083
109,020
10,020
223,123
Depreciation charged in the year
9,388
9,122
939
19,449
At 31 March 2025
113,471
118,142
10,959
242,572
Carrying amount
At 31 March 2025
12,698
39,454
2,906
55,058
At 31 March 2024
22,086
46,199
1,278
69,563
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
36,291
49,376
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,200
10,000
Trade creditors
16,739
7,763
Corporation tax
65,239
78,072
Other taxation and social security
69,418
58,156
Other creditors
125,051
141,754
286,647
295,745
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,894
13,276
FLC DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
9
Directors' transactions

During the year, the directors made a joint, interest free loan to the company. The balance at 31 March 2025 was £111,987 (2024: £127,396).

The company occupies business premises under two leases that are held in the names of its directors. The company has agreed to meet all occupier's costs under those leases whilst it remains occupier of the premises,

The directors are also directors of an unconnected company. An interest free loan has been made to this company, with no fixed terms for repayment. The balance outstanding at 31 March 2025 was £10,529 (2024: £Nil), which is included within other debtors.

2025-03-31 2024-04-01 false false false 27 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity F Ciampolillo L Ciampolillo 07164538 2024-04-01 2025-03-31 07164538 2025-03-31 07164538 2024-03-31 07164538 core:NetGoodwill 2025-03-31 07164538 core:NetGoodwill 2024-03-31 07164538 core:LeaseholdImprovements 2025-03-31 07164538 core:FurnitureFittings 2025-03-31 07164538 core:ComputerEquipment 2025-03-31 07164538 core:LeaseholdImprovements 2024-03-31 07164538 core:FurnitureFittings 2024-03-31 07164538 core:ComputerEquipment 2024-03-31 07164538 core:WithinOneYear 2025-03-31 07164538 core:WithinOneYear 2024-03-31 07164538 core:AfterOneYear 2025-03-31 07164538 core:AfterOneYear 2024-03-31 07164538 core:CurrentFinancialInstruments 2025-03-31 07164538 core:CurrentFinancialInstruments 2024-03-31 07164538 core:ShareCapital 2025-03-31 07164538 core:ShareCapital 2024-03-31 07164538 core:RetainedEarningsAccumulatedLosses 2025-03-31 07164538 core:RetainedEarningsAccumulatedLosses 2024-03-31 07164538 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07164538 core:ShareCapitalOrdinaryShareClass1 2024-03-31 07164538 bus:Director1 2024-04-01 2025-03-31 07164538 core:Goodwill 2024-04-01 2025-03-31 07164538 core:LeaseholdImprovements 2024-04-01 2025-03-31 07164538 core:FurnitureFittings 2024-04-01 2025-03-31 07164538 core:ComputerEquipment 2024-04-01 2025-03-31 07164538 2023-04-01 2024-03-31 07164538 core:NetGoodwill 2024-03-31 07164538 core:NetGoodwill 2024-04-01 2025-03-31 07164538 core:LeaseholdImprovements 2024-03-31 07164538 core:FurnitureFittings 2024-03-31 07164538 core:ComputerEquipment 2024-03-31 07164538 2024-03-31 07164538 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07164538 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07164538 core:Non-currentFinancialInstruments 2025-03-31 07164538 core:Non-currentFinancialInstruments 2024-03-31 07164538 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07164538 bus:OrdinaryShareClass1 2025-03-31 07164538 bus:OrdinaryShareClass1 2024-03-31 07164538 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07164538 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07164538 bus:FRS102 2024-04-01 2025-03-31 07164538 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07164538 bus:Director2 2024-04-01 2025-03-31 07164538 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP