Registration number: 10979002

Flexal Springs Alliance Limited

(Registration number: 10979002)

Balance Sheet as at 31 March 2025

	Note	31 March 2025 £	31 December 2023 £
Fixed assets
Tangible assets	3	102,872	113,254
Current assets
Stocks		40,000	41,000
Debtors	4	176,714	94,069
Cash at bank and in hand		11,213	25,578
		227,927	160,647
Creditors: Amounts falling due within one year	5	(174,249)	(113,246)
Net current assets		53,678	47,401
Total assets less current liabilities		156,550	160,655
Creditors: Amounts falling due after more than one year	5	(108,693)	(114,941)
Provisions for liabilities		(19,187)	(23,635)
Net assets		28,670	22,079
Capital and reserves
Called up share capital		100	100
Retained earnings		28,570	21,979
Shareholders' funds		28,670	22,079

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Flexal Springs Alliance Limited

(Registration number: 10979002)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 8 December 2025 and signed on its behalf by:
 

.........................................

N S G De Silva

Director

Flexal Springs Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

1	Accounting policies

Statutory information

Flexal Springs Alliance Limited is a private company, limited by shares, domiciled in England and Wales, company number 10979002. The registered office is at The Arc, High Street, Clowne, Chesterfield, S43 4JY.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Flexal Springs Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	over the term of the lease
Fixrtures and fittings	20% straight line
Plant and machinery	20% straight line
Motor vehicles	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Flexal Springs Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)

1	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 9 (2023 - 9).

3	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost
At 1 January 2024	27,355	5,780	79,272	105,308	217,715
Additions	-	-	13,336	-	13,336
At 31 March 2025	27,355	5,780	92,608	105,308	231,051
Depreciation
At 1 January 2024	8,640	5,312	78,223	12,286	104,461
Charge for the period	1,440	468	748	21,062	23,718
At 31 March 2025	10,080	5,780	78,971	33,348	128,179
Carrying amount
At 31 March 2025	17,275	-	13,637	71,960	102,872
At 31 December 2023	18,715	468	1,049	93,022	113,254

4

Debtors

	31 March 2025 £	31 December 2023 £
Trade debtors	150,833	93,221
Other debtors	25,881	848
	176,714	94,069

Flexal Springs Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)

5

Creditors

	31 March 2025 £	31 December 2023 £
Due within one year
Bank loans	5,470	4,667
HP and finance lease liabilities	7,730	11,582
Invoice discounting	17,008	10,815
Trade creditors	42,767	15,885
Taxation and social security	67,271	24,872
Accruals and deferred income	33,406	28,820
Other creditors	597	16,605
	174,249	113,246