REGISTERED NUMBER: 03038017 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

INTERLOCK FLEXIBLE PRODUCTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Williams Snr

Mr P J Williams Jnr

Mrs S Winrow

REGISTERED OFFICE:

Unit 1 Burbidge Road

Bordesley Green

BIRMINGHAM

B9 4US

REGISTERED NUMBER:

03038017 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Lloyds Bank PLC

Units 2 & 3 Caxton Gate

36/38 New Street

Birmingham

West Midlands

B2 4LP

INCORPORATED:

27th March 1995

FIXED ASSETS

Tangible assets

4

3,911

4,889

CURRENT ASSETS

Stocks

-

600

Debtors

133,291

149,060

Cash at bank

2,283

-

135,574

149,660

CREDITORS

Amounts falling due within one year

90,180

72,831

NET CURRENT ASSETS

45,394

76,829

TOTAL ASSETS LESS CURRENT LIABILITIES

49,305

81,718

CREDITORS

Amounts falling due after more than one year

(1,000

)

(7,000

)

PROVISIONS FOR LIABILITIES

6

-

(1,814

)

NET ASSETS

48,305

72,904

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

48,205

72,804

SHAREHOLDERS' FUNDS

48,305

72,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10th December 2025 and were signed on its behalf by:

Mr P J Williams Snr - Director

1.	STATUTORY INFORMATION

Interlock Flexible Products 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.

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 sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation has been provided for utilising either the reducing balance or straight line method based on the estimated useful lives of the individual class of asset.

Rates used as follows:-

Plant and machinery

- 20% reducing balance

Motor vehicles

- 20% reducing balance

Fixtures and fittings

- 20% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans from related parties.

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 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

and 31st March 2025

22,991

DEPRECIATION

At 1st April 2024

18,102

Charge for year

978

At 31st March 2025

19,080

NET BOOK VALUE

At 31st March 2025

3,911

At 31st March 2024

4,889

5.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

6,000

6,000

Amounts falling due between one and two years:

Bank loans

1,000

6,000

Amounts falling due between two and five years:

Bank loans

-

1,000

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

1,814

Deferred

tax

£

Balance at 1st April 2024

1,814

Provided during the year

(1,814

)

Balance at 31st March 2025

-

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

Ordinary "A"

£1

60

60

20

Ordinary "B"

£1

20

20

20

Ordinary ''C''

£1

20

20

100

100

8.	SECURITIES AND CHARGES

A fixed and floating charge limited to £60,000 exists over all assets of the company in respect of any shortfall on the overdraft facility and secured on the freehold property held by its related company, C.C.C.P Limited.

9.	RELATED PARTY DISCLOSURES

At the year end there was a balance of £131,419 due from a related company in which all directors are also a director. This loan is interest free and repayable upon demand.

At the year end the amounts due to the directors totalled £80,941 (2024 - £51,388). These loans are interest free and repayable on demand.