FlameOut International Ltd 31/03/2025 iXBRL

Company registration number: 06574885

FlameOut International Ltd

Trading as FlameOut International Ltd

Unaudited filleted financial statements

31 March 2025

FlameOut International Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

FlameOut International Ltd

Directors and other information


	Directors	Mr Greg Iszatt


	Company number	06574885


	Registered office	83 High Street
		Hemel Hempstead
		Herts
		HP1 3AH


	Business address	28 Passey Crescent
		Wallingford
		OX10 6LD


	Accountants	Hicks & Company
		Chartered Accountants
		83 High Street
		Hemel Hempstead
		Herts
		HP1 3AH

FlameOut International Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	6,371		13,896
		_______		_______
			6,371		13,896

Current assets
Debtors	6	17,304		20,165
Cash at bank and in hand		121,310		139,129
		_______		_______
		138,614		159,294
Creditors: amounts falling due
within one year	7	( 76,879)		( 83,311)
		_______		_______
Net current assets			61,735		75,983
			_______		_______
Total assets less current liabilities			68,106		89,879

			_______		_______
Net assets			68,106		89,879
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			68,006		89,779
			_______		_______
Shareholders funds			68,106		89,879
			_______		_______

For the year 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

Mr Greg Iszatt

Director

Company registration number: 06574885

FlameOut International Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Hicks and Company, 83 High Street, Hemel Hempstead, Herts, HP1 3AH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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:


Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line
Computer Equipment	-	33 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Tangible assets - user defined	Total
	£	£	£	£	£
Cost
At 1 April 2024	395	956	41,773	17,129	60,253
Additions	2,926	-	-	1,080	4,006
	_______	_______	_______	_______	_______
At 31 March 2025	3,321	956	41,773	18,209	64,259
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	395	466	31,330	14,165	46,356
Charge for the year	226	143	10,048	1,115	11,532
	_______	_______	_______	_______	_______
At 31 March 2025	621	609	41,378	15,280	57,888
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	2,700	347	395	2,929	6,371
	_______	_______	_______	_______	_______
At 31 March 2024	-	490	10,443	2,964	13,897
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	6,983	-
Other debtors	10,321	20,165
	_______	_______
	17,304	20,165
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,712	1,143
Trade creditors	61,460	79,200
Corporation tax	-	1,373
Other creditors	12,707	1,595
	_______	_______
	76,879	83,311
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Greg Iszatt	6,354	( 17,451)	( 11,097)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Greg Iszatt	( 20,182)	26,536	6,354
		_______	_______	_______