REGISTERED NUMBER: 10976017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLEXXABLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Wardrope

REGISTERED OFFICE:

Unit 1 Amber House

22B St. Johns Road

Hove

East Sussex

BN3 2EZ

REGISTERED NUMBER:

10976017 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

12,405

24,997

Investments

5

201,242

-

213,647

24,997

CURRENT ASSETS

Debtors

6

230,973

178,286

Cash at bank

105,485

234,280

336,458

412,566

CREDITORS

Amounts falling due within one year

7

260,024

98,298

NET CURRENT ASSETS

76,434

314,268

TOTAL ASSETS LESS CURRENT LIABILITIES

290,081

339,265

CREDITORS

Amounts falling due after more than one year

8

(3,489

)

(14,287

)

PROVISIONS FOR LIABILITIES

(3,101

)

(1,134

)

NET ASSETS

283,491

323,844

CAPITAL AND RESERVES

Called up share capital

50

50

Fair value reserve

9

13

-

Retained earnings

283,428

323,794

283,491

323,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 December 2025 and were signed by:

D Wardrope - Director

1.	STATUTORY INFORMATION

Flexxable Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

20,463

2,577

6,999

30,039

Additions

-

5,723

4,894

10,617

Disposals

(20,463

)

-

(2,176

)

(22,639

)

At 31 March 2025

-

8,300

9,717

18,017

DEPRECIATION

At 1 April 2024

-

1,249

3,793

5,042

Charge for year

-

1,173

1,573

2,746

Eliminated on disposal

-

-

(2,176

)

(2,176

)

At 31 March 2025

-

2,422

3,190

5,612

NET BOOK VALUE

At 31 March 2025

-

5,878

6,527

12,405

At 31 March 2024

20,463

1,328

3,206

24,997

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

Additions

240,756

Disposals

(36,592

)

Revaluations

(2,922

)

At 31 March 2025

201,242

NET BOOK VALUE

At 31 March 2025

201,242

Cost or valuation at 31 March 2025 is represented by:

Other

investment

£

Valuation in 2025

(2,922

)

Cost

204,164

201,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

282

787

Amounts owed by group undertakings

133,191

98,920

Other debtors

6,250

-

Directors' loan accounts

-

72,706

VAT

29,458

-

Prepayments and accrued income

61,792

5,873

230,973

178,286

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,468

10,715

Trade creditors

54,283

20,062

Amounts owed to group undertakings

-

1,048

Tax

110,242

53,256

Social security and other taxes

11,908

-

Pensions payable

1,179

1,117

VAT

-

8,544

Other creditors

37,820

1,851

Directors' loan accounts

38

-

Accrued expenses

34,086

1,705

260,024

98,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

3,489

10,715

Bank loans - 2-5 years

-

3,572

3,489

14,287

9.

RESERVES

Fair

value

reserve

£

Movement in reserve

13

At 31 March 2025

13

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D Wardrope

Balance outstanding at start of year

72,705

(148

)

Amounts advanced

69,785

98,480

Amounts repaid

(142,528

)

(25,627

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(38

)

72,705

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Flexx Property Ltd

During the year, Flexx Property Ltd maintained their loan from the company. As at 31 March 2025, Flexx Property Ltd owed Flexxable Limited £84,391 (2024: £84,391). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

Flexx Digital Ltd

Also during the year, Flexx Digital Ltd increased their loan from the company. As at 31 March 2025, Flexx Digital Ltd owed Flexxable Limited £46,800 (2024: (£14,529). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

Flexx Holdings Ltd

Also during the year, Flexxable Ltd repaid their loan to Flexx Holdings Ltd. As at 31 March 2025, Flexxable Limited owed Flexx Holdings Ltd £nil. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand

Flexx SAAS Ltd

Also during the year, Flexxable Ltd introduced a loan to Flexx SAAS Ltd. As at 31 March 2025, Flexx SAAS Ltd owed Flexxable Limited £2,000. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Flexx Holdings Limited.

This was by virtue of their 100% holding of the issued share capital.