REGISTERED NUMBER: 14600858 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Flett Professional Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A E Flett

Mrs E J Flett

REGISTERED OFFICE:

Finn Court, Private Road

Martlesham

Woodbridge

Suffolk

IP12 4SG

REGISTERED NUMBER:

14600858 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

4

19,545

25,474

CURRENT ASSETS

Debtors

5

11,471

5,393

Cash at bank

64,647

20,476

76,118

25,869

CREDITORS

Amounts falling due within one year

6

23,952

24,211

NET CURRENT ASSETS

52,166

1,658

TOTAL ASSETS LESS CURRENT LIABILITIES

71,711

27,132

PROVISIONS FOR LIABILITIES

7

4,886

6,369

NET ASSETS

66,825

20,763

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

66,725

20,663

SHAREHOLDERS' FUNDS

66,825

20,763

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 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.

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 14 December 2025 and were signed on its behalf by:

Dr A E Flett - Director

1.	STATUTORY INFORMATION

Flett Professional Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 from services provided by the company is measured at the fair value of the consideration received or receivable. When the outcome of a transaction can be estimated reliably, turnover from medical services is recognised by reference to the stage of completion as at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Tangible fixed assets

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

Fixtures & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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 and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,776

32,190

-

33,966

Additions

-

-

660

660

At 31 March 2025

1,776

32,190

660

34,626

DEPRECIATION

At 1 April 2024

444

8,048

-

8,492

Charge for year

333

6,036

220

6,589

At 31 March 2025

777

14,084

220

15,081

NET BOOK VALUE

At 31 March 2025

999

18,106

440

19,545

At 31 March 2024

1,332

24,142

-

25,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,400

2,951

Other debtors

1,071

2,442

11,471

5,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

17,455

10,716

Other creditors

6,497

13,495

23,952

24,211

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

4,886

6,369

Deferred

tax

£

Balance at 1 April 2024

6,369

Credit to Income Statement during year

(1,483

)

Balance at 31 March 2025

4,886

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100