REGISTERED NUMBER: 01289021 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLAGFINDERS (CTB) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Rezai-Kalantary

P J Nathanail

J Powell

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

BUSINESS ADDRESS:

267 Coggeshall Road

Braintree

Essex

CM7 9EF

REGISTERED NUMBER:

01289021 (England and Wales)

AUDITORS:

Lemans

Statutory Auditor

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

507,210

658,200

CURRENT ASSETS

Stocks

-

12,677

Debtors

5

277,420

167,340

Cash at bank

284,559

57,795

561,979

237,812

CREDITORS

Amounts falling due within one year

6

267,508

336,937

NET CURRENT ASSETS/(LIABILITIES)

294,471

(99,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

801,681

559,075

CREDITORS

Amounts falling due after more than one year

7

-

(36,337

)

PROVISIONS FOR LIABILITIES

(119,085

)

(110,560

)

NET ASSETS

682,596

412,178

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

682,496

412,078

SHAREHOLDERS' FUNDS

682,596

412,178

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

D A Rezai-Kalantary - Director

1.	STATUTORY INFORMATION

Flagfinders (Ctb) 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.

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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% and 20% Straight Line

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% - 25% on reducing balance

Motor vehicles

-

15% on reducing balance

The depreciation policy relating to buses and coaches is 15% on a reducing balance basis.

Government grants

Grant income is recognised when the proceeds are received or receivable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 41 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

56,064

42,693

13,532

1,390,295

1,502,584

Additions

1,800

14,950

1,300

-

18,050

Disposals

-

-

-

(232,275

)

(232,275

)

At 31 March 2025

57,864

57,643

14,832

1,158,020

1,288,359

DEPRECIATION

At 1 April 2024

46,564

27,024

10,370

760,426

844,384

Charge for year

2,060

4,168

719

84,725

91,672

Eliminated on disposal

-

-

-

(154,907

)

(154,907

)

At 31 March 2025

48,624

31,192

11,089

690,244

781,149

NET BOOK VALUE

At 31 March 2025

9,240

26,451

3,743

467,776

507,210

At 31 March 2024

9,500

15,669

3,162

629,869

658,200

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

396,250

Transfer to ownership

(208,750

)

At 31 March 2025

187,500

DEPRECIATION

At 1 April 2024

181,576

Charge for year

32,201

Transfer to ownership

(105,681

)

At 31 March 2025

108,096

NET BOOK VALUE

At 31 March 2025

79,404

At 31 March 2024

214,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

218,657

135,075

Amounts owed by group undertakings

2,493

-

VAT

25,592

19,453

Prepayments

30,678

12,812

277,420

167,340

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

-

12,690

Hire purchase contracts

4,503

64,744

Trade creditors

107,836

110,894

Amounts owed to group undertakings

76,926

-

Amounts owed to participating interests

8,337

-

Corporation tax

149

149

Social security and other taxes

30,255

18,101

Other creditors

14,018

46,556

Accruals and deferred income

25,484

83,803

267,508

336,937

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

-

31,725

Hire purchase contracts

-

4,612

-

36,337

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

-

12,690

Amounts falling due between one and two years:

Bank loans

-

31,725

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

4,503

-

All hire purchase contracts are secured on the asset to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Adrian Harby (Senior Statutory Auditor)

for and on behalf of Lemans

12.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Transport Made Simple Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part of the group. The consolidated financial statements of Transport Made Simple Limited, within which this company is included, can be obtained from the address given in the ultimate controlling party note.

The following services, rent and associated costs were paid by the company to:

31.3.25

31.3.24

Companies under common control:

£

£

Vectare Ltd (formerly VBO Transport Ltd)

10,800

-

Associated companies

Lion Tyres (Essex) Ltd

6,401

-

Included in creditors at the year end were amounts owed by the company to:

31.3.25

31.3.24

Companies under common control

£

£

Vectare Ltd (formerly VBO Transport Ltd)

4,320

-

Associated companies

Lion Tyres (Essex) Ltd

4,017

-

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by Central Connect Transport Limited (formerly named Vectare Limited), which now owns 100% of the share capital of the company, the remaining 25% of the share capital being acquired from the director on 31 March 2025.

On 31 May 2024, following a group re-organisation, Central Connect Transport Limited became a subsidiary of Vectare Ltd (formerly named VBO Transport Ltd).

On 7 August 2024, following a demerger, Central Connect Transport Limited became a subsidiary of Transport Made Simple Limited, this company becoming the ultimate parent of the group. Transport Made Simple Limited is under the control of the directors D Kalantary and P Nathanail.

The consolidated results of the group are available from the company's registered office 29 Arboretum Street, Nottingham NG1 4JA.