REGISTERED NUMBER: OC339647 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 DECEMBER 2024

FOR

FLEXRITE CHEMGIENE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G V Caswell

S J Caswell

G Caswell Engineering Limited

REGISTERED OFFICE:

Units 2-4 Manton Road

Rushden

Northamptonshire

NN10 0JT

REGISTERED NUMBER:

OC339647 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

4

6,075

8,295

CURRENT ASSETS

Stocks

295,000

318,003

Debtors

5

289,378

174,115

Cash at bank and in hand

15,566

12,552

599,944

504,670

CREDITORS

Amounts falling due within one year

6

601,219

476,081

NET CURRENT (LIABILITIES)/ASSETS

(1,275

)

28,589

TOTAL ASSETS LESS CURRENT LIABILITIES

4,800

36,884

CREDITORS

Amounts falling due after more than one year

7

4,800

15,424

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

21,460

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

-

21,460

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

-

21,460

Amounts due from members

5

(123,578

)

-

(123,578

)

21,460

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 28 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

G V Caswell - Designated member

1.	STATUTORY INFORMATION

FlexRite Chemgiene LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 25% on cost

STOCKS

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

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

GOING CONCERN

The accounts have been prepared on the going concern basis as the members undertake to supply funds to allow the LLP to meet its debts as they fall due for the foreseeable future.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 December 2023

and 28 December 2024

214,729

DEPRECIATION

At 29 December 2023

206,434

Charge for year

2,220

At 28 December 2024

208,654

NET BOOK VALUE

At 28 December 2024

6,075

At 28 December 2023

8,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

150,550

152,477

Other debtors

138,828

21,638

289,378

174,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,200

9,576

Trade creditors

447,510

379,261

Taxation and social security

139,625

79,795

Other creditors

3,884

7,449

601,219

476,081

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,800

15,424

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.