1 January 2024 false No description of principal activity Taxfiler 2024.6 12377530 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12377530 2023-12-31 12377530 2024-01-01 2024-12-31 12377530 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12377530 business:FilletedAccounts 2024-01-01 2024-12-31 12377530 2024-12-31 12377530 2023-12-31 12377530 core:WithinOneYear 2024-12-31 12377530 core:WithinOneYear 2023-12-31 12377530 core:AfterOneYear 2024-12-31 12377530 core:AfterOneYear 2023-12-31 12377530 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 12377530 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 12377530 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 12377530 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 12377530 core:PreviouslyStatedAmount 2024-12-31 12377530 core:PreviouslyStatedAmount 2023-12-31 12377530 business:SmallEntities 2024-01-01 2024-12-31 12377530 business:Director1 2024-01-01 2024-12-31 12377530 countries:EnglandWales 2024-01-01 2024-12-31 12377530 business:RegisteredOffice 2024-01-01 2024-12-31 12377530 core:FurnitureFittings 2024-01-01 2024-12-31 12377530 core:FurnitureFittings 2023-12-31 12377530 core:FurnitureFittings 2024-12-31 12377530 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
FLEXWEARS UK LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,895
4,001
Current assets
Inventories
177,550
211,500
Debtors
5
6,497
4,127
Cash at bank and in hand
465
2,985
184,512
218,612
Creditors: amounts falling due within one year
6
(152,054)
(181,498)
Net current assets
32,458
37,114
Total assets less current liabilities
34,353
41,115
Creditors: amounts falling due after more than one year
7
(13,508)
(24,075)
Net assets
20,845
17,040
Capital and reserves
Called up share capital
10
10
Profit and loss account
20,835
17,030
Shareholders' funds
20,845
17,040
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 December 2025 and were signed on its behalf by
Abdul Shukoor Director Company Registration No. 12377530
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FLEXWEARS UK LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
FLEXWEARS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12377530. The registered office is Unit 2 , 35 Broughton Street, Manchester, M8 8LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
10,530
At 31 December 2024
10,530
Depreciation
At 1 January 2024
6,529
Charge for the year
2,106
At 31 December 2024
8,635
Net book value
At 31 December 2024
1,895
At 31 December 2023
4,001
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
6,497
4,127
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FLEXWEARS UK LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
16,718
28,504
Trade creditors
29,874
61,931
Taxes and social security
15,998
2,971
Loans from directors
84,942
80,449
Accruals
4,522
7,643
152,054
181,498
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
13,508
24,075
8
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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