FLEXCARGO LIMITED

FLEXCARGO LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	2,468	1,206
Investments	4	23,356	23,356
		25,824	24,562
Current assets
Stocks	5	53,365	0
Debtors	6	231,647	231,892
Cash at bank and in hand		20,155	17,119
		305,167	249,011
Creditors: amount falling due within one year	7	(328,763)	(271,010)
Net current assets		(23,596)	(21,999)

Total assets less current liabilities		2,228	2,563
Net assets		2,228	2,563

Capital and reserves
Called up share capital		120	120
Profit and loss account		2,108	2,443
Shareholders' funds		2,228	2,563

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 December 2025 and were signed on its behalf by:

-------------------------------
Abdullah Akbar KHAN
Director

FLEXCARGO LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

FLEXCARGO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12518082, registration address VENTURE HOUSE DOWNSHIRE WAY, 2 ARLINGTON SQUARE BRACKNELL, RG12 1WA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 2).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	2,128	-	2,128
Additions	-	1,879	1,879
Disposals	-	-	-
At 31 March 2025	2,128	1,879	4,007
Depreciation
At 01 April 2024	922	-	922
Charge for year	241	376	617
On disposals	-	-	-
At 31 March 2025	1,163	376	1,539
Net book values
Closing balance as at 31 March 2025	965	1,503	2,468
Opening balance as at 01 April 2024	1,206	-	1,206

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	23,356	23,356
Additions	-	-
Disposals	-	-
At 31 March 2025	23,356	23,356

Stocks

	2025 £		2024 £
Work in Progress - BS	53,365		0
	53,365		0

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	180,130	214,904
Factoring Receivable – Optimum Finance	34,678	0
VAT	16,839	16,988
	231,647	231,892

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	176,520	217,389
Bank Loans & Overdrafts	0	17,674
Corporation Tax	28,628	29,099
Accrued Expenses	0	1,995
Capital On Tap - credit card	13,431	4,755
Factoring Liability – Optimum Finance	110,184	0
Directors' Current Accounts	0	98
	328,763	271,010

Registered Number: 12518082
England and Wales
FLEXCARGO LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025