Flagpole Express Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06006635 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Flagpole Express Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Bowmer

K P O'Connor

REGISTERED OFFICE:

Unit 1 Heron Court

Merlin Way

Quarry Hill Industrial Estate

Ilkeston

Derbyshire

DE7 4RA

REGISTERED NUMBER:

06006635 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

The Old Manse

29 St. Mary Street

Ilkeston

Derbyshire

DE7 8AB

FIXED ASSETS

Tangible assets

4

65,285

67,900

CURRENT ASSETS

Stocks

94,645

93,709

Debtors

5

55,907

70,168

Cash at bank and in hand

294,149

201,465

444,701

365,342

CREDITORS

Amounts falling due within one year

6

213,169

181,832

NET CURRENT ASSETS

231,532

183,510

TOTAL ASSETS LESS CURRENT
LIABILITIES

296,817

251,410

CREDITORS

Amounts falling due after more than one
year

7

-

(7,016

)

PROVISIONS FOR LIABILITIES

(16,038

)

(16,690

)

NET ASSETS

280,779

227,704

CAPITAL AND RESERVES

Called up share capital

160

Retained earnings

280,619

227,544

SHAREHOLDERS' FUNDS

280,779

227,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 May 2026 and were signed on its behalf by:

S D Bowmer - Director

K P O'Connor - Director

1.	STATUTORY INFORMATION

Flagpole Express 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.

2.	ACCOUNTING POLICIES

Principal accounting policies

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.

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 financial statements.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 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.

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 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 January 2025

24,537

86,515

8,518

Additions

-

18,293

1,977

Disposals

-

(15,962

)

-

At 31 December 2025

24,537

88,846

10,495

DEPRECIATION

At 1 January 2025

24,537

64,356

4,890

Charge for year

-

8,852

618

Eliminated on disposal

-

(10,911

)

-

At 31 December 2025

24,537

62,297

5,508

NET BOOK VALUE

At 31 December 2025

-

26,549

4,987

At 31 December 2024

-

22,159

3,628

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

70,960

14,971

205,501

Additions

-

2,889

23,159

Disposals

-

(15,962

)

At 31 December 2025

70,960

17,860

212,698

DEPRECIATION

At 1 January 2025

34,554

9,264

137,601

Charge for year

9,102

2,151

20,723

Eliminated on disposal

-

(10,911

)

At 31 December 2025

43,656

11,415

147,413

NET BOOK VALUE

At 31 December 2025

27,304

6,445

65,285

At 31 December 2024

36,406

5,707

67,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

48,618

62,791

Prepayments

7,289

7,377

55,907

70,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

10,000

Trade creditors

52,019

33,925

Corporation tax

94,603

59,463

Social security and other taxes

39,371

28,997

Other creditors

498

404

Directors' current accounts

25,958

48,343

Accruals

720

700

213,169

181,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 2-5 years

-

7,016