ACCOUNTS - Final Accounts preparation

Registered number: 04280016

FLESH EATERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FLESH EATERS LIMITED

REGISTERED NUMBER: 04280016

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	15,220		15,013
Cash at bank	5	215,513		278,655
		230,733		293,668
Creditors: amounts falling due within one year	6	(113,308)		(176,077)
Net current assets			117,425		117,591
Total assets less current liabilities			117,425		117,591

Net assets			117,425		117,591

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		117,424	117,590
		117,425	117,591

FLESH EATERS LIMITED

REGISTERED NUMBER: 04280016

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Hewlett

Director

Date: 22 May 2026

The notes on pages 3 to 6 form part of these financial statements.

FLESH EATERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Flesh Eaters Limited is a private company, limited by shares, registered in England and Wales, registration number 04280016. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of design and artwork.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from design and artwork services is recognised when it is probable that the company will receive the consideration due under the contract.

Royalties receivable are recognised at the year end date by the company per the royalty statements.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

FLESH EATERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings

years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

FLESH EATERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Debtors

					28 February	29 February
					2025	2024
					£	£


Trade debtors	489	-
Other debtors	-	1,734
Prepayments	14,731	13,279
	15,220	15,013

5.	Cash
		28 February	29 February
		2025	2024
		£	£

	Cash at bank	215,513	278,655

6.	Creditors: amounts falling due within one year
		28 February	29 February
		2025	2024
		£	£

Trade creditors	2,456	22,857
Corporation tax	4,300	-
Other taxation and social security	2,467	12,905
Other creditors	94,388	120,957
Accruals	9,697	19,358
	113,308	176,077

7.	Share capital
		28 February	29 February
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

FLESH EATERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

8.	Transactions with directors

At the year end, a balance of £92,678 (2024 - £120,883) was owed by the company to the director. The loan is unsecured, interest free and repayable on demand.