Company No: 00570345 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	50,985		57,358
Tangible assets	4	624,154		484,429
		675,139		541,787
Current assets
Stocks		1,088,384		977,123
Debtors	5	1,262,366		771,423
Cash at bank and in hand		882,234		1,305,514
		3,232,984		3,054,060
Creditors: amounts falling due within one year	6	( 487,032)		( 480,242)
Net current assets		2,745,952		2,573,818
Total assets less current liabilities		3,421,091		3,115,605
Creditors: amounts falling due after more than one year	7	( 73,450)		0
Provision for liabilities		( 53,608)		( 12,310)
Net assets		3,294,033		3,103,295
Capital and reserves
Called-up share capital	8	15,000		15,000
Profit and loss account		3,279,033		3,088,295
Total shareholders' funds		3,294,033		3,103,295

For the financial year ending 31 August 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Flann Microwave Limited (registered number: 00570345) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

N C F Cooke-Fleming Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flann Microwave Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Dunmere Road, Bodmin, Cornwall, PL31 2QL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	not depreciated
	50 years straight line
Plant and machinery	5 - 7 years straight line
Fixtures and fittings	4 - 10 years straight line
Tools and equipment	4 years straight line
Computer equipment	2 - 10 years straight line
Other property, plant and equipment	5 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	57		56

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 September 2024	63,731		63,731
At 31 August 2025	63,731		63,731
Accumulated amortisation
At 01 September 2024	6,373		6,373
Charge for the financial year	6,373		6,373
At 31 August 2025	12,746		12,746
Net book value
At 31 August 2025	50,985		50,985
At 31 August 2024	57,358		57,358

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Tools and equipment		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 September 2024	315,842		363,792		81,963		13,800		119,038		233,068		1,127,503
Additions	0		151,915		9,730		0		6,602		108,057		276,304
Disposals	0		0		( 847)		0		0		0		( 847)
At 31 August 2025	315,842		515,707		90,846		13,800		125,640		341,125		1,402,960
Accumulated depreciation
At 01 September 2024	227,842		153,652		41,461		5,898		60,908		153,313		643,074
Charge for the financial year	0		60,907		8,276		2,760		27,167		37,241		136,351
Disposals	0		0		( 619)		0		0		0		( 619)
At 31 August 2025	227,842		214,559		49,118		8,658		88,075		190,554		778,806
Net book value
At 31 August 2025	88,000		301,148		41,728		5,142		37,565		150,571		624,154
At 31 August 2024	88,000		210,140		40,502		7,902		58,130		79,755		484,429

5. Debtors

	2025		2024
	£		£
Trade debtors	950,720		406,021
Corporation tax	146,046		180,842
Other debtors	165,600		184,560
	1,262,366		771,423

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	200,130		226,966
Other taxation and social security	82,356		50,181
Other creditors	204,546		203,095
	487,032		480,242

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	73,450		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
15,000 Ordinary shares shares of £ 1.00 each	15,000		15,000

9. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	912		1,368