Flowseal Limited - Filleted accounts

Registered number

01195021

Flowseal Limited

Filleted Accounts

31 December 2025

Flowseal Limited
Registered number: 01195021
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,836			2,506

Current assets
Stocks		10,200			12,100
Debtors	4	8,776			8,749
Cash at bank and in hand		14,295			16,346
		33,271			37,195

Creditors: amounts falling due within one year	5	(22,519)			(16,990)

Net current assets			10,752			20,205

Total assets less current liabilities			13,588			22,711

Provisions for liabilities			-			(476)

Net assets			13,588			22,235

Capital and reserves
Called up share capital			100			100
Profit and loss account			13,488			22,135

Shareholders' funds			13,588			22,235

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The statement of income and retained earnings has not been delivered to the Registrar of Companies.



……………………………………
J M Hollingshead
Director
Approved by the board on 18 June 2026

Flowseal Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, Section 1A (small entities). There have been no material departures from that standard.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the 'first in first out' method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2.00		2.00


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 January 2025				15,291
	Additions				645
	At 31 December 2025				15,936

	Depreciation
	At 1 January 2025				12,785
	Charge for the year				315
	At 31 December 2025				13,100

	Net book value
	At 31 December 2025				2,836
	At 31 December 2024				2,506


4	Debtors		2025		2024
£				£

	Trade debtors		2,697		4,264
	Deferred tax asset		1,554		-
	Other debtors		4,525		4,485
			8,776		8,749


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		4,602		4,713
	Taxation and social security costs		864		919
	Other creditors		17,053		11,358
			22,519		16,990


6	Other information

	Flowseal Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 25 The Parkwood Centre, Aston Road, Waterlooville, Hants, PO7 7HT.