REGISTERED NUMBER: 00228767 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Flexo Springs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W Fawcett

Mr J Hayward

Mr S Pilley

SECRETARY:

Mr J Hayward

REGISTERED OFFICE:

Hill Street

Kingswood

Bristol

BS15 4HB

REGISTERED NUMBER:

00228767 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Certified Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

BANKERS:

Lloyds TSB Bank plc

Regent Street

Kingswood

Bristol

BS15 8HT

FIXED ASSETS

Intangible assets

4

-

562

Tangible assets

5

174,952

200,692

174,952

201,254

CURRENT ASSETS

Stocks

155,567

168,579

Debtors

6

110,048

103,594

Cash at bank and in hand

100,935

112,116

366,550

384,289

CREDITORS

Amounts falling due within one year

7

140,051

136,366

NET CURRENT ASSETS

226,499

247,923

TOTAL ASSETS LESS CURRENT LIABILITIES

401,451

449,177

CREDITORS

Amounts falling due after more than one year

8

(100,454

)

(34,167

)

PROVISIONS FOR LIABILITIES

(33,017

)

(37,859

)

NET ASSETS

267,980

377,151

CAPITAL AND RESERVES

Called up share capital

11

4,340

4,340

Share premium

12

1,899

1,899

Other reserves

12

21,131

21,131

Retained earnings

12

240,610

349,781

SHAREHOLDERS' FUNDS

267,980

377,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 14th August 2026 and were signed on its behalf by:

Mr J Hayward - Director

1.	STATUTORY INFORMATION

Flexo Springs 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

Basis of preparing the financial statements

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 financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Impairment of trade debtors - The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile of debtors and historical experience.

Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use.

Turnover

Revenue from the sale of goods is recognised when the goods are delivered and title has passed to the customer. All turnover is derived from customers based in the United Kingdom.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash & cash equivalents definition

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2025

and 31st March 2026

6,750

AMORTISATION

At 1st April 2025

6,188

Charge for year

562

At 31st March 2026

6,750

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

562

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2025

634,345

33,562

9,525

677,432

Additions

2,161

395

2,776

5,332

Disposals

(4,839

)

-

1,932

(2,907

)

At 31st March 2026

631,667

33,957

14,233

679,857

DEPRECIATION

At 1st April 2025

436,476

31,163

9,101

476,740

Charge for year

29,689

264

310

30,263

Eliminated on disposal

(4,030

)

-

1,932

(2,098

)

At 31st March 2026

462,135

31,427

11,343

504,905

NET BOOK VALUE

At 31st March 2026

169,532

2,530

2,890

174,952

At 31st March 2025

197,869

2,399

424

200,692

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st April 2025

and 31st March 2026

96,300

DEPRECIATION

At 1st April 2025

8,426

Charge for year

13,181

At 31st March 2026

21,607

NET BOOK VALUE

At 31st March 2026

74,693

At 31st March 2025

87,874

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

91,649

100,625

Prepayments

18,399

2,969

110,048

103,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

14,835

-

Hire purchase contracts (see note 9)

10,000

10,000

Trade creditors

29,095

12,056

Amounts owed to group undertakings

4,000

-

Social security and other taxes

6,782

4,463

VAT

27,922

27,821

Other creditors

15,146

3,775

Directors' current accounts

4,241

-

Accrued expenses

28,030

78,251

140,051

136,366

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

15,936

-

Bank loans - 2-5 years

55,240

-

Bank loans more 5 yr by instal

5,111

-

Hire purchase contracts (see note 9)

24,167

34,167

100,454

34,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,111

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

10,000

10,000

Between one and five years

24,167

34,167

34,167

44,167

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

91,122

-

The Company's bank loan is secured by a fixed charge over the assets of the Company

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

10,000

Ordinary

£0.05

500

500

3,840

8% Preference

£1

3,840

3,840

4,340

4,340

12.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 1st April 2025

349,781

1,899

21,131

372,811

Deficit for the year

(7,912

)

(7,912

)

Dividends

(101,259

)

(101,259

)

At 31st March 2026

240,610

1,899

21,131

263,640

13.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £4,241 (2025: £nil) to a director.

At the balance sheet date, the Company owed £4,000 (2025: £nil) to Flexo Holdings Ltd. This Company is under common control.

These balances are unsecured, interest-free and repayable on demand.

15.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.