Flexicon UK Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Flexicon UK Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006,we have prepared for your approval the accounts of Flexicon UK Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Flexicon UK Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Flexicon UK Limited and state those matters that we have agreed to state to the directors of Flexicon UK Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flexicon UK Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Flexicon UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Flexicon UK Limited . You consider that Flexicon UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Flexicon UK Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

4th September 2026

Dufton Kellner Ltd

Chartered Accountants

Barnston House

Beacon Lane

Wirral

CH60 0EE

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Flexicon UK Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 06497490

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		132,648		176,001
Investments	5		969,265		895,524

			1,101,913		1,071,525
CURRENT ASSETS
Stocks	6	161,243		109,856
Debtors	7	830,715		945,548
Cash at bank and in hand		373,002		467,663

		1,364,960		1,523,067
Creditors: Amounts Falling Due Within One Year	8	(172,926 )		(201,220 )

NET CURRENT ASSETS (LIABILITIES)			1,192,034		1,321,847

TOTAL ASSETS LESS CURRENT LIABILITIES			2,293,947		2,393,372

PROVISIONS FOR LIABILITIES
Deferred Taxation			(61,873 )		(54,779 )

NET ASSETS			2,232,074		2,338,593

CAPITAL AND RESERVES
Called up share capital	10		102		102
Non-distributable reserve			156,332		90,971
Profit and Loss Account			2,075,640		2,247,520

SHAREHOLDERS' FUNDS			2,232,074		2,338,593

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Flexicon UK Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N Carmichael

Director

4th September 2026

The notes on pages 4 to 7 form part of these financial statements.

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Flexicon UK Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Flexicon UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06497490 . The registered office is Barnston House, Beacon Lane, Heswall, Wirral, CH60 0EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% written down value
Motor Vehicles	25% written down value
Fixtures & Fittings	25% written down value
Computer Equipment	25% written down value

2.4. Stocks and Work in Progress

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 stocks. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Flexicon UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Investments

Investments are included at fair value with any gain or loss arising from changes in fair value being recognised in the

profit and loss account. Deferred tax is provided on the gain or loss at the current tax rate.

3. Average Number of Employees

Average number of employees during the year was: 15 (2025: 16)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	54,936	329,880	5,541	12,848	403,205
Additions	-	-	-	708	708

As at 31 March 2026	54,936	329,880	5,541	13,556	403,913

Depreciation
As at 1 April 2025	41,044	173,381	2,846	9,933	227,204
Provided during the period	3,474	39,125	674	788	44,061

As at 31 March 2026	44,518	212,506	3,520	10,721	271,265

Net Book Value
As at 31 March 2026	10,418	117,374	2,021	2,835	132,648

As at 1 April 2025	13,892	156,499	2,695	2,915	176,001

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	895,524
Revaluations	73,741

As at 31 March 2026	969,265

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	969,265

As at 1 April 2025	895,524

6. Stocks

	2026	2025
	£	£
Stock	91,571	75,085
Work in progress	69,672	34,771

	161,243	109,856

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Flexicon UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	238,340	377,066
Other debtors	479,648	456,126

	717,988	833,192
Due after more than one year
Other debtors	112,727	112,356

	830,715	945,548

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	110,765	99,134
Other creditors	6,193	13,345
Taxation and social security	55,968	88,741

	172,926	201,220

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	102	102

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	15,188	14,747
Later than one year and not later than five years	15,644	30,832

	30,832	45,579

The company has entered into a five year lease for the rental of its business premises which expires in March 2028. The amounts shown are the total cost payable over the remainder of the lease.

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Flexicon UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Neil Carmichael	216,645	3,382	-	-	220,027
Mr James Perkins	126,065	-	2,810	-	123,255

The above loans are unsecured, interest free and repayable on demand.

The total balance of the directors' loan accounts of £343,282 (2025 - £342,710) is included in Note 6 Debtors in the Other debtors balance under Amounts falling due within one year of £479,365 (2025 - £456,126).

13. Reserves

	Non-distributable reserve	Profit and Loss Account
	£	£
As at 1 April 2025	90,971	2,247,520
Profit for the year and total comprehensive income	-	30,812

Dividends paid	-	(122,000)
Revaluation	80,692	-
Deferred tax movement	(15,331)	-
Revaluation transfer	-	(80,692)

As at 31 March 2026	156,332	2,075,640

14. Related Party Transactions

A staff loan to a family member has been written off in the financial year to 31 March 2026. The total amount written-off, including employers national insurance, is £54,160.

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