REGISTERED NUMBER: 10572648 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

FLOW RIGHT SERVICES (NW) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTOR:

Mr L Davies

REGISTERED OFFICE:

Unit 17

Willows Activity Farm

Coursers Road

St Albans

Hertfordshire

AL4 0PF

REGISTERED NUMBER:

10572648 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Intangible assets

4

171,764

132,328

Tangible assets

5

264,330

317,606

436,094

449,934

CURRENT ASSETS

Debtors

6

55,912

93,110

Cash at bank

-

3,954

55,912

97,064

CREDITORS

Amounts falling due within one year

7

242,669

301,248

NET CURRENT LIABILITIES

(186,757

)

(204,184

)

TOTAL ASSETS LESS CURRENT LIABILITIES

249,337

245,750

CREDITORS

Amounts falling due after more than one year

8

299,102

214,948

NET (LIABILITIES)/ASSETS

(49,765

)

30,802

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(49,865

)

30,702

SHAREHOLDERS' FUNDS

(49,765

)

30,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 September 2026 and were signed by:

Mr L Davies - Director

1.	STATUTORY INFORMATION

Flow Right Services (NW) Ltd is a private company limited by shares, registered in England and Wales. The company's registered number is 10572648 and registered office address is Office 10, Berkeley House Barnet Road, London Colney, St. Albans, England, AL2 1BG.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill , being the amount paid in connection with the acquisition of the franchise in 2018 is been written off evenly over the remaining estimated useful life not exceeding 10 years .

App development

App development costs are amortised over 10 years on a straight line basis

The development cost during the year, was due to app development cost and it amortised over 10 years. The development costs are capitalised as an intangible asset based on certain criteria are met, including technical feasibility.

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 etc

-

20% on reducing balance

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Revenue recognition

Amounts due under contracts-not yet invoiced (work in progress) are valued in at the recoverable standard value of time charged by all personnel engaged in the provision of engineering services. Revenue is recognised as the contracts progress to reflect the partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

Going concern

The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflicts in Middle East and Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 February 2025

213,638

112,000

325,638

Additions

-

80,000

80,000

At 31 January 2026

213,638

192,000

405,638

AMORTISATION

At 1 February 2025

170,910

22,400

193,310

Charge for year

21,364

19,200

40,564

At 31 January 2026

192,274

41,600

233,874

NET BOOK VALUE

At 31 January 2026

21,364

150,400

171,764

At 31 January 2025

42,728

89,600

132,328

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

517,213

Additions

12,804

At 31 January 2026

530,017

DEPRECIATION

At 1 February 2025

199,607

Charge for year

66,080

At 31 January 2026

265,687

NET BOOK VALUE

At 31 January 2026

264,330

At 31 January 2025

317,606

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

Plant and

machinery

etc

£

COST

At 1 February 2025

190,364

Transfer to ownership

(36,301

)

Reclassification/transfer

166,727

At 31 January 2026

320,790

DEPRECIATION

At 1 February 2025

119,842

Transfer to ownership

(17,715

)

Reclassification/transfer

44,174

At 31 January 2026

146,301

NET BOOK VALUE

At 31 January 2026

174,489

At 31 January 2025

70,522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

43,412

80,147

Amounts recoverable on contract

12,500

12,963

55,912

93,110

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

23,276

12,000

Hire purchase contracts

69,278

75,482

Trade creditors

162

(1

)

Tax

53,051

50,761

Social security and other taxes

30,377

18,897

VAT

25,965

39,722

Other creditors - Net Wages

36,684

29,464

Pension contributions

2,658

1,869

Directors' current accounts

1,218

73,054

242,669

301,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans 2 - 1-2 years

12,000

12,000

Bank loans 2 - 2-5 years

20,977

31,587

Other loans - 1-2 years

120,139

-

Hire purchase contracts

145,986

171,361

299,102

214,948

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank overdraft

11,276

-

Bank loans

44,977

55,587

56,253

55,587

The Bank has a fixed and floating charge over all of the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 February 2025

30,702

Deficit for the year

(80,567

)

At 31 January 2026

(49,865

)

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company directors have provided personal guarantees, in relation to the bank loan and overdrafts.

13.	RELATED PARTY DISCLOSURES

Mr Lee Davies is the director of ML Facilities Ltd with 50% shareholding.

14.	GOING CONCERN

The Financial Statements have been prepared on a going concern basis. The company has Net Liabilities of £49,765.

The director has restructured the business and is confident that in the future the results will improve, strengthening the company's Balance Sheet.

The director has also provided assurances that he will continue supporting the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flow Right Services (NW) Ltd for the year ended 31 January 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

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

This report is made solely to the director of Flow Right Services (NW) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flow Right Services (NW) Ltd and state those matters that we have agreed to state to the director of Flow Right Services (NW) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flow Right Services (NW) Ltd and its director for our work or for this report.

It is your duty to ensure that Flow Right Services (NW) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Flow Right Services (NW) Ltd. You consider that Flow Right Services (NW) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flow Right Services (NW) Ltd. 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 statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

25 September 2026