FLOTE.WORKS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11007604

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		786		884
Tangible Assets	5		83,826		92,541

			84,612		93,425
CURRENT ASSETS
Debtors	6	-		430
Cash at bank and in hand		217		268

		217		698
Creditors: Amounts Falling Due Within One Year	7	(133,918 )		(112,447 )

NET CURRENT ASSETS (LIABILITIES)			(133,701 )		(111,749 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,089 )		(18,324 )

NET LIABILITIES			(49,089 )		(18,324 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(49,189 )		(18,424 )

SHAREHOLDERS' FUNDS			(49,089)		(18,324)

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FLOTE.WORKS LIMITED

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Peter Paddick

Director

28/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FLOTE.WORKS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11007604 . The registered office is 3 Goulders Cottages Upper Culham Road, Wargrave, RG10 8NJ.

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.

2.2. Going Concern Disclosure

At 31 October 2025 the company had net liabilities of £49,089 (2024: £18,324) and net current liabilities of £133,701 (2024: £111,749). Of the creditors falling due within one year, £105,503 is owed to the director, Mr Peter Paddick, and to a company under his control (director’s loan account £88,428 and trade creditors £18,389).

The director and that company have confirmed that they will not seek repayment of these amounts until the company has sufficient funds to do so. The director has also confirmed that he will continue to provide the financial support the company needs to meet its other liabilities as they fall due, for a period of at least twelve months from the date of approval of these financial statements.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would be needed if this support were withdrawn.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are licences. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. 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

8 years straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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FLOTE.WORKS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2024	982

As at 31 October 2025	982

Amortisation
As at 1 November 2024	98
Provided during the period	98

As at 31 October 2025	196

Net Book Value
As at 31 October 2025	786

As at 1 November 2024	884

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 November 2024	105,761
Additions	5,148

As at 31 October 2025	110,909

Depreciation
As at 1 November 2024	13,220
Provided during the period	13,863

As at 31 October 2025	27,083

Net Book Value
As at 31 October 2025	83,826

As at 1 November 2024	92,541

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	-	430

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FLOTE.WORKS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	18,388
Bank loans and overdrafts	-	8,302
Other loans	26,003	26,003
VAT	98	-
Amounts owed to Bug Amusements Ltd	18,388	-
Accruals and deferred income	1,000	-
Director's loan account	88,428	59,754

	133,918	112,447

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At 31 October 2025 the company owed £88.428 (2024: £59,754) to the director, Mr Peter Paddick. The loan is interest free, unsecured and repayable on demand. £18,389 (2024: £18,388) was owed at the year end to a company controlled by the director.

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