REGISTERED NUMBER: 02726033 (England and Wales)

FLOW MECH PRODUCTS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Buckley

D C Buckley

I N Craft

T A Palmer

SECRETARY:

T A Palmer

REGISTERED OFFICE:

Unit 2 Plot 15

Meridian West

Meridian Business Park

Leicester

LE19 1WX

REGISTERED NUMBER:

02726033 (England and Wales)

AUDITORS:

Burrows Scarborough Limited

(Statutory Auditor)

Sovereign House

12 Warwick Street

Coventry

CV5 6ET

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

205,569

219,557

205,569

219,557

CURRENT ASSETS

Stocks

464,884

337,771

Debtors

6

578,743

463,905

Prepayments and accrued income

37,781

129,641

Cash at bank and in hand

933,301

840,148

2,014,709

1,771,465

CREDITORS

Amounts falling due within one year

7

698,638

746,179

NET CURRENT ASSETS

1,316,071

1,025,286

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,640

1,244,843

PROVISIONS FOR LIABILITIES

(16,364

)

(19,400

)

ACCRUALS AND DEFERRED INCOME

(46,468

)

(16,575

)

NET ASSETS

1,458,808

1,208,868

CAPITAL AND RESERVES

Called up share capital

9

2,400

2,400

Retained earnings

1,456,408

1,206,468

SHAREHOLDERS' FUNDS

1,458,808

1,208,868

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

I N Craft - Director

T A Palmer - Director

1.	STATUTORY INFORMATION

Flow Mech Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when significant risks and rewards of ownership have have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

Land and buildings are depreciated at 2% straight line.

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 31 March 2025

60,000

AMORTISATION

At 1 July 2024

and 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

and 31 March 2025

194,447

343,739

538,186

DEPRECIATION

At 1 July 2024

61,272

257,357

318,629

Charge for period

974

13,014

13,988

At 31 March 2025

62,246

270,371

332,617

NET BOOK VALUE

At 31 March 2025

132,201

73,368

205,569

At 30 June 2024

133,175

86,382

219,557

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

578,543

463,105

Other debtors

200

800

578,743

463,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

51,147

19,936

Trade creditors

455,582

496,569

Amounts owed to group undertakings

4,495

-

Taxation and social security

187,214

224,032

Other creditors

200

5,642

698,638

746,179

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

5,096

6,939

Between one and five years

-

4,204

5,096

11,143

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,920

Ordinary A

£1.00

1,920

1,920

480

Ordinary B

£1.00

480

480

2,400

2,400

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were not appointed as auditor of the company until after 30 June 2024 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 30 June 2024, which are included in the balance sheet at £337,771, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters required to report by exception

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report

to your if, in our opinion:

Nicholas Burrows BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Burrows Scarborough Limited

11.	ULTIMATE CONTROLLING PARTY

The companys ultimate parent undertaking is Electrical and Pump Services Limited as from 30 September 2024.

Electrical and Pump Services Limited is regarded as both the controlling party and the ultimate controlling party.

The parent of the largest group in which the results are consolidated is Electrical and Pump Services Limited.

Electrical and Pump Services Limited is registered in Ireland company number 37769, registered office, IDA Business & Technology Park, Mallow, Cork, Ireland.