Flanx Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09109998 (England and Wales)

Financial Statements for the Year Ended 31 July 2018

for

Flanx Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs F Asllani

REGISTERED OFFICE:

156 Essex Road

London

N1 8LY

REGISTERED NUMBER:

09109998 (England and Wales)

ACCOUNTANTS:

Ortenz & Co Ltd

354 High Street North

London

E12 6PH

FIXED ASSETS

Intangible assets

4

2,000

4,000

Tangible assets

5

732

1,088

2,732

5,088

CURRENT ASSETS

Cash at bank and in hand

7,384

1,088

CREDITORS

Amounts falling due within one year

6

7,933

4,289

NET CURRENT LIABILITIES

(549

)

(3,201

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,183

1,887

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,083

1,787

SHAREHOLDERS' FUNDS

2,183

1,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 January 2019 and were signed by:

Mrs F Asllani - Director

1.	STATUTORY INFORMATION

Flanx Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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.

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 a business over the value of fixed assets,

and is being amortised evenly over its estimated useful life of 5 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

-

20% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

10,000

AMORTISATION

At 1 August 2017

6,000

Charge for year

2,000

At 31 July 2018

8,000

NET BOOK VALUE

At 31 July 2018

2,000

At 31 July 2017

4,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

1,777

DEPRECIATION

At 1 August 2017

689

Charge for year

356

At 31 July 2018

1,045

NET BOOK VALUE

At 31 July 2018

732

At 31 July 2017

1,088

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

(1

)

-

Taxation and social security

1,039

3,489

Other creditors

6,895

800

7,933

4,289