Fluxx Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07605422 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Fluxx Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Poole

P Dawson

REGISTERED OFFICE:

9 Marshalsea Road

London

SE1 1EP

REGISTERED NUMBER:

07605422 (England and Wales)

ACCOUNTANTS:

Alan Griffin FCA

TBLC Limited

FIXED ASSETS

Tangible assets

4

62,766

44,530

CURRENT ASSETS

Debtors

5

578,905

1,195,273

Cash at bank

1,861,189

1,383,644

2,440,094

2,578,917

CREDITORS

Amounts falling due within one year

6

594,749

617,129

NET CURRENT ASSETS

1,845,345

1,961,788

TOTAL ASSETS LESS CURRENT LIABILITIES

1,908,111

2,006,318

CREDITORS

Amounts falling due after more than one year

7

30,326

-

NET ASSETS

1,877,785

2,006,318

CAPITAL AND RESERVES

Called up share capital

8

1,025

1,025

Share premium

5,787

5,787

Retained earnings

1,870,973

1,999,506

SHAREHOLDERS' FUNDS

1,877,785

2,006,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 December 2020 and were signed on its behalf by:

R Poole - Director

1.	STATUTORY INFORMATION

Fluxx 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.

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.

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

-

33% 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.

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

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.

Turnover

Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2019 - 43 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

229,611

Additions

66,066

Disposals

(12,796

)

At 30 April 2020

282,881

DEPRECIATION

At 1 May 2019

185,081

Charge for year

47,830

Eliminated on disposal

(12,796

)

At 30 April 2020

220,115

NET BOOK VALUE

At 30 April 2020

62,766

At 30 April 2019

44,530

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

449,773

1,099,659

Amounts recoverable on contract

47,007

-

Other debtors

82,125

95,614

578,905

1,195,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

120,591

104,884

Taxation and social security

268,090

199,659

Other creditors

206,068

312,586

594,749

617,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

30,326

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.20

30.4.19

value:

£

£

102,464

Ordinary

.01

1,025

1,025