Flow&Ebb Limited - Accounts to registrar (filleted) - small 18.2

Flow&Ebb Limited - Accounts to registrar (filleted) - small 18.2

FLOW&EBB LIMITED - Company Information

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REGISTERED NUMBER: 09891670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FLOW&EBB LIMITED
FLOW&EBB LIMITED (REGISTERED NUMBER: 09891670)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLOW&EBB LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2021







DIRECTORS: T D Lawrence
G R J Cockburn





SECRETARY:





REGISTERED OFFICE: Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ





REGISTERED NUMBER: 09891670 (England and Wales)





ACCOUNTANTS: Hockley Wright & Co. Ltd.
Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ
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FLOW&EBB LIMITED (REGISTERED NUMBER: 09891670)

BALANCE SHEET
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,791 2,400

CURRENT ASSETS
Stocks 6 - 20,000
Debtors 7 66,172 78,313
Cash at bank 107,939 103,244
174,111 201,557
CREDITORS
Amounts falling due within one year 8 91,464 100,101
NET CURRENT ASSETS 82,647 101,456
TOTAL ASSETS LESS CURRENT LIABILITIES 88,438 103,856

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 39,900 39,900
Retained earnings 47,538 62,956
SHAREHOLDERS' FUNDS 88,438 103,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 8 November 2021 and were signed on its behalf by:




G R J Cockburn - Director



T D Lawrence - Director


The notes form part of these financial statements

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FLOW&EBB LIMITED (REGISTERED NUMBER: 09891670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Flow&Ebb 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. STATEMENT OF COMPLIANCE

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. There have been no material departures from FRS102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

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FLOW&EBB LIMITED (REGISTERED NUMBER: 09891670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2020 11,346
Additions 5,588
At 31 March 2021 16,934
DEPRECIATION
At 1 April 2020 8,946
Charge for year 2,197
At 31 March 2021 11,143
NET BOOK VALUE
At 31 March 2021 5,791
At 31 March 2020 2,400

6. STOCKS
31.3.21 31.3.20
£    £   
Work-in-progress - 20,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 60,412 78,313
Other debtors 5,760 -
66,172 78,313

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 3,461 1,634
Taxation and social security 77,311 89,548
Other creditors 10,692 8,919
91,464 100,101

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors', Flow&Ebb Limited is the Ultimate Controlling Party. The Company is controlled by its directors' G R J Cockburn and T D Lawrence, by virtue of the fact that they between them, own 90% of the Company's ordinary issued share capital.

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