Flux Homes Ltd
Flux Homes Ltd
Registered number: 13550055
Unaudited Financial Statements
For the Period
5 August 2021
to
31 August 2022
Flux Homes Ltd
Unaudited Financial Statements
For the Period
5 August 2021
to
31 August 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Flux Homes Ltd
Balance Sheet
As at
31 August 2022
Balance Sheet
Registered number:
13550055
For the period ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
31 August 2022 | |||
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Notes | £ | £ | |
CURRENT ASSETS | |||
Stocks | 3 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||
Called up share capital | 5 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (9,782) | ||
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
Director
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Director
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The notes on page 2 form part of these financial statements.
Flux Homes Ltd
Notes to the Financial Statements
For the Period
5 August 2021
to
31 August 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
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
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.3.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
2.
Average Number of Employees
The average number of employees, including directors, during the year was 4
3.
Stocks
31 August 2022 | |
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£ | |
Stock - work in progress |
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4.
Creditors: Amounts Falling Due Within One Year
31 August 2022 | |
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£ | |
Directors' loan accounts |
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6.
General Information
Flux Homes Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13550055
. The registered office is 184 Henleaze Road, Henleaze, Bristol, BS9 4NE.