Company No: 08093846 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

K Bath

REGISTERED OFFICE	Trevena House
	11 Trevena Terrace
	Newquay
	TR7 1LJ
	United Kingdom

COMPANY NUMBER

08093846 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Lowin House
	Tregolls Road
	Truro
	Cornwall TR1 2NA

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	54,827		53,232
		54,827		53,232
Current assets
Debtors	4	434,836		398,103
Cash at bank and in hand		24,040		130,939
		458,876		529,042
Creditors: amounts falling due within one year	5	( 320,501)		( 364,913)
Net current assets		138,375		164,129
Total assets less current liabilities		193,202		217,361
Creditors: amounts falling due after more than one year	6	( 18,368)		( 28,136)
Provision for liabilities		( 10,182)		( 10,098)
Net assets		164,652		179,127
Capital and reserves
Called-up share capital		1		1
Profit and loss account		164,651		179,126
Total shareholders' funds		164,652		179,127

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Flow Mobile Limited (registered number: 08093846) were approved and authorised for issue by the Director on 15 April 2024. They were signed on its behalf by:

K Bath Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flow Mobile Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trevena House, 11 Trevena Terrace, Newquay, TR7 1LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	20 - 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Government grants

Revenue grants have been received in the year and have been written off to the profit and loss account.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	21		29

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 August 2022	12,840		98,471		111,311
Additions	2,338		15,164		17,502
Disposals	0		( 2,970)		( 2,970)
At 31 July 2023	15,178		110,665		125,843
Accumulated depreciation
At 01 August 2022	0		58,079		58,079
Charge for the financial year	0		14,213		14,213
Disposals	0		( 1,276)		( 1,276)
At 31 July 2023	0		71,016		71,016
Net book value
At 31 July 2023	15,178		39,649		54,827
At 31 July 2022	12,840		40,392		53,232

4. Debtors

	2023		2022
	£		£
Trade debtors	218,140		269,130
Corporation tax	124,921		0
Other debtors	91,775		128,973
	434,836		398,103

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans and overdrafts	87,940		54,300
Trade creditors	24,847		17,786
Taxation and social security	116,220		284,658
Other creditors	91,494		8,169
	320,501		364,913

6. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	18,368		28,136

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2023		2022
	£		£
within one year	0		2,556

8. Related party transactions

Transactions with the entity's director

	2023		2022
	£		£
Mr K Bath (Director and shareholder) - Interest free loan	46,808		82,673

During the year, Mr K Bath introduced funds amounting to £57,292 (2022 £43,114 ) and withdrew funds totalling £21,429 (2022 £47,991).