Flex Technologies Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07746432 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 21 September 2016

for

Flex Technologies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

E Boyarov

REGISTERED OFFICE:

67 Wingate Street

LONDON

SW4 0AF

REGISTERED NUMBER:

07746432 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Tangible assets

2

2,360

750

CURRENT ASSETS

Stocks

18,800

4,257

Debtors

4,538

2,318

Cash at bank

30,817

27,204

54,155

33,779

CREDITORS

Amounts falling due within one year

13,608

4,832

NET CURRENT ASSETS

40,547

28,947

TOTAL ASSETS LESS CURRENT LIABILITIES

42,907

29,697

CAPITAL AND RESERVES

Called up share capital

3

95,700

71,750

Profit and loss account

(52,793

)

(42,053

)

SHAREHOLDERS' FUNDS

42,907

29,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 21 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 21 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 June 2017 and were signed by:

E Boyarov - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and

in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 22 September 2015

2,370

Additions

1,797

At 21 September 2016

4,167

DEPRECIATION

At 22 September 2015

1,620

Charge for year

187

At 21 September 2016

1,807

NET BOOK VALUE

At 21 September 2016

2,360

At 21 September 2015

750

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

21.9.16

21.9.15

value:

£

£

95,700

Ordinary

£1

95,700

71,750

23,950 Ordinary shares of £1 each were allotted and fully paid for cash at par during

the year.

4.	ULTIMATE PARENT COMPANY

Bioglow Limited is regarded by the director as being the company's ultimate parent

company.