Flexiblegridpower3 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10684284 (England and Wales)

Unaudited Financial Statements

for the Period 22 March 2017 to 30 June 2018

for

Flexiblegridpower3 Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Quinlan

K S Gains

SECRETARY:

Miss P Tapley

REGISTERED OFFICE:

5th Floor, 53-54 Grosvenor Street

London

W1K 3HU

REGISTERED NUMBER:

10684284 (England and Wales)

ACCOUNTANTS:

Eagle Accountancy (UK) Limited

2 Coracle Offices

St Catherine Street

Carmarthen

Carmarthenshire

SA31 1RD

FIXED ASSETS

Intangible assets

4

35,071

Tangible assets

5

100,301

135,372

CURRENT ASSETS

Debtors

6

36,561

Cash at bank

31,879

68,440

CREDITORS

Amounts falling due within one year

7

229,251

NET CURRENT LIABILITIES

(160,811

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,439

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(26,439

)

(25,439

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2018 and were signed on its behalf by:

R J Quinlan - Director

K S Gains - Director

1.	STATUTORY INFORMATION

Flexiblegridpower3 Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Pro fees & stamp duty are being amortised evenly over their estimated useful life of twenty five years.

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

-

at varying rates on cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

36,917

At 30 June 2018

36,917

AMORTISATION

Charge for period

1,846

At 30 June 2018

1,846

NET BOOK VALUE

At 30 June 2018

35,071

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

105,580

At 30 June 2018

105,580

DEPRECIATION

Charge for period

5,279

At 30 June 2018

5,279

NET BOOK VALUE

At 30 June 2018

100,301

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

20,000

VAT

14,632

Deferred tax asset

Accelerated capital allowances

1,929

36,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

228,686

Accruals and deferred income

565

229,251