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REGISTERED NUMBER: 05067085 (England and Wales)













FLEXITECH MARKETING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020






FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FLEXITECH MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTOR: Mr. R Dickens





REGISTERED OFFICE: Cape Horn Cottage
Well Road
East Aberthaw
Rhoose
CF62 3DF





REGISTERED NUMBER: 05067085 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2020

2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,953 1,741

CURRENT ASSETS
Debtors 5 467 5,209
Cash at bank 7,908 4,742
8,375 9,951
CREDITORS
Amounts falling due within one year 6 4,496 7,635
NET CURRENT ASSETS 3,879 2,316
TOTAL ASSETS LESS CURRENT LIABILITIES 7,832 4,057

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,831 4,056
SHAREHOLDERS' FUNDS 7,832 4,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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.

FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19th January 2021 and were signed by:





Mr. R Dickens - Director


FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020


1. STATUTORY INFORMATION

Flexitech Marketing 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1st April 2019 4,107 2,550 6,657
Additions 3,200 - 3,200
At 31st March 2020 7,307 2,550 9,857
DEPRECIATION
At 1st April 2019 3,187 1,729 4,916
Charge for year 824 164 988
At 31st March 2020 4,011 1,893 5,904
NET BOOK VALUE
At 31st March 2020 3,296 657 3,953
At 31st March 2019 920 821 1,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors 392 5,209
Other debtors 75 -
467 5,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Taxation and social security 3,181 5,843
Other creditors 1,315 1,792
4,496 7,635

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £ £
1 Ordinary £1 1 1

FLEXITECH MARKETING LIMITED (REGISTERED NUMBER: 05067085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


8. RELATED PARTY DISCLOSURES

During the year the company invoiced Safety Technology Limited services amounting to £22,662 (2019 - £29,109), a company in which Mr. R.A. Dickens has a controlling interest.

As at the year end the company was owed £532 (2019 - £5,349) by Safety Technology Limited in respect of trade balances.