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REGISTERED NUMBER: 04721761 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

FLAIR OFFICE SUPPLIES LIMITED

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAIR OFFICE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTORS: Steven J. Conduit
Sally J. Conduit





SECRETARY: Sally J. Conduit





REGISTERED OFFICE: 78 Warfield Road
Kelleythorpe Industrial Est
Kelleythorpe
Driffield
East Yorkshire
YO25 9DJ





REGISTERED NUMBER: 04721761 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,712 62,599
52,712 62,599

CURRENT ASSETS
Stocks 53,478 45,303
Debtors 6 145,811 162,009
Cash at bank 44,089 62,800
243,378 270,112
CREDITORS
Amounts falling due within one year 7 166,482 200,842
NET CURRENT ASSETS 76,896 69,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,608

131,869

PROVISIONS FOR LIABILITIES 8,574 8,574
NET ASSETS 121,034 123,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 120,934 123,195
SHAREHOLDERS' FUNDS 121,034 123,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

BALANCE SHEET - continued
30 APRIL 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:




Steven J. Conduit - Director



Sally J. Conduit - Director


FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

Flair Office Supplies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twelve years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year 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 balance sheet date.

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

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021
and 30 April 2022 43,224
AMORTISATION
At 1 May 2021
and 30 April 2022 43,224
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 -

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2021 22,687 26,358 37,480
Additions - - -
Disposals - - -
At 30 April 2022 22,687 26,358 37,480
DEPRECIATION
At 1 May 2021 8,459 10,649 30,388
Charge for year 711 2,206 1,063
Eliminated on disposal - - -
At 30 April 2022 9,170 12,855 31,451
NET BOOK VALUE
At 30 April 2022 13,517 13,503 6,029
At 30 April 2021 14,228 15,709 7,092

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2021 69,869 5,175 161,569
Additions 15,142 415 15,557
Disposals (29,494 ) - (29,494 )
At 30 April 2022 55,517 5,590 147,632
DEPRECIATION
At 1 May 2021 45,436 4,038 98,970
Charge for year 6,207 512 10,699
Eliminated on disposal (14,749 ) - (14,749 )
At 30 April 2022 36,894 4,550 94,920
NET BOOK VALUE
At 30 April 2022 18,623 1,040 52,712
At 30 April 2021 24,433 1,137 62,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 145,811 162,009

FLAIR OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 04721761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 7,151
Trade creditors 90,132 105,296
Taxation and social security 31,500 34,629
Other creditors 44,850 53,766
166,482 200,842

8. RESERVES
Retained
earnings
£   

At 1 May 2021 123,195
Profit for the year 95,289
Dividends (97,550 )
At 30 April 2022 120,934

9. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.