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REGISTERED NUMBER: 02565563 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

1ST FOR FLOWERS LIMITED

1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST FOR FLOWERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr B J Hattersley
Mrs B J Hattersley





SECRETARY: Mrs B J Hattersley





REGISTERED OFFICE: Janelle House
Hartham Lane
Hertford
Hertfordshire
SG14 1QN





REGISTERED NUMBER: 02565563 (England and Wales)





ACCOUNTANTS: Gary J Cansick & Co
Chartered Accountants
Janelle House
6 Hartham Lane
Hertford
Hertfordshire
SG14 1QN

1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,353 45,257

CURRENT ASSETS
Stocks 11,850 8,000
Debtors 5 83,762 88,462
Cash at bank and in hand 69,145 8,553
164,757 105,015
CREDITORS
Amounts falling due within one year 6 119,578 77,805
NET CURRENT ASSETS 45,179 27,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,532

72,467

CREDITORS
Amounts falling due after more than one
year

7

(59,258

)

(37,268

)

PROVISIONS FOR LIABILITIES (4,249 ) (3,141 )
NET ASSETS 31,025 32,058

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,023 32,056
SHAREHOLDERS' FUNDS 31,025 32,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

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

1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)

BALANCE SHEET - continued
31 DECEMBER 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 27 September 2023 and were signed on its behalf by:




Mr B J Hattersley - Director



Mrs B J Hattersley - Director


1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

1st For Flowers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 16,772 69,796 8,681 95,249
Additions 186 16,990 - 17,176
At 31 December 2022 16,958 86,786 8,681 112,425
DEPRECIATION
At 1 January 2022 16,190 25,164 8,638 49,992
Charge for year 109 12,928 43 13,080
At 31 December 2022 16,299 38,092 8,681 63,072
NET BOOK VALUE
At 31 December 2022 659 48,694 - 49,353
At 31 December 2021 582 44,632 43 45,257

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2022 7,495
Additions 16,990
At 31 December 2022 24,485
DEPRECIATION
At 1 January 2022 3,543
Charge for year 2,758
At 31 December 2022 6,301
NET BOOK VALUE
At 31 December 2022 18,184
At 31 December 2021 3,952

1ST FOR FLOWERS LIMITED (REGISTERED NUMBER: 02565563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 81,207 88,006
Other debtors 2,555 456
83,762 88,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 14,643 15,554
Hire purchase contracts 4,199 1,500
Trade creditors 16,231 483
Taxation and social security 78,848 55,556
Other creditors 5,657 4,712
119,578 77,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 47,711 37,268
Hire purchase contracts 11,547 -
59,258 37,268

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,025 -

8. ULTIMATE CONTROLLING PARTY

Mr and Mrs B J Hattersley are the ultimate controlling party by virtue of their shareholding.